THE People’s Own Savings Bank (POSB) will host a high-level Exports Awareness Seminar this morning as part of the bank’s broader strategy to support the government’s export development agenda and to empower local businesses with the tools and knowledge needed to succeed on international markets.
The seminar, themed Innovation and Strategies for Transforming Zimbabwe’s Export Competitiveness and Growth, will bring together key stakeholders from across the export value chain.
It will feature expert-led discussions on critical issues affecting the export sector.
Among the topics to be addressed are the challenges faced in exporting raw materials, export for beginners and how to start exporting, strategies for improving value addition of Zimbabwean exports, the role of export insurance through the Export Credit Guarantee Corporation and the current horticultural export landscape, including the procedure and importance of GAP certification.
A distinguished panel of keynote speakers and panellists, who include representatives from the Reserve Bank of Zimbabwe, the Agricultural Marketing Authority of Zimbabwe, the Horticultural Development Council, the Zimbabwe Revenue Authority and ZimTrade alongside other industry experts and seasoned exporters, is lined up for the seminar.
Their insights are expected to provide practical guidance and policy perspectives that help to unlock Zimbabwe’s export potential.
POSB chief executive officer Garainashe Changunda emphasised the bank’s commitment to supporting the country’s export sector.
“Exporters play a pivotal role in our economy. They help to 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. Through this seminar, we aim to equip exporters with the knowledge, tools, and networks they need to succeed on global markets,” he said.
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“As POSB, we believe the country has what it takes to compete on the global stage. But we must innovate and be ahead of the game. We must invest in quality, in compliance, in logistics and in partnerships.
“We must ensure that our exporters, especially small and medium enterprises, have access to the financial tools and knowledge they need to thrive. That’s why we are going beyond traditional banking to convene seminars to create a space where exporters, policy-makers, financiers and development partners can engage meaningfully, share knowledge and forge solution.”
Whether one is a seasoned exporter or just starting their export journey, Changunda said, POSB empowered businesses with tailored financial solutions and expert support, including corporate banking services, multi-currency accounts to facilitate seamless international transactions, competitive exchange rates, trade finance solutions including pre-shipment financing, working capital loans to fund production and preparation of goods for export, post-shipment and financing, among others.
The bank also offers letters of credit through secure and guaranteed payment mechanisms to reduce risks in international trade and efficient payment processing solutions.
To ensure broad participation, the seminar will be live-streamed on POSB’s official social media platforms, allowing virtual attendees from across the country to engage in the discussions in real time.
