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US, UK, EU Participation At ZITF Proof That Re-engagement Is Working - ED

1 year agoSun, 30 Apr 2023 09:21:26 GMT
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US, UK, EU Participation At ZITF Proof That Re-engagement Is Working  - ED

President Emmerson Mnangagwa (ED) believes that the participation of the European Union, the United States, and the United Kingdom at the Zimbabwe International Trade Fair (ZITF) is proof that his efforts to improve relations with other countries are working.

He made this statement to journalists after touring the fair, which ended on Saturday, 29 April 2023. The president told journalists:

The Americans are here, the British are here, the EU is here. What else would we want? Everybody is here. So this engagement and re-engagement policy is bearing fruits. Perhaps, they heard that the Majesty is coming. That’s why they are here.

Zimbabwe’s relations with the West have been strained due to political and economic issues, resulting in sanctions being imposed on the southern African nation. President Emmerson Mnangagwa has attempted to improve relations through his re-engagement policy, but progress has been slow due to concerns over human rights and governance. Some positive developments have occurred, such as the resumption of development aid by the EU and new funding pledges by the UK, but there are still obstacles to the full normalization of relations.

This year, over 20 countries participated at the ZITF, compared to only 13 last year. Angola, Belarus, Botswana, China, France, Germany, Italy, Japan, Kenya, Malawi, Mozambique, Netherlands, Nigeria, South Africa, Sweden, Tanzania, United Arab Emirates, United Kingdom, United States of America and Zambia were the countries that participated.

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The EU was the largest exhibitor, occupying 33 square meters of exhibition space, as reported by ZITF Company chairman Busisa Moyo. There were 533 exhibitors in total, taking up 46 631 square meters of exhibition space, which is 97% of the available space. This is an improvement from last year when the total space occupied was 45 786 square meters.

King Mswati III of the Royal Kingdom of Eswatini officially opened the fair and emphasized the need for greater trade and investment cooperation between Zimbabwe and Eswatini. He noted that while Eswatini imports over USD$2 billion worth of goods annually from Zimbabwe, Zimbabwe imports over USD$5.6 billion worth of goods annually from Eswatini. Despite this, trade and investment between the two countries remain insignificant compared to their economic connections with the rest of the world. Therefore, he called for closer trade and investment collaboration between the two countries.

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24 Comments

wickwell moyo · 1 year ago
😁😁😁
👁️ 👃 👁️ · 1 year ago
because they know the coming leader is behold see who's the next Zimbabwean president Advocate Nelson Nero Chamisa
fugu pfeee · 1 year ago
bika doro
Everett · 1 year ago
****
Anonymous · 1 year ago
A person now should watch empowering channels kuti tibuditse ma results kwete kungos****podza nyika yako u have the right to invest in you country look what Henry Ford and eichi Toyoda but if u put ur focus on regime change you will be going back coz I don't see it work but if u put your mind on development.There is a guy called Tinmac kwamakabva kure he always say I need to own a company (trucks) he always spent TYM in reading books of how to run a successful business but ahana kana subject in 2005 he formed tinmac motors after driving truck for 10 yrs .macompany iri ku runner kana kutanga ndege muno Enda kuManicaland verera redu vane ma Gd6 nekushanda muminda iwewe basa rekutaura sheti papindula usingashande .halliluya amen .kudzai Jesu kwete CCC kana Zanu
SONBOY CHINEMBIRI · 1 year ago
His Excellency Advocate President ED Mnangagwa must not be thrilled by the attendance of the United States of America, the United Kingdom and the European Union. [ CITIZENS ARE URGED TO VOTE FOR CHAMISA CHETE CHETE FOR REAL CHANGE/SHANDUKO ]. His Excellency Advocate President ED Mnangagwa embarked on a nobble process. He embarked on engagement and re-engagement processes. These are the processes which have lured the two countries and the European Union. [ DO NOT VOTE FOR GOLD MAFIA CRIMINALS ]. For his engagement and re-engagement processes to be a a success, he must also implement Human Rights and the rule of law fully. If he does not, then they will not respond next year. [ THE BUSH LAWYER4CCC ].
Mupostori j marange · 1 year ago
What I need is money and to employ all the young boys and girls .inini ne church yedu tikutida ku invester 1 billion in solar plant very soon coz yakawanda ka tikangoti 10usd pamhunhu a 500 million ndozvakuda nyika yacho tikangotaura tisinga act zvoshupa sisonke zvoita kana tine pfungwa a1 dzinotendera na
patriot datya · 1 year ago
mwana wehu*re maivako muroi mukuru anodya nyama yevanhu masikati machena
Anonymous · 1 year ago
Vote zanu pf out period musapuse musatye ma zimba
Anonymous · 1 year ago
Yes. Something fishy going on with the gold-backed digital currency. Just back the ZWL dollar with that gold then our currency will stabilize, simple. Anything else would be a scam!!!
good boy · 1 year ago
zvichaita hazvoo ko motii mwari anodhakwa hr
· 1 year ago
If the re-engagement is working how come we aren't seeing the benefits? Cost of living remains high. No meaningful investment Poverty is on the rise and is endemic UnEmployment is at 95% What the fu*I are you talking about? Bloodu ostrich with your head in the sand
fugu pfeee · 1 year ago
it doesnt happen overnight. second term yavaMnangagwa ndopauchaona kunaka kwazvo. tichazipigwa
GG · 1 year ago
Phillimon Kambiro whatever you are smoking is highly dangerous.43 years of Zanu pf rule has ruined the country and it's now unrecognizable as Zimbabwe which was a bread basket of Africa. I know Zimbos are immune to pain because they have never been real independent so we have this slave mentality.
Mohammed Zaka ali · 1 year ago
Kkkk I like your statement Hanzi what ever you are smoking is very dangerous 😹😹😹😹😹
fugu pfeee · 1 year ago
we are talking about reengagement not 43 years. wakatodhakwa ndiwe mufanami
GD6 · 1 year ago
Ukudzungaira Kambiro chro Robby aitoda wo to engage with the Western European Countries, but zvakatadza nekuda kwe yo f**k zanu pf... Zvisiye zvinokukanisai kuisa pfungwa dzako pakutaura zvne msoro
So what · 1 year ago
Manje muchaita sei 🤪🤪🤪🤪
'Miss Jessica · 1 year ago
Finance and Economic Development Minister Mthuli Ncube has threatened to hike Zimbabwe’s policy rate beyond 200% if companies continue engaging in parallel market activities. Ncube was speaking during the Zimbabwe International Trade Fair (ZITF) business conference in Bulawayo this week. He said: We have responded to inflation domestically by raising interest rates. The interest rates have been quite high. Of late, we have started bringing down the interest rate. But I’m now wondering about the recent hike in the exchange rates in other (black) markets. Should I increase the interest rates? Please stop pushing that parallel market (rate), because what we will do is increase the interest rates to 200% and beyond. Because that is what we know; so desist from operating in that market and pushing up the parallel rate. It is because this is very costly to everyone. Last year, the Reserve Bank of Zimbabwe (RBZ) hiked the policy rate to 200%. It was later reduced to 150%, and further to the current 140% but this is still considered punitive by firms. The policy rate (benchmark or key interest rate) is the interest rate at which a central bank lends money to commercial banks in its country. The policy rate is set by the central bank’s monetary policy committee and is used as a tool to control inflation and stabilise the economy. Hiking the policy rate makes borrowing becomes more expensive for commercial banks and this can lead to a decrease in lending and economic activity, which can help to control inflation by reducing demand for goods and services. More: Pindula News

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