Business Reporter
THE People’s Own Savings Bank (POSB) Thursday hosted an exports awareness seminar for local businesses in partnership with ZimTrade.
The seminar aimed at supporting government’s initiatives to boost exports and generate foreign currency for the economy and also provided an opportunity for local businesses to learn about the latest trends in export markets, appreciate the exports value chain and how they can take advantage of these trends to grow their businesses.
Participants were also enlightened on the various requirements and regulations that must adhered to when exporting goods and services to regional and international markets.
POSB CEO, Garainashe Changunda said the seminar is in line with the broad strategy to avail various export facilities to local businesses.
“As POSB one of our mandates is to promote exports to boost the country’s foreign currency generation efforts and economic growth. We understand the impediments that businesses face when it comes to exporting their products,” he said.
Changunda said POSB supports exporters through financial and non-financial services, including trade finance, foreign exchange services, export credit facilities such as pre-export loans, offering foreign payment solutions including MasterCard Services and provision of export documentation services such as Form CD1 which is the passport for physical goods and form CD3 for transport services, general services declaration forms (DSD) among others.
“Additionally we are partnering with like- minded organisations such as Zim Trade to offer export awareness training services to assist businesses overcome the challenges they face and raise awareness on how to export goods and services.
“Exporters play a pivotal role in our economy. They help create employment, increase foreign exchange earnings and contribute to the country’s economic growth .Zimbabwe has enormous export potential and POSB is committed to helping businesses take advantage of these opportunities,” said Changunda .
