In spite of its small Muslim population, South Africa has emerged as one of the largest producers of halal products worldwide. This is largely due to its strategic access to the rest of the African continent and the presence of highly advanced halal certification programmes. Impressively, 60 per cent of all products in South Africa’s retailers are certified halal. Driven by rapid urbanization and expanding cold-chain capacity, South Africa aims to continuously scale its halal-certified exports and reinforce its position as the premier gateway to Africa’s halal food and beverage market. The global halal ingredients market is booming, with its size evaluated at $99.71 billion in 2026 and expected to reach $196.84 billion by 2035. This places South Africa in a lucrative position to supply certified meat and food products across the Southern African Development Community (SADC) and beyond. Halal Travel Halal travel in Africa offers immense growth potential for the tourism industry. Muslim tourists globally represent a major, affluent niche market with a young demographic that is increasingly asserting its unique needs within the travel, tourism, and hospitality sectors. Tanzania, Zanzibar, and South Africa remain the most popular African destinations and are currently best equipped for the halal market. However, other emerging destinations across the continent are catching the eye of the intrepid traveler, even though underdeveloped marketing strategies remain a hurdle. Industry studies highlight that the top priorities for Muslim tourists are centered on the availability of halal food, family-friendly environments, facilities for religious practices, and gender-related nuances such as private pools. Global Muslim spending on outbound travel is robust, having exceeded $151 billion years ago and showing consistent year-on-year growth. While Africa still holds a small share of the global halal tourism market compared to Europe, tours to the continent have seen dramatic increases, signaling significant room for expansion. The success of halal tourism in Africa depends heavily on high population density, rapid economic growth, geographical proximity to GCC states, and the critical need for Islamic finance to fund major hospitality and infrastructure projects. Experts recommend developing unified mechanisms and standards for Islamic services covering all relevant financial and hospitality operations. Establishing strong ties with global Islamic finance centers in Malaysia, Dubai, and London, alongside creating independent monitoring boards, will be vital to ensuring the strict application of international Islamic standards. Islamic Finance Asset Growth Projections in Top 7 African Markets (2023 - 2030) © Africa Business Pages Source: Islamic Financial Services Board & Regional Estimates, 2026 Latest Developments in Islamic Finance in Africa As of 2026, the Islamic finance industry in Africa is experiencing a rapid phase of maturation, transitioning from a niche alternative to a central component of sovereign economic strategies. The global Islamic finance market grew by approximately 14.9% year-on-year in 2025, reaching nearly $5.2 trillion, and is firmly on track to cross the $6 trillion mark by the end of 2026. Africa is actively contributing to this momentum, with several African jurisdictions recording compound annual growth rates of over 20% in Islamic banking, signaling a meaningful geographical rebalancing of global Islamic financial activity. One of the most dynamic segments driving this growth is the Sukuk market. Global Sukuk issuance exceeded $230 billion recently, and this momentum carried into 2025 and 2026, fueled by sovereign funding and infrastructure investment needs. Importantly, new sovereign and corporate Sukuk markets have successfully emerged in countries like Tanzania, Zambia, and Kenya, marking a historic milestone in sub-Saharan Africa’s integration into global Islamic capital markets. Furthermore, countries like The Gambia are actively issuing short-term Sukuk Salam bills to manage liquidity and fund domestic projects. The landscape of Shariah-compliant digital banking and Islamic FinTech is also transforming the continent's financial inclusion metrics. Although Islamic FinTech represents a smaller share of total industry assets globally, its strategic significance in Africa far exceeds its size and is increasing materially in 2026. Cross-border Islamic FinTech platforms are opening micro-investment pools and facilitating digital distribution channels that connect underbanked Muslim populations with ethical, asset-backed financing. Regulatory harmonization and the gradual opening of new jurisdictions remain critical catalysts. Entering 2026, new African market entrants exploring or formalizing Islamic finance frameworks include Ethiopia, Ghana, Uganda, and Somalia, reflecting a surging grassroots demand for Shariah-compliant financial services. The Middle East and Africa region collectively accounted for nearly 70% of the global Islamic finance market share by geography in 2025, underscoring the continent's vital role in the industry's future trajectory. To sustain this double-digit growth, African nations are deepening their Islamic capital markets by developing liquid secondary markets for Sukuk and standardizing issuance structures to support broader investor participation. With a growing emphasis on ESG (Environmental, Social, and Governance) and green Sukuk issuance, African markets are increasingly aligning Islamic finance with sustainable development goals to attract capital from climate-conscious investors globally. Did you know? Global Islamic finance assets reached nearly $5.2 trillion in 2025, growing at a robust 14.9% year-on-year, and are projected to surpass $6 trillion by the end of 2026. Several African jurisdictions recorded compound annual growth rates well above 20% in Islamic banking during 2025, outpacing the global average. The emergence of new Sukuk markets in Tanzania, Zambia, and Kenya marks a critical milestone in Africa's integration into global Islamic capital markets. The Middle East and Africa collectively accounted for 69.82% of the global Islamic finance market size in 2025. South Africa exported $13.7 billion in perishable goods in 2025, supported by advanced digital cold-chain logistics essential for maintaining halal compliance and product safety. Looking into 2026, nations like Ethiopia, Ghana, and Uganda are expected to officially enter the Islamic finance sector to drive broader financial inclusion. Previous

Focusing on South Africa, initial studies state that Muslims represent approximately 2.3 per cent (or 1.3 million) of the population, yet contribute well over 10 per cent of the national GDP. Historically, only a fraction of this population utilized dedicated Islamic banking, but adoption has accelerated significantly. Islamic finance is rapidly gaining ground in South Africa. As the country boasts the most developed stock exchange and financial infrastructure on the continent, it is perfectly poised as a springboard for Shariah-compliant investment opportunities and penetration into the rest of Africa. In September 2014, South Africa made history by becoming the third non-Muslim country—after Hong Kong and the UK—to issue Islamic-compliant debt, setting a massive precedent for the continent. The $500 million sovereign Sukuk, jointly arranged by major global financial institutions, was four times oversubscribed, with investors from the Gulf Cooperation Council (GCC) securing over half of the allocation. Following the successful maturity of that initial bond in 2020, the National Treasury has actively pursued the diversification of its funding base. Strategic initiatives are currently underway to issue South Africa’s first domestic, rand-denominated Sukuk, aiming to expand Islamic finance beyond traditional banking and into the broader capital markets. Zambia Zambia has laid extensive groundwork to accommodate Islamic banking windows alongside its conventional banks. The government successfully launched Islamic finance guidelines to develop a robust regulatory framework, recognizing that Shariah-compliant financing can play a pivotal role in funding critical national infrastructure, agriculture, and manufacturing projects. Mozambique As a prominent member of the Islamic Development Bank (IDB) in the Southern African region, Mozambique has been a major beneficiary of targeted development capital. Since joining in 1995, the country has received hundreds of millions in investments, with dozens of active, IDB-funded infrastructure and agricultural projects currently driving domestic growth. Kenya Kenya is home to a Muslim population of over 14.5 million, and its Islamic banking sector has grown dynamically under the nation's Capital Master Plan. Kenya has adopted a robust vision for developing Islamic capital markets, leveraging ongoing capacity-building partnerships with GCC nations like Qatar. The regulatory environment has matured rapidly, allowing major international players like Dubai Islamic Bank to establish a strong presence in Nairobi. Uganda Uganda boasts a Muslim population of nearly four million. Following the government's approval of the Financial Institutions (Amendment) Bill, the nation successfully paved the way for fully integrated Islamic banking and finance. As a member state of the IDB, Uganda is experiencing surging interest from both foreign and local financial institutions eager to offer Shariah-compliant services to its citizens. Ethiopia There is extraordinary growth potential for Islamic microfinance in Ethiopia. With a vast segment of the population historically lacking access to formal credit and saving products, Shariah-compliant alternatives offer a massive inclusion opportunity. The government is actively refining its regulatory framework to build sector confidence, mirroring the success of Takaful (Islamic insurance) markets seen elsewhere in East Africa and Sudan. Halal Food The global halal food market achieved a staggering valuation of $2.95 trillion in 2025, with the Middle East and Africa accounting for over 20.6% of global revenue. While the Sub-Saharan African regional spend has historically focused on raw halal meats, the trend has shifted dramatically toward high-value imports and domestic production of halal franchises, prepared meals, and processed frozen foods, driven by a growing, affluent middle class. Overall Growth of Islamic Finance Assets in Africa (USD Billions) © Africa Business Pages Source: Islamic Financial Services Board & Regional Estimates, 2026 Latest Developments in African Islamic Finance In 2025 and moving into 2026, the African Islamic finance sector transitioned from a niche regional alternative into a systemically important component of sovereign economic strategies. The Middle East and Africa collectively captured roughly 69.8% of the global Islamic finance market in 2025, buoyed by compound annual growth rates that exceeded 20% in several sub-Saharan jurisdictions. With total global assets crossing $5.2 trillion, African nations are increasingly leveraging Shariah-compliant digital banking and mobile FinTech to drastically improve financial inclusion among unbanked populations. One of the most transformative developments has been the maturation of the African Sukuk market. Beyond early sovereign issuances by South Africa and Nigeria, new corporate and sovereign Sukuk frameworks have successfully launched in countries like Tanzania, Kenya, and Zambia to fund critical infrastructure, healthcare, and energy projects. Looking toward the future, new entrants such as Ethiopia and Ghana are formalizing their regulatory environments to fully integrate Islamic capital markets into their domestic growth agendas. Did you know? Global Islamic finance assets surpassed $5.2 trillion in 2025 and are projected to reach $6 trillion by the end of 2026. The Middle East and Africa region accounted for nearly 70% of the global Islamic finance market share by geography in 2025. The emergence of sovereign and corporate Sukuk markets in Tanzania, Zambia, and Kenya marks a critical milestone in sub-Saharan Africa's financial integration. Several African jurisdictions recorded compound annual growth rates in Islamic banking that exceeded 20% during 2025, heavily outpacing conventional banking growth. The global halal food market, heavily driven by Middle Eastern and African demand, was valued at $2.95 trillion in 2025 and is projected to reach over $6.3 trillion by 2034. Going into 2026, new African market entrants such as Ethiopia, Ghana, and Uganda are officially formalizing their regulatory frameworks to offer comprehensive Shariah-compliant financial services. Previous Next

The Zimbabwean economy boasts a highly diversified industrial base, transitioning from a predominantly agriculture-based model to one driven by strong manufacturing, mining, tourism, and services sectors. The main contributors to the national GDP include agriculture, manufacturing, mining, and a highly competitive, world-class financial services sector. Following historical land reform exercises aimed at creating equity in the distribution of the nation's natural heritage, the Government’s policy is now strictly focused on cultivating win-win investment partnerships. Driven by the overarching "Zimbabwe is Open for Business" mandate and Vision 2030, the nation is actively courting international capital to unlock the vast, untapped opportunities that remain across its critical sectors. Zimbabwe consistently maintains one of the highest adult literacy rates in Africa, averaging around 90%. This remarkable human capital makes it one of the best-endowed countries globally in terms of a skilled, adaptable, and highly trainable workforce. The ZiG Currency In recent years, Zimbabwe has experienced a remarkable degree of macroeconomic stabilization, anchored by the introduction of the gold and mineral-backed currency, Zimbabwe Gold (ZiG), in early 2024. This strategic monetary policy has successfully tapered inflation and restored market confidence. Coupled with significant tax reforms and enhanced revenue collection, the country is actively addressing its structural debts and engaging with the international development community to unlock further global financing opportunities. Looking at the near term through 2026 and beyond, Zimbabwe's real GDP is recovering robustly. The economy bounced back from the severe El Niño-induced drought of 2024, achieving an impressive 6.0% growth in 2025. This rebound is heavily supported by favorable agricultural conditions, record-high global gold prices, and surging foreign investments in the mining sector—particularly in platinum group metals and lithium, which are essential for the global green energy transition. Zimbabwe Real GDP Growth Data Source: IMF World Economic Outlook  |  © Africa Business Pages Strategic Global Partnerships Zimbabwe’s strategic shift in its global vision—historically termed the “Look East Policy”—has evolved into a comprehensive economic integration strategy. Friendly forces from South East Asia, alongside a renewed engagement with global partners, are aggressively identifying and capitalizing on investment opportunities within the country. This increased economic integration has been highly beneficial. The core competencies of Asian economies, particularly China, complement Zimbabwe’s industrial needs perfectly. By importing manufactured goods and capital equipment at competitive costs, Zimbabwe is better positioned to export its own high-value agricultural produce and critical minerals where it holds a massive competitive advantage. In spite of previous economic headwinds, Zimbabwe is successfully battling to meet its modern industrial needs and secure its position in the evolving global economy. Did You Know? The ZiG Currency: In 2024, Zimbabwe introduced a new official currency called Zimbabwe Gold (ZiG), which is uniquely backed by physical gold and a basket of foreign currencies to ensure market stability. The Smoke That Thunders: Zimbabwe shares the magnificent Victoria Falls with Zambia. Known locally as Mosi-oa-Tunya, it is classified as the largest sheet of falling water in the world. Ancient Stone Cities: The country takes its name from Great Zimbabwe, an ancient, sprawling stone city built in the 11th century that remains the largest set of ruins in sub-Saharan Africa. Green Energy Riches: Zimbabwe is centrally positioned in the global green energy transition, holding the second-largest known platinum and lithium reserves on the entire planet. A Multi-Currency Masterclass: Due to its unique economic history, it is common to see everyday transactions taking place seamlessly in a mix of US Dollars, South African Rand, and the domestic ZiG. 2026 Edition document.getElementById('ribbon-year-zim').textContent = new Date().getFullYear(); Zimbabwe Business Directory The perfect starting point for international exporters, manufacturers, and traders looking to establish direct B2B contacts in the lucrative Zimbabwe market. 6000+ verified business listings across Zimbabwe Classified under specialized Trade Sectors and Business Categories Perfect B2B Email Database for targeted marketing campaigns Instant digital download in MS Excel format Download Zimbabwe Directory

1. How do I obtain tariff information? Duties, excise taxes, and import levies can be obtained through the South African Revenue Service (SARS) or the Department of Trade, Industry and Competition (dtic). Because South Africa’s tariff schedule is organised by the Harmonised System (HS)—typically requiring an 8-digit tariff code—you must supply the exact HS number for your product to get an accurate rate. To obtain exact classifications, you can consult the official SARS Tariff Book online or contact the commercial section of the South African Embassy in your country. 2. What are South Africa’s import tariffs? South Africa adheres to the Harmonised Tariff System, assessing tariffs and import duties based on the customs value (Free on Board - F.O.B.). General import tariffs typically range from 0% to 45%, depending on the product category. For example, many capital and intermediate goods enter duty-free, while certain textiles, apparel, and automotive components attract maximum duty rates to protect local manufacturing industries. 3. Are other taxes assessed on imports? Yes. The most significant tax is Value-Added Tax (VAT), which is currently levied at the standard rate of 15%. VAT is calculated on the sum of the customs value, the applicable customs duty, plus a statutory upliftment (usually 10%). Recently, SARS eliminated the historical VAT exemption for low-value e-commerce imports, meaning the 15% VAT now applies to all commercial shipments regardless of value. Additionally, Ad Valorem excise duties are charged on certain luxury consumer goods like high-end electronics, vehicles, cosmetics, and jewellery. 4. Is an import permit required for my product? Most new goods are exempt from import control measures. However, you must apply to the International Trade Administration Commission (ITAC) for an import permit if you are bringing in used or second-hand goods, waste, scrap, radioactive elements, specified chemicals, or certain petroleum oils. Import permits ensure that these goods conform to South Africa's environmental, health, and safety standards and assist the country in combating the dumping of electronic waste. 5. Do I need a Certificate of Origin to export my product to South Africa? A Declaration (or Certificate) of Origin (Form DA-59) may be required for specific categories of goods, such as certain stainless steel items, motor vehicle air filters, and telecommunications apparatus. Importers will notify exporters if this form is needed; when required, an original signed copy must be attached to the commercial invoice. Additionally, to benefit from preferential or zero-rated tariffs under trade agreements like the AfCFTA or the SADC-EU EPA, a valid and formalized Certificate of Origin is strictly required. 6. Are other basic documents required? Basic documents required for clearing shipments through South African Customs include: Commercial Invoice Detailing the true transaction value of the goods. Bill of Lading Or an Air Waybill, depending on the mode of transport. Insurance Documents Comprehensive coverage documentation for the shipment. Detailed Packing List A comprehensive breakdown of the shipment's contents. Action Required: At least three copies of the commercial invoice should be sent to the consignee or their appointed customs clearing agent prior to the arrival of the goods to facilitate swift clearance. 7. Where can I obtain more detailed economic and commercial information? Detailed commercial, marketing, and economic information can be sourced from the Department of Trade, Industry and Competition (dtic), the InvestSA initiative, or major regional Chambers of Commerce (such as the Johannesburg Chamber of Commerce and Industry). You can also contact the economic attachés at South African embassies worldwide to gather macroeconomic overviews and sector-specific trade reports. 8. Do I need a local agent in South Africa to import my product? While a local agent is not legally required, it is highly recommended. South Africa offers foreign suppliers various distribution methods, including using local agents or distributors, selling directly to established retail chains, or establishing a local branch subsidiary. When appointing a distributor, take care to verify whether they handle directly competing products, as the South African market can be highly consolidated in specific sectors. 9. Who should I contact for on-the-ground commercial assistance? For foreign exporters, connecting with your country’s Commercial Service office stationed in South Africa (such as foreign trade missions located in Johannesburg, Pretoria, or Cape Town) is an excellent starting point. Provincial investment promotion agencies like Wesgro (Western Cape) and Trade and Investment KwaZulu-Natal (TIKZN) also offer substantial localized support and B2B matchmaking. 10. Who should I contact if I want to import from South Africa? You should contact the Economic/Commercial Section of the Embassy of South Africa in your respective country, or reach out directly to the various industry-specific Export Councils operating under the umbrella of the dtic. Did you know? South Africa’s standard Value-Added Tax (VAT) rate is 15%, which is mandatorily applied to all commercial imports. As of 2024, the previous VAT exemption for low-value e-commerce imports (under R500) has been eliminated by SARS to ensure fair market competition. All used or second-hand goods, including refurbished equipment, legally require an import permit from the International Trade Administration Commission (ITAC). Import VAT is calculated on the customs value plus the customs duty, followed by a standard 10% statutory upliftment. South African Customs utilizes a specific 8-digit Harmonised System (HS) code configuration to determine exact import duties. Luxury consumer items such as premium electronics, jewellery, and vehicles are subject to an additional Ad Valorem excise duty over and above normal customs duties. Related Videos