According to ZIMTRADE, the country’s export promotion agency, apparel and textile makers are on the verge of a spectacular comeback this year, as it opens up new prospects in five African countries after decades of continuous devastation marked by plunging output and job losses.
The agency announced last week that it was looking for new possibilities in Botswana, Zambia, Malawi, the Democratic Republic of the Congo, and Mozambique, bolstering a recovery that began in the first half of 2021, when sector exports increased by 76.62 percent.
ZimTrade Under the Sadc campaign to improve trade with regional economies, crucial deals had been inked around the exportation of suits, trousers, children’s wear and other products. Clothing, footwear and textiles exports increased by 76,62% to US$19,95 million between January-May 2021 from US$11,3 million during the same period in 2020. A strong external sector position is supportive of exchange rate stability, which helps the central bank’s disinflation strategy.