GB braces for AfCFTA pressure

GENERAL Beltings (GB) Holdings says Zimbabwe’s projected six percent economic growth will drive demand in key sectors but cautioned that regional competition brought by the African Continental Free Trade Area (AfCFTA) will intensify pressure on local firms.

GENERAL Beltings (GB) Holdings says Zimbabwe’s projected six percent eco­nomic growth will drive demand in key sectors but cautioned that re­gional competition brought by the African Continental Free Trade Area (AfCFTA) will intensify pressure on local firms. AfCFTA, which commenced trading on January 1, 2021, cre­ated a market of about 1,2 billion people and established…

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