Freight Volumes Significantly Drop In 2019

Exports and imports volumes significantly dropped in 2019 as the economic crisis deepened the Daily News reports.

This was revealed by the Shipping and Forwarding Agents Association of Zimbabwe (SFAAZ) President Joseph Musariri who spoke to the publication and said:

Our sector operations are to a great extent a function of the industry capacity level in the country, to that extent, the sector’s performance has been largely subdued in 2019. Volumes have been low particularly for imports. There has been an increase in both imports and export controls.

Lack of foreign currency and low industry activity were the major challenges. There are no achievements to talk about. Outlook for 2020 still bleak, there is not much change expected from this year

2019 saw Zimbabwe’s inflation crossing the 100% mark as it was reported to be around 450% in November. 

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