Zimbabwean manufacturing recovery gathers pace as exports jump 18%
via NewsDay Zimbabwe1 min read
Zimbabwe's manufacturing sector is experiencing a recovery, marked by an 18% increase in exports. This positive trend is observed despite challenges such as power outages and raw material shortages, which have impacted some operations, including ART, where exports and paper division volumes declined by 6% and 26% respectively in the third quarter to June 2022. The country is also focusing on other economic drivers, with foreign military attachés touring ARDA projects and praising Zimbabwe’s agricultural efforts, and the Bulawayo mayor actively seeking French investors. Vice President Chiwenga has called for industrial revival to protect the economy from global shocks, emphasizing the importance of youth, diaspora, and connectivity for growth. Meanwhile, the government is stepping up its crackdown on illegal gambling to safeguard licenses, revenue, and public trust.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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