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Local companies to take part in DRC exhibition

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Ten local companies are expected to participate at the ZimTrade three-day solo exhibition set for next month in Lubumbashi, Democratic Republic of Congo (DRC).

The solo exhibition would offer opportunities in trade for both industrial and commercial products in Zimbabwe.

ZimTrade chief executive officer Sithembile Priscilla Pilime said presented an opportunity for companies to increase its market share in DRC and further enhance bilateral trade amongst the two countries.

“We are inviting companies to participate in this event in order to obtain new markets and increase market share in DRC,” said Pilime.

In 2010 Zimbabwe’s exports to DRC amounted to $19 million while imports were worth $445 thousand reflecting a positive trade balance of $18,5 million in favour of Zimbabwe.

Coke and semi-coke, tobacco, rotary convertors, sugar confectioneries, petroleum oils and oils obtained from bitumen, yarn and eggs were some of the country’s exports to DRC in 2010.

Pilime said Zimbabwe’s participation in the solo exhibition would provide an opportunity to showcase mining machinery and equipment, electrical and electronic equipment, boilers, hardware, building and construction material, processed foods includes wines, packaging materials to potential buyers and investors.

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