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ZIMBABWE BUSINESS DELEGATION TO NAMIBIA PRESENTATION

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Presentation on theme: "ZIMBABWE BUSINESS DELEGATION TO NAMIBIA PRESENTATION"— Presentation transcript:

1 ZIMBABWE BUSINESS DELEGATION TO NAMIBIA PRESENTATION
NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY SWAKOPMUND/WALVIS BAY VISIT (8 NOVEMBER 2011) ZIMBABWE BUSINESS DELEGATION TO NAMIBIA PRESENTATION By Dr Joseph Kanyekanye President – Confederation of Zimbabwe Industries & Group Chief Executive Officer – Allied Timbers Holdings

2 Presentation NCCI Introduction Zimbabwe Reloaded Forecasted GDP Growth
NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY Presentation Introduction Zimbabwe Reloaded Forecasted GDP Growth Forecasted Sectorial Areas of Competitive Advantage What we seek

3 Introduction Stability and political unity since 2009
NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY Introduction Stability and political unity since 2009 Resource rich country with arable land PLUS agric/industry link Education – unquestionably Mugabe legacy GDP growth averaging 7% in last 2 years US$ STORY Constraints – I refuse

4 Abundant Nickel under care but can produce 10 000 tonnes
NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY Zimbabwe Reloaded Gold reserves estimated at $billions but currently producing 12mt per year but capacity to do 50mt/year exists Abundant Nickel under care but can produce tonnes Second largest PGM in Zimbabwe worth $400billion. 4 projects on feasibility stage. Abundant coal reserves at 2.7 million tonnes production/year Chrome production rose 167% in 2010 to t. Zimbabwe Kimberlitic diamonds at 4 million carats and alluvial reserves can account for at least ¼ of world production Manufacturing recovery One stop shop CZI as a partner: invitation, co-operation agreement, enhance trade

5 ZIMBABWE FORECASTS % p.a. 2011 2012 9,3 7 6 13 10 GDP Growth
NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY ZIMBABWE FORECASTS % p.a. 2011 2012 GDP Growth 9,3 7 Inflation – end year 6 Interest Rates (USD) 13 10 Source: Hawkins 2010

6 ZIMBABWE SECTORAL GROWTH
NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY ZIMBABWE SECTORAL GROWTH % p.a. 2011 2012 Agriculture 25.0 15.0 Mining 45.0 55.0 Manufacturing 9.5 12.0 Distribution 8.0 10.0 Tourism 6.0 Source: CZI2011

7 Some Key areas of competitiveness in Zimbabwe
NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY Some Key areas of competitiveness in Zimbabwe Clothing and textile industry Agro-Processing Chemicals & Tourism Manufacturing - Food Pharmaceuticals Metals and Minerals Technology Wood and furniture

8 WHAT WE SEEK NCCI INCREASED TRADE: FISH, TIMBER AND SUGAR PARTICULARLY
NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY WHAT WE SEEK INCREASED TRADE: FISH, TIMBER AND SUGAR PARTICULARLY EXCHANGE PROGRAMMES TO CONSOLIDATE POLITICAL RELATIONS WIN – WIN RELATIONS WITH THE ADVENT OF GLOBALISATION NCCI AND CZI INTITIATIVES FOR GROWTH AND HASSLE FREE BUSINESS EFFICACY OF USING WALVIS BAY VERSUS TRADITIONAL PORTS INVITATION TO KARIBA LINES OF CREDIT JV PARTNERS – MORE NAMSOVS

9 NCCI NAMIBIAN CHAMBER OF COMMERCE AND INDUSTRY ‘I am not smart, I spend more time on the problem than other people" - Albert Einstein THANK YOU 9


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