Business

Zambia’s exports to Egypt decline

KALONDE NYATI, Lusaka
ZAMBIA’S exports to Egypt have continued to decline standing at only US$1.2 million over the past five years.
Minister of Commerce, Trade and Industry Christopher Yaluma said goods worth US$1.2 million have been exported to that country compared to imports worth US$107.7 million.
Mr Yaluma said it is therefore important for Zambia to bridge the trade deficit by increasing awareness on the opportunities in that country.
He said when Egyptian ambassador to Zambia Ahmed Mostafa paid a courtesy on call on him, that Zambia’s exports to Egypt recorded a negative growth rate of about 85.5 percent between 2016 and 2017 while imports increased by about 13.1 percent during the same period.
Zambia exports cathodes and sections of cathodes of refined copper, hydraulic power engines, valves for control, drive axles, tobacco and Portland cement, while imports from Egypt are transformers, urea, parts and READ MORE


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