Old Mutual, DHL partner to boost SMEs

CLOUDINE MATOLA

Zimbabwe’s largest financial services group, Old Mutual Zimbabwe,  has joined forces with DHL  GoTrade and  launched the Trade and Grow Beyond Borders Program, an initiative  designed to support exporting and export-ready SMEs and startups.

For over a decade, Zimbabwe has struggled  with high unemployment rate and poverty.

Lillian Mbayiwa, Head of Group Marketing, Public Affairs, and Sustainability at Old Mutual Zimbabwe, Lillian Mbayiwa  described  the initiative as  major step forward.

“It’s really exciting for me to be standing here before you today (Friday) to announce this very exciting partnership between Old Mutual, Eight2five and DHL. So we couldn’t have found a better partner for us to actually be driving this program. Together today we are launching Trade and Grow Non-Borders program, a certified course that is designed to support exporting, and export-ready SMEs and startups in Zimbabwe,
“Zimbabwe is home to a rapidly emerging entrepreneurial ecosystem, supporting startups and young entrepreneurs is crucial in addressing key challenges facing our country, such as unemployment, poverty, and the need for innovation across various sectors. Through the Trade and Grow Non-Borders program, we aim to empower local  businesses to not only survive but thrive at a global stage,” Mbayiwa said.

DHL Express country commercial manager Webster Marambanhaka  underscored  DHL’s role in helping  bocal businesses access international markets.

“We understand that local engagement is crucial and we are committed to empowering businesses in Zimbabwe while operating on a worldwide scale. Today we recognize the vital role that SMEs play in any economy, not just in Zimbabwe. But globally, SMEs are the backbone of any economy, contributing significantly to job creation, innovation, and economic diversification. By facilitating access to international markets, we can help these enterprises scale their operations, enhance their competitiveness, and untimely contribute to a more robust domestic economy.
“When SMEs engage in international trade, they not only expand their customer base but also access to new technologies, best practices, and investment opportunities. This cross-border trade fosters a culture of innovation and resilience, allowing businesses to adapt and thrive in ever-changing global landscapes,” he said.

The trade and grow beyond borders will empower 300 SMEs and startups and there will be workshops and online sessions starting March 2025. There will be four in-person sessions in Harare and four online sessions starting in  the second quarter.