• Address :155 Kwame Nkrumah Ave. Harare, Zimbabwe
  • +263786731403 , +2630717403610
  • 155 Nelson Mandela Ave. Harare, Zimbabwe
  • +263786731403 , +2630717403610

Zimbabwe is open for genuine business…. not counterfeits!

$ 0 Needed Donation

Counterfeiting, smuggling is big business, it is a billion dollar business globally. In Zimbabwe counterfeit  and smuggled goods are found almost everywhere ranging from food and beverages, (both alcoholic and non alcoholic beverages), pharmaceutical drugs, vehicles, automotive spares, clothes, perfumes, footwear, toys, kitchenware, musical CD’s and handbags, chemicals, cell phones and accessories. The import bill of these products accounts to about 70%. Which means the bulk of foreign currency is wasted on these inferior quality products which are a drain to the national economy. Currently the import bill stands at 5.2 billion

Zimbabwe has become a safe haven of counterfeit and smuggled goods despite efforts to curb this illicit trade. This market continues to thrive across all sectors of industry. Trade in counterfeit, illicit and fake goods has become a formidable threat to businesses, consumers, Intellectual Property (IP) and the national economy. It undermines local investments because it creates an unequal playing field for the legitimate businesses and weakens efforts to attract foreign direct investment.

Lack of strong copyright and Intellectual property rights has resulted in the emergence of a shadow economy that thrives on copyright and IP theft. These counterfeiters do not pay any form of taxes to the government but siphon money into the black market and also takes away employment from the formal economy. The alternative form of employment is in unsafe, unhygienic, unregulated selling points and underground factories which manufacture products that are equally unsafe, unregulated that endanger the health and safety of consumers. This has played havoc on the social and economic well-being of our nation. According to…..In 2013 the total employment losses globally due to counterfeit and piracy stood at 2 to 2.6 million jobs and in 2022 it is expected to rise to 4.2 to 5.4 million jobs.

Zimbabwe has the potential to resuscitate its industry and become a manufacturing hub but Illegal trade in counterfeit products, copyright and Intellectual property crime and lack of will power to combat this evil menace, porous borders and inadequate enforcement mechanisms will continue to stall the government’s vision to be a middle income economy by 2030.