ZNCC chief executive Chris Mugaga

The Zimbabwe National Chamber of Commerce (ZNCC) has finalised two agreements with the Gujaract Chamber of Commerce and Industry and the Indo Africa Chamber of Commerce in a development that will unlock opportunities for co-operation in various economic sectors. 

Then deals were signed last week on the sidelines of the “I for Africa” Conference held in Mumbai. 

ZNCC chief executive officer Christopher Mugaga said the MOUs will strengthen co-operation in the area of pharmaceuticals, agriculture, engineering and technology with the chamber also opening a satellite office in India’s commercial hub of Gujarat to enhance business synergies. 

“In all these areas, we are expecting a number of Zimbabweans to start operations and engaging Indians to learn international best practices, we are also expecting Zimbabwe to take advantage of the Gujarat office that was opened and will remain a satellite hub. The Indian business community will come to Zimbabwe in the first half of next year on a business to business mission, as you know India is one of biggest investors in Zimbabwe’s economy since independence,” said Mugaga.

Discussions were also made on how to unlock US$800 million worth of funding set aside for SMEs in Africa by the Indo Africa Chamber of Commerce and Industry.

The Zimbabwe delegation which also included officials from the Ministry of Industry and Commerce and Zimbabwe’s ambassador to India Mr Maxwell Ranga also toured a number of special economic zones being successfully runs by the private sector with government support.