Express Cargo aims to list on the ZSE in 3 years

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TAWANDA MARWIZI

Express Cargo, a Victoria Falls customs consultancy company, is diversifying its operations as it aims to enlist on the Zimbabwe Stock Exchange in three years’ time.

The company was registered in 2011 as Estramma Investments, and trading as Express Cargo. Initially, it mainly focused on customs clearing of goods at the borders, at Victoria Falls and Kazungula.

The company’s director, Paul Shambare, says they are growing the business and spreading their wings to transport and entertainment.

“The company does not offer only clearing but customs consultancy, removals in bond and in transit,” Shambare says. “Express Cargo has grown from strength to strength over the years and now we have diversified our operations because there are some loopholes we are trying to dispense with. The diversification has seen the emergence of Express Entertainment, which is a music and events promotions company. It has also seen the birth of an Express Cargo trucking and transport division.”

Recently the company purchased 30-tonne haulage trucks for local and international operations.

“We want to make our company a bigger brand with plans to spread our three wings to all parts of the country. We have to take it up as young business people,” says Shambare.

“The company is on a rising path and I am humbled by the success of these projects. Express Cargo clearing division is a member of the Shipping and Forwarding Agents Association of Zimbabwe (SFAAZ). Our main target is to have the company listed on the Zimbabwe Stock Exchange,” he adds.

As part of the company’s corporate social responsibility, Express Cargo has been reaching out to underprivileged people, including the Chinotimba Old People’s Home in Victoria Falls.