Zimbabwe: U.S.$500 Million Required for Re-Tooling - CZI

Zimbabwe is losing in excess of US$2 billion annually through the use of antiquated machinery while half-a-billion dollars is required for the industry's retooling, businessdigest has learnt.

Manufacturing industry capacity utilisation dropped 45,1% in 2017 from 47,4% weighed down by rising costs of production, foreign currency shortages, and expensive debt among other challenges.

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