On October 20th, Stanbic Bank Zimbabwe unveiled an export guide designed to assist Zimbabwean exporters and business entities in understanding and accessing the Chinese market. The launch took place during the Stanbic Bank China Day event held in Harare, Zimbabwe’s capital. The event attracted business executives, representatives from the banking sector, exporters, and manufacturers.
Tapuwa Nyika, head of Trade and Africa-China Banking at Stanbic Bank Zimbabwe, highlighted the need for Zimbabwean companies to have guidance on accessing the Chinese market. He stated, “We have seen that a lot of our Zimbabwean companies want to enter the Chinese market, but they don’t know how to do it. Our idea is that we want to empower our Zimbabwean companies to be able to trade with China, given that Stanbic Bank Zimbabwe is a major facilitator of China-Zimbabwe trade.”
The Stanbic Bank China Day event aimed to foster trade and business ties between Zimbabwe and China under the theme of “creating sustainable partnerships for growth.” Over the years, trade between the two countries has been growing steadily due to their cordial bilateral relations.
Allan Majuru, CEO of ZimTrade, Zimbabwe’s export promotion agency, emphasized the value of the Chinese market for Zimbabwean products. Majuru mentioned that ZimTrade has facilitated meetings between buyers and exhibitors from China and Zimbabwe to stimulate demand for local products.
Majuru also announced that ZimTrade will be participating in the upcoming China International Import Expo in November.
Liu Baixue, vice chairperson of the Chamber of Chinese Enterprises in Zimbabwe, expressed optimism regarding the positive trajectory of trade between China and Zimbabwe. Baixue stated that a greater variety and quantity of commodities are expected to be exported to China in the future, highlighting the potential for Zimbabwe’s citrus industry given the size of the Chinese market.
