Manicaland's economy grew to $3.2 billion from $1.46 billion in 2018, showing that more sectors are contributing to regional growth. The province ranks fifth nationwide behind Harare, Bulawayo, Midlands, and Mashonaland West. These figures represent 2023 data as officials still process current-year information.
The area's economy is becoming more balanced, with twelve major industries driving growth compared to just five previously. Manicaland achieved 6.6 percent growth last year, making it the second-fastest expanding provincial economy after Matabeleland North.
Tourism, communications, education, farming, and transport led the expansion. Agriculture contributes nearly 17 percent of regional output, with mining, retail, manufacturing, and real estate each adding about 9-10 percent. Officials want manufacturing to make up 30 percent of the local economy eventually.
The province has minerals, timber, tea farms, and tourism attractions, but lacks processing facilities. Diamonds mined in Chiadzwa and phosphate from Buhera travel elsewhere for processing, helping other regions instead of Manicaland. The area produces all national timber supplies but exports most raw materials without adding value locally.
Officials hope to leverage the province's location near Beira port and diverse agricultural zones suitable for coffee, macadamia nuts, bananas, sugarcane, and flowers.
The area's economy is becoming more balanced, with twelve major industries driving growth compared to just five previously. Manicaland achieved 6.6 percent growth last year, making it the second-fastest expanding provincial economy after Matabeleland North.
Tourism, communications, education, farming, and transport led the expansion. Agriculture contributes nearly 17 percent of regional output, with mining, retail, manufacturing, and real estate each adding about 9-10 percent. Officials want manufacturing to make up 30 percent of the local economy eventually.
The province has minerals, timber, tea farms, and tourism attractions, but lacks processing facilities. Diamonds mined in Chiadzwa and phosphate from Buhera travel elsewhere for processing, helping other regions instead of Manicaland. The area produces all national timber supplies but exports most raw materials without adding value locally.
Officials hope to leverage the province's location near Beira port and diverse agricultural zones suitable for coffee, macadamia nuts, bananas, sugarcane, and flowers.
