Wealth fund pushes for local investment

Lending to MSMEs rose from 3,87 percent of total bank loans in September 2023 to 7,55 percent a year later.

MUTAPA Investment Fund has called for greater mobilisation of domestic savings and investments to ease Zimbabwe’s high cost of capital.Economists note that the country’s elevated capital costs are largely driven by inflation, exchange rate volatility and high interest rates imposed by the central bank to manage money supply.Speaking at the Confederation of Zimbabwe Industries’ Strategic…

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