Engineering firms struggle to survive

A STAGGERING 158 companies in the engineering, iron, and steel sector deregistered in 2023, marking a 5 166,67 percent increase from the three recorded in 2022, according to a new report. The industries are a significant pillar of the country’s economy, generating over US$1,45 billion in exports and bolstering the much-needed foreign exchange reserves. However,…

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