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…
Low exports plague industry
The group manufactures reputable brands such as Softex, Exide batteries and Eversharp among others as well as operating a timber business in Mutare..