tawandamusarurwa
Online Reporter
Stanbic Bank Zimbabwe says business should take advantage of the numerous opportunities presented by the African Continental Free Trade Area (AfCFTA).
Stanbic Bank head of trade and Africa-China banking Mr Tapuwa Nyika said AfCFTA could help local businesses expand their market and improve competitiveness and access to new markets.
“The removal of trade barriers opens the door for Zimbabwean businesses to access a market of over 1,2 billion consumers and expand their operations across the continent,” said Mr Nyika.
“The growth prospects for Zimbabwean businesses posed by this opportunity are immeasurable, as they not only include employment creation, but generation of the much-needed foreign currency.”
With increased competition, he said, it is important for business to make their goods and services competitive and appealing to a wider range of consumers.
Speaking at the recently held AfCFTA Conference, Standard Bank head of trade for business and commercial banking, Mr Philip Myburgh, said the bank is committed to driving Africa’s growth and unlocking opportunities across the 20 markets it serves.
Online Reporter