Mining spurs export earnings

Commerce, the country’s exports from the mining sector stood at US$412 million in the first quarter compared with US$334 million during the same period last year.
In terms of the total export earnings, the mining industry is followed by tobacco exports, accounting for 14,5 percent. Other key industries such as horticulture, manufacturing, tourism, among others, accounted for an average of 7 percent.
The mining industry is poised to play an important role in the economic revival. Through various export promotion bodies, Zimbabwe has been on a drive to boost exports. This will enable them to tackle the opportunities in the regional markets and beyond.
An economist with the Zimbabwe National Chamber of Commerce, Mr Kipson Gundani, said the Government and the private sector should focus on workable policies to reduce the trade deficit.
“What remains to be seen is the resolve by Government to address the trade deficit,” said Mr Gundani.
The mining industry is poised to play an important role in the economic revival. — Xinhua-Business Reporter.

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