Zimbabwe eyes UK market post Brexit

Zimbabwe eyes UK market post Brexit
Published: 18 October 2018 (190 Views)
Britain is expected to leave the European Union (EU) in the next few months, and has signaled intention to strengthen economic and trade ties with its former colonies, which include Zimbabwe.

Allan Majuru, ZimTrade chief executive, last week said Zimbabwe has been making overtures to access the United Kingdom (UK) market following re-engagement efforts being spearheaded by Treasury.

"Discussions are on-going and have been for some time. The efforts are to make sure that we don't lose out on the UK market after Brexit," Majuru told delegates at the recently-held ZimTrade exporter's conference.

This comes as British Prime Minister Theresa May recently visited Africa and pledged £4 billion in support for African economies to create jobs.

Majuru said Zimbabwe was looking at penetrating the UK through horticultural exports.

"At the moment, we export to the Netherlands and they then export to the UK so our target is to export directly to the UK as early as next year," he said.

The ZimTrade boss highlighted that a delegation from his company was due for a trip to the UK to seal the deal.

"We have been there and are looking at another trip to establish routes and sources. This revolution will not pass us," Majuru said.

At the close of 2017, trade between the UK and Zimbabwe was negligible at below $200 million, with other Zimbabwean manufacturers expressing desire to export to the UK.

Earlier this year, the UK's Department for International Trade (DIT) announced it was swamped with an overwhelming number of British businesspeople keen on exploiting business opportunities in Zimbabwe.

The UK's Trade Director for Southern Africa in the DIT, Elena Williams, said her government was inundated with British businesspeople who are rushing for Zimbabwe.

May's visit to Africa was her first since becoming prime minister in 2016.

She visited South Africa before travelling to Nigeria and Kenya, as part of a trade mission aimed at boosting post-Brexit fortunes.

May said the UK wanted to "deepen and strengthen its global partnerships" as it prepared to leave the EU in 2019.

The UK's direct investment in Africa stood at £4,2 billion in 2016.

- The Financial Gazette

Tags: UK, Brexit, Zimbabwe,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

'Mnangagwa to be removed in a painful way'

by Mandla Ndlovu | 20 April 2019 | 120 Views

WATCH: Chiwenga attacks Mnangagwa and Masiyiwa

by Mandla Ndlovu | 20 April 2019 | 108 Views

Mnangagwa must act on economic decay

by Concerned Citizen | 20 April 2019 | 94 Views

The Gukurahundi hearings

by Clemen Moyo (Mr) | 20 April 2019 | 61 Views

Chamisa is Ndebele Closest Saviour, Dear Thulani

by Multiverse Dungani | 20 April 2019 | 86 Views

'I prefer to be led by MDC' says Mliswa

by Mandla Ndlovu | 20 April 2019 | 119 Views

LIVE: Temba Mliswa holds his own Independence celebration

by Mandla Ndlovu | 20 April 2019 | 83 Views

Top Pastor blasts Jonathan Moyo

by Mandla Ndlovu | 20 April 2019 | 100 Views

Sydney Malunga's son speaks on the economic crisis

by Mandla Ndlovu | 20 April 2019 | 88 Views

HIV used to cure babies in America

by Mandla Ndlovu | 20 April 2019 | 98 Views

Why Zambezi Water Project will never be achieved

by Mandla Ndlovu | 20 April 2019 | 72 Views

Disgraced Australian journalist arrested in Zimbabwe

by Staff reporter | 20 April 2019 | 81 Views

We're not Gukurahundi activists, says Mthwakazi

by Staff reporter | 20 April 2019 | 64 Views

Woman wants maintenance until she remarries or dies

by Staff reporter | 20 April 2019 | 72 Views

Man petitions police to release car held as exhibit

by Staff reporter | 20 April 2019 | 70 Views

Cyclone Idai buried people with their belongings

by Staff reporter | 20 April 2019 | 78 Views

Rift widens in MDC Masvingo

by Staff reporter | 20 April 2019 | 66 Views

Chamisa reaches out to Mnangagwa

by Staff reporter | 20 April 2019 | 75 Views

Mnangagwa's advisors turn against Trevor Ncube

by Mandla Ndlovu | 20 April 2019 | 134 Views

MDC Structures keep the dream alive, the Jewel of Africa returns

by Jacob Mafume | 20 April 2019 | 108 Views

Mnangagwa wedged between a rock and hard place

by Editorial - Daily News | 20 April 2019 | 109 Views

Chamisa demands face to face meeting with Mnangagwa

by Staff reporter | 20 April 2019 | 115 Views

PHOTOS: Bulawayo - Nkayi road construction

by Social media | 20 April 2019 | 97 Views

Credible team and sound advice ahead of Elective Congress

by A big Easter by Tinashe Eric Muzamhindo | 20 April 2019 | 87 Views

South Africa and Zimbabwe turn a blind eye

by Sipho Ndlovu | 20 April 2019 | 90 Views

If its about us let us know

by Thomas Murisa | 20 April 2019 | 74 Views

ZAA Canada announces inaugural nominees

by Staff reporter | 20 April 2019 | 82 Views

Mnangagwa scared of death via political foul play

by Itai Mushekwe | 20 April 2019 | 93 Views

VACANCY: Thomson Reuters Foundation is employing

by Mandla Ndlovu | 19 April 2019 | 171 Views

Mohadi goes to court, seeks protection against ex-wife

by Staff reporter | 19 April 2019 | 223 Views

Gukurahundi cannot be wished away: Williams

by Staff reporter | 19 April 2019 | 171 Views