Rwanda, Zimbabwe to boost trade ties

Rwanda and Zimbabwe have reaffirmed their commitment to enhancing trade and economic cooperation, building on the strong relations the two countries share. The ongoing Rwanda-Zimbabwe Business Forum in Kigali has provided a platform for discussions on the various areas of collaboration between the two nations. Allan Majuru, the CEO of ZIMTRADE, engaged in a discussion with CNBC Africa, shedding light on the promising opportunities for trade cooperation between Rwanda and Zimbabwe. One of the key areas highlighted was the exchange of services, with significant developments already taking place in this sector. For instance, over 150 teachers from Zimbabwe have been deployed to Rwanda, providing expertise in various fields. Additionally, companies from both countries are exploring partnerships, with a Zimbabwean furniture company looking to establish a presence in Rwanda. The potential for collaboration in horticulture was also emphasized, considering Zimbabwe's strong foothold in this sector. Zimbabwe boasts unique and high-quality horticultural products, with a substantial portion of exports currently directed towards Europe and the UK. The CEO pointed out the increasing demand for Zimbabwean blueberries, known for their health benefits and superior quality. Other produce such as citrus fruits, sugar snap peas, and macadamia nuts were also highlighted as key export commodities. With Rwanda's strategic location and accessibility, there is immense potential to enhance the export of fresh produce to the Rwandan market, which could serve as a gateway to other African markets. Currently, a significant portion of Zimbabwe's fresh produce exports go to Europe, presenting an opportunity to redirect some of these exports to Rwanda. The CEO emphasized the need to optimize logistics and cargo services to ensure competitive pricing in the Rwandan market. Beyond services and horticulture, both countries are exploring opportunities in the mining sector. Zimbabwe's expertise in mining, coupled with Rwanda's ambition to position itself as a hub for ICT and mining, presents a promising avenue for collaboration. Zimbabwe's strong educational institutions specializing in mining are seen as valuable resources for knowledge exchange and capacity building in Rwanda. The CEO highlighted the presence of Zimbabwean professionals in Rwanda, contributing to the ongoing discussions and collaborations in the mining sector. Zimbabwe's mining industry, led by experienced professionals, offers an attractive proposition for potential investors and businesses looking to venture into the sector. The CEO extended an invitation to investors and businesses to participate in future engagements, emphasizing the mutual benefits that can be derived from strengthened partnerships. He also highlighted the upcoming fourth leg of the Rwanda-Zimbabwe Business Forum in Zimbabwe, inviting participants to explore the opportunities available in the country. The CEO shared his vision of deepening ties through initiatives like the gorilla naming ceremony, symbolizing the bond between the two nations. Tourism was identified as another potential area for growth, with opportunities for synergies and collaboration to boost trade, investments, and tourism between Rwanda and Zimbabwe.