Zimbabwe plans to keep helping factory owners through rules that match national goals for 2030. The government wants factories to work at full speed instead of sitting idle. Industry Secretary Thomas Wushe spoke at an event where business leaders released their yearly factory report. The report showed that some parts of manufacturing did well despite overall numbers dropping slightly. About 14 percent of factory workers have permanent jobs, showing the sector still creates steady work.
New companies less than five years old increased their output by 14 percent. Large companies grew production by 8 percent even though the whole sector fell just half a percent. The ZiG currency arrived in April 2024, bringing short-term stability before inflation jumped to 37 percent in October. Annual US dollar inflation averaged only 2.7 percent in 2024, much lower than the previous year. Factory exports rose from $324 million in 2021 to $448 million in 2023 before reaching $432 million last year.
The government wants companies to sell more products overseas instead of relying on local buyers. Only 5 percent of Zimbabwe factory goods went abroad last year, and just 29 percent of manufacturers feel ready to compete across Africa under the new trade agreement. Officials created a plan running through December 2025 focusing on better equipment, money, roads, power, and business partnerships.
New companies less than five years old increased their output by 14 percent. Large companies grew production by 8 percent even though the whole sector fell just half a percent. The ZiG currency arrived in April 2024, bringing short-term stability before inflation jumped to 37 percent in October. Annual US dollar inflation averaged only 2.7 percent in 2024, much lower than the previous year. Factory exports rose from $324 million in 2021 to $448 million in 2023 before reaching $432 million last year.
The government wants companies to sell more products overseas instead of relying on local buyers. Only 5 percent of Zimbabwe factory goods went abroad last year, and just 29 percent of manufacturers feel ready to compete across Africa under the new trade agreement. Officials created a plan running through December 2025 focusing on better equipment, money, roads, power, and business partnerships.
