Manufacturing bigwigs told Zimbabwe's government to pump more cash into factories after the sector hit 15 percent of GDP but still got tiny budget scraps. Busisa Moyo from United Refineries said neighbors are throwing heavy support at industry while local funding sits at maybe eight percent of what private companies actually need, and he wants that gap closed before the country falls behind regional competition.
Credit to manufacturers barely scratches five to eight percent of GDP compared to India's 50 percent rate, which makes scaling up production rough when energy costs and capacity problems keep hitting. Foreign investment brought in around three billion through Zida, but getting to double-digit growth means needing closer to 15 billion in private sector financing, plus proper incentives that target equipment loans and pension fund backing.
Confederation of Zimbabwe Industries reps said Bulawayo factories face legacy problems that block expansion, and they want specific policy fixes addressing the city's industrial zone instead of watching development happen elsewhere.
Credit to manufacturers barely scratches five to eight percent of GDP compared to India's 50 percent rate, which makes scaling up production rough when energy costs and capacity problems keep hitting. Foreign investment brought in around three billion through Zida, but getting to double-digit growth means needing closer to 15 billion in private sector financing, plus proper incentives that target equipment loans and pension fund backing.
Confederation of Zimbabwe Industries reps said Bulawayo factories face legacy problems that block expansion, and they want specific policy fixes addressing the city's industrial zone instead of watching development happen elsewhere.
