Business

ZITF plans to raise K8 million

ZAMBIA International Trade Fair is on. Above, an artist papering one of the exhibition pavilions. PICTURE: STAFRANCE ZULU

NOMSA NKANA, Lusaka
ZAMBIA International Trade Fair (ZITF) projects to raise revenue worth K8 million at this year’s show.
ZITF board chairperson Monde Kabwela said exhibitors at this year’s fair have swelled in excess of 497 local exhibitors compared to last year, when participants stood at 459.

Featuring on Zambia National Broadcasting Corporation’s Sunday Interview, Ms Kabwela said over 75 foreign exhibitors are expected at this year’s show representing 15 countries.
“For the local companies and traders, the trade fair is a local window helping them to expand their businesses beyond Zambia. Local companies and traders have a huge window to be at the crossroads of the international trade frontiers,” Ms Kabwela said.
She said the increased number of local and foreign exhibitors is an indication of growing interest that people have in ZITF and an endorsement of Zambia as a suitable country for investment.
Ms Kabwela said one of the major highlights of this year’s trade fair is the innovation park, where emerging entrepreneurs will showcase their talents and products.
Commenting on concerns of old infrastructure at ZITF, Ms Kabwela said the trade fair has a strategic plan to construct modern exhibition halls.
“We have set a target to have modern grounds by 2020 and the process has already started. So far, the National Pension Scheme Authority (NAPSA) and Zambia Information and Communication Technology Authority (ZICTA) have put up new structures,” she said.
Ms Kabwela, however, said the trade fair ground has 800 exhibition halls that cannot be renovated at once, but with the help of co-operating partners, the target will be achieved.
She said ZITF is working in partnership with the private sector, who have long leases to construct modern exhibition halls.

 



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