GB braces for AfCFTA pressure

GENERAL Beltings (GB) says it will strengthen strategic partnerships and critical skills retention pro­grammes to remain competitive and take advantage of the Afri­can Continental Free Trade Area (AfCFTA).

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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