Zimbabwean Family Businesses Eye UAE for Growth and Funding

Zimbabwean family businesses are increasingly turning to the Gulf for growth, following a high-level Zimbabwe Family Business Summit held in Harare on Thursday. The event, backed by the Zimbabwe Business Council UAE (ZIBCO) brought together local entrepreneurs and UAE-based business leaders to explore practical pathways for establishing a presence in the Emirates. Participants said the Emirates’ economy is structured to accommodate family-owned enterprises, particularly those from Africa.

They also praised its efficient systems for business registration, residency approvals, and its understanding of African business environments. “It opened our eyes to the fact that some of the challenges we face are not unique to Zimbabwe. The UAE presents access to funding and markets beyond our borders,” one delegate said.

UAE-based experts outlined concrete financing structures available to Zimbabwean firms. Ms Anissa Boulahya, CEO of Dawia Family Office in the UAE, said banks — both local and international — are open to financing Zimbabwe-linked ventures, especially where companies establish treasury or distribution centres within the Emirates. She highlighted trade examples often cited by the Dubai Chamber of Commerce, noting that Zimbabwe has emerged as a key exporter of blueberries to the UAE, with produce also re-exported to markets such as Japan.

[paywall]

Leadership and legacy business mentor Ms Warsha Joshi described ZIBCO as a critical gateway for Zimbabwean businesses seeking structured entry into the UAE market. She urged entrepreneurs to leverage its established B2B and B2C networks. Council representatives reinforced growing trade ties between the two countries, revealing that the UAE has been Zimbabwe’s largest export destination for two consecutive years.

[/paywall]