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Industrialisation fund on the cards

written by Adelaide Moyo, Group Managing Editor 0 comments
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THE Ministry of Industry says the government will soon be launching the Industrial Development Fund to help firms upgrade their equipment and technology, reducing idle capacity.This follows after the Confederation of Zimbabwe Industries (CZI) 2024 manufacturing sector survey revealed that the country’s manufacturing sector capacity utilisation remained stagnant at 52,3 percent in 2024.From the survey,…

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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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