Mauritian delegation eyes business opportunities at buyer-seller meet in Zimbabwe
Amedee Darga, head of the delegation and chairman at Enterprise Mauritius, said that the group, which includes representatives of various sectors, was keen to resuscitate business ties with Zimbabwe which had suffered from economic challenges faced by the latter since 2000. (Image: ecoaustral).
In an attempt to boost economic ties between Mauritius and Zimbabwe, a delegation of 12 Mauritian business members is attending a buyer-seller meeting in Harare, Zimbabwe, starting yesterday.
The event acts as a golden platform for Mauritian businessmen seeking investment opportunities in all sectors of the Zimbabwean economy, while offering huge export avenues for the local industry to tap into.
Amedee Darga, head of the delegation and chairman at Enterprise Mauritius, said that the group, which includes representatives of various sectors, was keen to resuscitate business ties with Zimbabwe which had suffered from economic challenges faced by the latter since 2000.
Despite this, according to him, there is still a lot of interest evinced by Mauritian firms that are keen to invest heavily in the Zimbabwean economy. He added that the visit is expected to push trade relations to USD 8 million annually (approximately Rs 252.00 million).
Last year, trade between the two countries generated less than USD 1 million, which converts to less than Rs 31.50 million.
“We are here to explore investment opportunities, and there are also opportunities for Zimbabwean companies to export beef products to Mauritius,” said Amedee Darga.
The Zimbabwe Investment Authority (ZIA) Chief Executive Officer, Richard Mubaiwa, said that investors are interested in mining, agriculture and manufacturing, indicating that there has been a tremendous inflow of investment in these sectors.
For his part, ZimTrade Chief Executive Officer, Sithembile Pilime has urged local firms to take advantage of the visit and forge partnerships with the Mauritian delegation.
The buyer-seller meeting will end tomorrow, Wednesday, November 12, 2014 in Harare, amid high expectations that a number of deals would have been sealed among local firms and members of the Mauritian Business Delegation.