Government targets 10pc growth in exports

GOVERNMENT is determined to ongoing reforms to facilitate growth in exports of goods and services by at least 10 percent annually from about US$4,5 billion currently to US$7 billion by 2023, a Cabinet Minister said.

Foreign Affairs and International Trade Minister Dr Sibusiso Moyo, said this while addressing delegates to the ZimTrade Annual Exporters’ Conference, which was held in Bulawayo last week.

Running under the theme “Rethink, Reform and Export”, the conference’s objective was to foster ways to grow exports to secure foreign currency while also containing the county’s trade deficit.

ALL SHARE

The All Share index closed the week on a lower note, losing 0.15 points 0,07 percent to close at 228.19 points. Econet Wireless dropped $0,0386 to $1,6505, Old Mutual lost $0,0273 to $33,0001 and NMB Limited was $0,0100 weaker at$0,3900. Cassava Smartech Limited also decreased by $0,0099 to settle at $1,4680 and First Capital Bank traded $0,0016 lower at $0,0984.

Losses were countered by gains in SeedCo Limited which advanced by $0,2000 to $2,2000, Padenga Holdings Limited added $0,0086 to $2,9000 and SeedCo International Limited traded $0,0075 higher at $2,7725. Simbisa Holdings advanced by $0,0046 to end at $1,3921 and OK Zimbabwe Limited increased by $0,0042 to close at $0,6500.

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