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Home » Low exports plague industry
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Low exports plague industry

written by Adelaide Moyo, Group Managing Editor 0 comments
The group manufactures reputable brands such as Softex, Exide batteries and Eversharp among others as well as operating a timber business in Mutare..
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ONLY five percent of Zimbabwe’s manufacturing output is exported, largely due to high costs, competition from cheaper goods and the foreign currency retention policy, a new survey shows.According to the Confederation of Zimbabwe Industries (CZI) 2024 manufacturing sector survey, the high cost of doing business, shortage of raw materials and bureaucratic and costly export procedures…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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