SOUTHERN AFRICA – Zura Southern Africa, an American company, is set to establish a US$160 million multi-model international trade hub for Zimbabwe, Mozambique and Zambia (ZIMOZA), reported the Southern times.
The trade hub, is set to be constructed in Kanyemba, Zimbabwe, and is expected to boost business and trading relations amongst the three countries.
Kanyemba is a village in the district of Mashonaland Central in Zimbabwe that shares boundaries with Luangwa district in Zambia and Zumbo in Mozambique.
It is in this same area that also three rivers from these countries meet, Mwanzamutanda, Luangwa and the Zambezi River.
Kanyemba is in the process of being transformed into a border town by the government of Zimbabwe. It will not only be the nerve centre of development in Mashonaland Central, but neighbouring Mozambique and Zambian villages.
It is in line with the Kanyemba town development that the government of Zimbabwe has agreed to let Zura Southern Africa establish a trade hub.
Darren Moore, Zura Southern Africa founder, said he was excited to be part of those who are set to develop Kanyemba into a town that will benefit the whole of Southern Africa.
He also added that the trade hub project was the first of its kind to be approved by the US government in three decades, and he was ready to start the process as soon as he was given the green light.
“This is the first formally accepted project by the US administration in nearly three decades. We are 100 percent private and we are self-funding. The project will create an international trade hub between Zimbabwe, Mozambique and Zambia
“We are keeping it simple. The project is scalable and self-sustainable with solar power and establishment of a vocational school that will provide us with skilled labour. We will bring our best practices here.
“We will create a customs system that will be used by the three countries to make it easy for trading. We are here to build, own and operate to world class standards. We will safeguard fees and taxes owed to government. We are here to make a transparent, well-structured, run and accounted logistics operations,” Moore said.