Zimbabwe's manufacturing sector just became the biggest slice of the country's economy after some government number crunching showed it hitting 15.3 percent of GDP, and factory capacity jumped from 52 percent to over 57 percent. Industry minister Nqobizitha Mangaliso Ndhlovu told a business conference in Bulawayo that companies have dumped more than a billion bucks into food processing, cement, steel, and beverage plants.
The government's pushing hard on green industrial policies because global markets are gatekeeping based on environmental standards, and African trade integration under AfCFTA means countries that can't produce sustainably are cooked. They're rolling out a new five-year industrial policy and a local content strategy while funding factory upgrades through some development fund, basically trying to get Zimbabwean manufacturers ready to compete in a continental market of 1.3 billion people.
The government's pushing hard on green industrial policies because global markets are gatekeeping based on environmental standards, and African trade integration under AfCFTA means countries that can't produce sustainably are cooked. They're rolling out a new five-year industrial policy and a local content strategy while funding factory upgrades through some development fund, basically trying to get Zimbabwean manufacturers ready to compete in a continental market of 1.3 billion people.
