Business

5 firms enter Angolan market

ESTHER MSETEKA, Lusaka
FIVE Zambian companies have sealed business deals worth US$500,000 to supply pig feed and biscuits to Angola.
The companies, which recently attended the Feira International Trade Fair (FILDA) from July 26 to 30, included Zambeef Products Plc, Seba Foods, Musa Biscuits, Zamleather and Yoyo Foods.

Zambia Development Agency (ZDA) communications and public relations manager Margaret Chimanse said Angola presents huge opportunities for the Zambian non-traditional exports (NTEs) in sectors such as primary agriculture and agro-processing along the value chain and manufacturing.

In a statement availed to the Daily Mail, Ms Chimanse said key products in demand include maize and groundnuts for Moxico and Cuando Cubango provinces, which share borders with North-Western and Western provinces of Zambia, respectively.
“Zambian companies have clinched orders worth US$500,000 at FILDA in Luanda, Angola. During the fair, products such as biscuits, sugar, cement, stock-feeds, chickens, leather products were on high demand receiving a lot of inquiries,” she said.
Ms Chimanse said the agency will continue leading the private sector to forums in line with its export strategy to maximise Zambia’s presence at regional markets.
This aimed at a marginal cost and backed by the Seventh National Development Plan (7NDP), which was recently launched by President Lungu.
The 7NDP focuses on increasing Zambia’s NTEs for the period 2017-21 to Angola and the Democratic Republic of Congo as the major markets for the Zambian products.
Ms Chimanse said there is need for more trade promotion activities to be undertaken such as trade fairs and trade missions during the 7NDP if results are to be attained.
She, however, said during business-to-business meetings, Zambian companies were advised to improve on packaging and labelling of products.
“With this unfolding demand for the Zambian products, linkages between the two countries are of major concern to the private sector as logistics have proved challenging to most businesses,” Ms Chimanse said.

 

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