“It is easier to get up on an elephant lying down – so come to Zimbabwe now, don’t wait, because when we are standing up, it might be difficult for you to get a ride” – H.E Hon. Minister of Finance, Patrick Chinamasa
Speaking to representatives of the Swedish Private Sector at a round table meeting in Stockholm on the 27th of February, organized by SSACC, Zimbabwe’s Minister of Finance spoke about the current business climate, policy changes and initiatives being taken by the Zimbabwean Government to restore business and investor confidence in the nation.
The Minister was in Sweden to meet with Swedish Government Officials on reviving the historical relationship of the two countries. Sweden and Zimbabwe’s relations go as far back as the beginning of the 20th century and saw through Zimbabwe’s liberation struggle. However, for the past 20 years the two countries official bilateral relationship has been strained. It is Zimbabwe’s hope, as the Minister stated, that they renew their relationship with Sweden to what it was 20 years ago.
Despite the countries challenges in the past two decades, the Minister thanked the resilience of the Swedish Private Sector, many of whom have remained committed to the Zimbabwean Market. Trade Between Sweden and Zimbabwe is at the moment Limited but there is huge growth potential. Zimbabwe is a growing market with increasing opportunities especially in mining, manufacturing and ICT
The standard of Zimbabwe’s infrastructure is reasonably good, but Zimbabwean companies need technical support, innovation, new technology and supplies from foreign companies to be able to rebuild the economy.
What next for Zimbabwe?
Some of the questions posed to the Minister by the private sector representatives at the meeting included question on the shortages in the dollar currency, access to capital, bonds issuing and the indigenization policy. The Minister conceded the challenges being faced by currency shortages, however assured that the Government is implementing key initiatives to make this challenge short term and not a long term factor, particularly by boosting access to capital for the retooling of export sectors. Furthermore, the issuing of bonds would provide incentives for export earning companies and reduce the cost of production.
Despite near complete isolation, Zimbabwe, the Minister said, has remained standing – wobbling – but still standing, this should be viewed as a testament of the countrys’ and its peoples resilience and should give investor confidence, particularly given the recent positive developments. Companies and investors can expect full repatriation of profits and a complete ratification of the indigenization policy. From March 2018, foreign companies will no longer be constraint by the 51 – 49 indigenization rule, expect for two minerals – Diamond and Platinum, pending a Diamond and Platinum policy. All sectors are open for business, said the Minister, Zimbabwe is open for business!
Join SSACC to Zimbabwe April 2018
SSACC is happy to announce, with the support of the Ministry of Finance from Zimbabwe and our partner Zimbabwe National Chamber of Commerce, a Business Delegation Trip to Zimbabwe this April!
Take the opportunity to get hands on information about the recent positive developments in Zimbabwe, take this opportunity to engage/re-engage in the Zimbabwean market, meet high ranking officials, potential business partners and customers and key industry players.
The Zimbabwe trip has been added to our existing Delegation Trip to Zambia – Maximize your business potential and split 5 days between Zambia and Zimbabwe
Both Delegation trips are driven by your individual needs!
contact us at email@example.com or call us at +46 70 751 71 38
Successful pre-meeting with Hon. P. A Chinamasa, before the round table meeting with representatives from the Swedish Private Sector, organized by SSACC. Pictured(right to left): Amb. Chipaziwa, VP SSACC, Eva Hytenget. Hon Chinamasa, Board member SSACC Fredrik Gisle
In Stockholm, on the 20th of August 2015 the SADC Diplomatic Missions in Sweden in collaboration with SSACC and KPMG will convene a high-level seminar on the theme “Sustainable Business Operations and Relations with SADC”. The seminar will allow for dialogue and new insights on cooperation between governments, businesses and civil society, sharing the latest developments in the SADC region and discuss how businesses can be managed sustainably from an economic, social and environmental perspective.
(attend/see program – Stockholm SADC DAY event)
This follows the 35th SADC Heads of State and Government Summit taking place today August 17th and tomorrow 18th, 2015, in Gaborone Botswana. The summit is being held under the theme “Accelerating Industrialization of SADC Economies Through Transformation of Natural Endowment and Improved Human Capital.”
Among other things discussed, will be the implementation of the recently adopted Regional Industrialization Strategy that was approved during the Extra-Ordinary SADC Summit in April 2015 in Harare‚ Zimbabwe. The Summit is also expected to review progress towards achieving the objectives outlined in the Revised Regional Indicative Strategic Development Plan (RISDP) 2015 – 2020.
The RISDP is a $500 billion harmonized blueprint for the SADC plan of action on achieving regional economic development and will guide the implementation of SADC programs over the next five years‚ with a particular focus on Industrial Development and Market Integration; Infrastructure in Support of Regional Integration; and Peace and Security Cooperation.
Outgoing SADC Council of Ministers Chairperson, Simbarashe Mumbengegwi, who is Zimbabwe’s Minister of Foreign Affairs, said that it was a great honor for his country to lead the Council of Ministers for the past one year and added that SADC performed well over the past year and met most of its objectives. In his acceptance note, Botswana’s Minister of Finance and Development Planning, Kenneth Matambo, said there is urgent need for SADC economies to broaden their industrial and economic bases to create employment and intensify the fight against poverty. Mr Matambo said the adoption of the industrialization strategy is a welcome move to catalyze regional co-operation and integration to ensure that SADC moves ahead in unison as a region.
An Interim Report on the SADC Regional Industrialization Strategy and Roadmap presented in March of 2015 highlighted the following:
Industrialization, competitiveness and regional integration are the three main pillars on which the strategy will be anchored and through which the region will be set to achieve the following strategic objectives:
- Diversifying and broadening the industrial and export base of the region, thereby increasing regional trade and employment
- Reversing the decline in the share of manufacturing in GDP and employment
- Accelerating the growth momentum and enhancing the comparative and competitive advantages of the economies of the region
- Achieving major socio-economic and technological transformation both at the Member State and regional level.On SADC – EU Cooperation, progress has indeed been noted in the programming of the 11th European Development Fund (EDF) to cover the period 1 January 2014 to 31 December 2020. The entire €116 million allocated as EU support to SADC under the 10th EDF has been committed and allocated to the following programs and projects in two focal areas of Regional Economic Integration and Regional Political Cooperation:
- Regional Economic Integration Support (REIS)
- Trade-related Facility (TrF)
- Project Preparation and Development Facility (PPDF)
- Regional Political Cooperation Program (RPC)
- Institutional Capacity Development Program (ICDP)
- Technical Cooperation Facility (TCF)
The Nordic South African Business Association (NSBA), a partner of SSACC, is a dynamic and engaging business linkage that offers a networking platform to the Nordic & South African business communities. Founded in 2007 NSBA supports the development of stronger business ties between South Africa and the Nordic countries. With our aligned objectives, the partnership between SSACC & NSBA advances a common interest of greater business relation, trade and investment between the stakeholders represented by the partners.
If you happen to be in the Sandton area this August be sure to take the opportunity to attend their upcoming networking event on the 26th of August 2015 at 17.30 at the Radisson BLU Sandton Hotel
Topic discussion: The South African labour market and how Nordic and international companies alike can protect themselves from labour policy. Loane Sharp, an economist from Free Market Foundation, will be discussing:
For more on NSBA events visit their website: http://nsba.co.za
Drawing on proud traditions from the late 1990s, Sweden’s largest business convention in the Middle East & Africa, the Middle East & Africa Summit is bigger than ever. Hosted by Sweden’s Minister for Enterprise and Innovation, H.E. Mikael Damberg, and Undersecretary of the UAE’s Ministry of Economy, Foreign Trade & Industry, H.E. Abdullah Al Saleh, the biennial Middle East & Africa Summit is the only forum where all Swedish stakeholders are gathered under one roof.
Together with the Embassy of Sweden in the UAE, Business Sweden organizes the Middle East & Africa Summit 2015. This year is the first time that we are including the African continent in the conference. This means that there will be a dual focus on business opportunities, sector workshops and keynote speakers. The aim is to find synergies between the markets in Africa and in the Middle East that will support your future business development. Apart from increasing your knowledge about different topics and business sectors, the Middle East and Africa Summit offers numerous opportunities to network with a variety of experts, Swedish ambassadors and Trade Commissioners from the entire region, management representatives from the Swedish private sector, regional key stakeholders and decision-makers. By attending the Middle East & Africa Summit, you can expect to receive an overview of the political and economic developments in the region as well as to network and discuss business strategy with likeminded companies and other official representatives.
“It’s a sign of changing times that Dubai this year will host the Swedish MEA Summit. The concept of a ‘region’ is changing, from a self-contained, well-defined geographical area, to trade nodes and hubs, directing flows and connecting markets. Dubai’s importance, as illustrated by its successful Expo2020 bid, is thus far greater than its objective size or its home market. Dubai is a lab and a springboard for Middle East and Africa business”, says Sweden’s Ambassador to the UAE Mr. Jan Thesleff.
– See more and register your interest HERE
Den 1 oktober 2014 hade SSACC sin officiella lanseringen händelse i samarbete med Svenska institutet (SI.).
Över 100 Svenska samarbetspartners samlades för att fira i bildandet av den nya plattformen för tillväxt i affärsrelationer handel och investeringar mellan Sverige och södra Afrika (SADC)
Eventet öppnades av SSACC och SI. Gästtalare var Sten Rylander, Ambassadör, Afrika-expert och författare till “Afrika Vänder: sv Kontinent i förändring”; Pereric Högberg, chef för Afrikaenheten vid Svenska utrikesdepartementet och Sydafrikas ambassadör i Sverige, HE Mandisa Dona Marasha.
Samtliga talare framhöll att SADC-regionen är en region som innehåller positiva viktiga attribut för lätt att göra affärer jämfört med andra regioner på kontinenten. Södra Afrika har visat fortsatt ekonomisk tillväxt, skattemässigt stabilitet och politisk stabilitet. Det är en region rik på arbetskraft och resurser.
Andra tecken på positiv utveckling i regionen det fortsatta SADC-arbetet för integration av ekonomisk politik, ökad grad av harmonisering och rationalisering inom till exempel livsmedelssäkerhet, mark och jordbruk; infrastruktur och tjänster; industri, handel, investeringar och finansiering; utveckling av mänskliga resurser, vetenskap och teknik; naturresurser och miljö; social välfärd, information och kultur; politik, diplomati, internationella relationer, fred och säkerhet.
Den 19 november hade SSACC nöjet att välkomna anordna ett seminarium med Divine Ndhlukula , som enligt Forbes är den mest framgångsrika kvinnan i Afrika
Divine pratade om “hur man lyckas i affärer i utmanande marknader”. Publiken bestod av representanter för den svenska industrin i stort och svenska säkerhets och telekomföretag, samt ett antal Afrikanska Ambassadörer.
Divine delade med sig erfarenheter från framgångar och utmaningar när hon byggt upp sitt säkerhetsbolag i Zimbabwe från 4 anställda till 5000 anställda som expanderar i Angola och Moçambique.
Läs om – Divine Ndhlukula s 10 steg för att växa ett framgångsrikt företagande Divine Ndhlukula’s 10 steps to grow a successful enterprise
Eventet genomfördes i samarbete med Kungliga Ingenjörsvetenskapsakademin (IVA) och Zimbabwes Ambassad i Stockholm
Som en del i arbetet att bli den bästa affärspartner för svenska företag som vill göra affärer i Södra Afrika har tecknar 2015 samarbetsavtal med strategiska partners i regionen.
Samarbetetsavtalen bidrar till att SSACC ska kunna tillgodose medlemmarna uppdaterad och relevant information om specifika marknader brancher, lokala regelverk som påverkar företagande, investeringar och handel, samt lokala kontakter.
Hittills har vi tecknat avtal med nationella handelskammare, myndigheter och privata organisationer i Angola, Malawi, Moçambique, Sydafrika, Tanzania, Zambia och Zimbabwe. Målsättningen är att ha minst 2 strategiska partners i varje SADC-land.