Harare, 27 July 2023….
In an effort to support the government’s initiatives to boost exports and generate foreign currency for the country, the People’s Own Savings Bank (POSB) in partnership with ZimTrade will be hosting an exports awareness seminar for local businesses today (27 July 2023) at a local hotel.
The thrust of the businesses export seminar is to provide an opportunity for local businesses to learn about the latest trends in export markets, appreciate the exports value chain and how they can take advantage of these trends to grow their businesses. Participants will also be apprised on the various requirements and regulations that must be adhered to when exporting goods and services to regional and international markets.
“As POSB, one of our mandates is to promote exports to boost the country’s foreign currency generation efforts and economic growth. We understand the impediments that businesses face when it comes to exporting their products. We support exporters through our financial and non-financial services, including trade finance, foreign exchange services, export credit facilities such as pre-export loans, offering foreign payment solutions including Mastercard Services and provision of export documentation services such as form CD1 which is the passport for physical goods and form CD3 for transport services, general services declaration forms (DSD), among others,” said POSB chief executive officer, Garainashe Changunda.
“Additionally, we are partnering with like-minded organisations such as ZimTrade to offer export awareness training services to assist businesses overcome the challenges they face and raise awareness on how to export goods and services,” said Changunda.
“Exporters play a pivotal role in our economy. They help create employment, increase foreign exchange earnings and contribute to the country’s economic growth. Zimbabwe has enormous export potential and POSB is committed to helping businesses take advantage of these opportunities,” Changunda added.
The seminar will be a multi-sectoral event aimed at improving knowledge on the ease of doing export business in Zimbabwe and a platform for stakeholder engagement to understand the existing export opportunities in the international and regional markets and how Zimbabwean exporters can exploit the same.
Several experts with valuable experience, knowledge and insights into the export processes including export market opportunities, export compliance and requirements for registration under Trade Agreements have been lined up to speak during the seminar.
“As ZimTrade, we are pleased to partner with POSB in this seminar that has great potential to contribute to the development of the country and the growth of our SMES. In addition to learning about the export processes, participants will also get opportunities to network with other local businesses. This will provide an opportunity for businesses to build relationships and explore potential partnerships that can help them to grow their businesses,” said Allan Majuru, ZimTrade Chief Executive Officer.
“We have also roped in experienced exporters to share testimonials with those that are still starting. The seminar is a great opportunity to ask questions and engage with the experts to gain a deeper understanding of the export processes,” Majuru added.
The Seminar will be live streamed on POSB’s social media pages to enable those who will not be able to attend the physical event to participate.
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About POSB
The People’s Own Savings Bank (POSB) is Zimbabwe’s only 100 percent homegrown savings bank that has served the nation by providing quality, affordable and accessible banking services for over 115 years. Formerly the Post Office Savings Bank, the POSB was established in December 1904 as a statutory fund to mobilise savings for national development. From January 1905 until 1965, the Bank conducted its operations through the Post Office infrastructure network. In 1965, the Post Office Savings Bank Act {Chapter 249} was promulgated thereby providing for the administration of the Savings Bank by the Posts and Telecommunications Corporation (PTC) on an agency basis. Finally, in 2001, the People’s Own Savings Bank of Zimbabwe Act (Chapter 24:22) was promulgated. This Act effectively established POSB as a corporate body, separate from PTC. Learn more about POSB at www.posb.co.zw and follow us on Facebook, Twitter, Instagram and LinkedIn.
POSB Media Contact Details
David Makacha
Public Relations Manager
Email: dmakacha@posb.co.zw
Telephone: 0242 793814
About ZimTrade
ZimTrade, the national trade development and promotion organisation, is a unique joint venture partnership between the Private Sector and the Government of Zimbabwe. It was formed through a constitution in September 1991. Working closely with Partners, Industry Experts and Development Cooperation Partners, ZimTrade provides a comprehensive suite of value-added services. It assists Zimbabwean exporters, including first-time exporters and potential exporters, to develop, promote and facilitate export of their goods and services to the world.
ZimTrade Media Contact Details
Danai Majaha
Communications Manager
Telephone: 0242 369330-41
Email: dmajaha@zimtrade.co.zw
