Staff Reporter
Zimbabwe’s manufacturing sector continues to show robust growth, driven by government support, improved infrastructure, and strategic investments in machinery and equipment.
Official statistics indicate that capacity utilization in the sector is set to rise from 52.1% in 2023 to over 55% by 2025, signalling increased confidence and resilience in the economy.
In an interview with the media, this Monday, Minister of Industry and Commerce, Mangaliso Ndlovu, reaffirmed the government’s commitment to supporting local industry.
“We are dedicated to consolidating current gains and enhancing growth by building on the strides made. We will continuously evaluate progress through robust monitoring mechanisms,” he said.
The government’s targeted interventions, including improved power supplies and enhanced agricultural output, have played a pivotal role in stimulating the sector. Food processing and beverage manufacturing are among the key areas expected to benefit from this growth.
“Once again, it is through your support that we have seen it necessary to continue investing in Zimbabwe. We are committed to consolidating these gains and focusing on market needs,” said Varun Beverages chairman, Ravi Jaipuria.
Several manufacturing firms have initiated projects to upgrade their machinery and systems, resulting in over 80% of products now being locally available. This trend is expected to attract more investors to Zimbabwe’s growing industrial landscape.
“We have launched new products as a positive response to government initiatives and are now investing in solar panels to sustain current growth and diversify our market base,” said Confederation of Zimbabwe Retailers president, Denford Mutashu.
A combination of retooling funding facilities, a stable macroeconomic environment, ease of doing business reforms, and a willing buyer-seller exchange rate system has further bolstered the sector’s expansion.
The resurgence in manufacturing is also expected to reduce the import bill for groceries, saving foreign currency and strengthening the local economy. With sustained efforts, Zimbabwe is poised to achieve significant industrial growth, creating jobs and fostering sustainable economic development.