Zambia’s former Vice President and renowned businessman, Enock Kavindele says Angola is very keen to trade with Zambia but that luck of proper information has made it impossible for the two countries to grow the trade volumes.
He said that the National Bank of Angola had this year revealed that Angola had in the month of August alone spent USD 66.2 million on the importation of meat from Brazil, Argentina and Europe while another USD 38 million was spent in the purchasing of cereals (Maize, groundnuts, beans etc) from Brazil and Argentina.
Kavindele further stated that the importation of food into Angola is big business, for instance, “A 90 kg bag of maize in Angola costs $35 which is equivalent to about ZMW350 in Zambia. If infrastructure was good in our country in terms of road and rail link, this can open an opportunity for our local formers to export the said commodities.
However, lack of proper road networks and knowledge on the exportation of the commodity has made it impossible for the two countries to grow the trade volumes,” he said this at the Intra Africa Trade fair media engagement last week.
Intra African Trade Fair Ambassador for Zambia, former Bank of Zambia governor Dr. Caleb Fundanga says export business is very crucial for any country that aspires to be prosperous because it offers a larger market than that offered by its population. The former governor says most African countries have remained poor due to lack of access to trade and market, lack of information on the market, lack of access to trade finance and heavy relying on export of primary commodities.
Dr Fundanga says Zambia has the potential to export most of the commodities it produces but that lack of better knowledge on the market as well as proper infrastructure has led to poor trade performance. He was speaking at the same media workshop aimed at promote this year’s Intra-African Trade Fair (IATF) to be hosted by Egypt from the 11th to 17th December, 2018.
Meanwhile, Ministry of Commerce Trade and Industry senior Economist Kelvin Kamayoyo said that the trade fair is one of the key elements the ministry uses in promoting trade. He says the ministry is targeting more than 40 companies to form Zambia’s delegation that will exhibit at the Trade Fair in Egypt.
He added that the ministry will ensure the private sector is incorporated as part of the pavilion that will exhibit at the trade fair in order to promote and create market for these SMEs.
And Zambia Development Agency – ZDA said that the agency is here to prepare SMEs on how to participate in the Intra Trade Fair in terms of logistics, transportation, application, documentation and how samples to be showcased will be carried to Egypt. The Agency says companies participating in the trade fair must be Zambian registered and should be promoting Zambia’s products. These products must be fully obtained from Zambia or 30% of the products value should be that of Zambia.