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Industry ministry pushes for IDCZ recapitalisation

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THE Industry and Commerce ministry is demanding that Treasury releases its outstanding 2021 budget allocation, to recapitalise the State-owned Industrial Development Corporation of Zimbabwe (IDCZ), after it received a paltry $100 million from its $1,9 billion share. IDCZ, one of the country’s biggest conglomerates with scope to manufacture over 300 different products, has interests in…

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