Zimbabwean Refinery United Refineries Targets Regional Exports to Zambia, Botswana, DRC
What happened
United Refineries, an agro-processing concern based in Bulawayo, is aiming to revive its exports to regional markets including Zambia, Botswana, and the Democratic Republic of the Congo. The company reported that its business was good in the first half of the year, and it is expanding its distribution beyond Matabeleland, Masvingo, and Midlands provinces.
From insiderzim.com
Why it matters
The company's recovery is aided by the Zimbabwean government's imposition of punitive levies on cooking oil imports, which includes a 40 percent customs duty and a 25 percent Surtax or $0.50 per litre. United Refineries is also on a recovery path after securing credit to refurbish its factory.
From insiderzim.com
Who's involved
- ZimbabweSovereign state where United Refineries operates and where import levies were imposed.
- ZambiaRegional market targeted by United Refineries for export.
- BotswanaRegional market targeted by United Refineries for export.
- Democratic Republic of the CongoRegional market targeted by United Refineries for export.
- governmentThe governing body of Zimbabwe that imposed punitive levies on cooking oil imports.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ZambiaSpeculative
Zambia might see increased supply and demand for cooking oil products due to United Refineries' export revival.
- BotswanaSpeculative
Botswana could see increased supply and demand for cooking oil products due to United Refineries' export revival.
- Democratic Republic of the CongoSpeculative
The Democratic Republic of the Congo may see increased supply and demand for cooking oil products due to United Refineries' export revival.
- ZimbabweSpeculative
Zimbabwe's local industry could benefit from the government's punitive levies, which favor domestic production.
Keep exploring
The entities involved
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Zimbabwe
sovereign state in southern Africa
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Zambia
country at the crossroads of Central and Southern Africa
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Botswana
sovereign state in Southern Africa
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Democratic Republic of the Congo
country in Central Africa
Related events
- Barrick Mining Corporation's Lumwana Super Pit Expansion contributes to the Zambian economy.
- A new oil processing plant is nearing completion in Bulawayo, Zimbabwe.
- Southern African countries are discussing agricultural policy, including shared best practices and calls for reduced reliance on food imports.
- A refinery project is rising in Lobito, Angola, with Namibia and Botswana considering stakes in the development.