Minister Mutsvangwa
The contribution of the value of manufacturing sector to the country’s total value-added products increased from 15.7% in 2019 to 18.4% in 2021 and is ranked third after agriculture and mining.
The Minister of Information Publicity and Broadcasting Services Monica Mutsvangwa says manufactured exports have increased in value from US$324 million in 2021 to US$366 million in 2022, with most exported products being food, manufactured tobacco, textiles
and packaging.
Speaking during post cabinet briefing yesterday, she said capacity utilisation increased from 47% in 2020 to 66 percent in 2022.
Mutsvangwa said the volume of locally produced goods in retail shops increased from 40% to 85% in 2022.
Speaking on power generation which is the heartbeat of the economy, she said cabinet noted with satisfaction that the Zimbabwe Electricity Supply Authority has announced the end to load-shedding as a result of interventions implemented by the Second Republic thereby fulfilling the mantra, Nyika inovakwa nevene vayo, Ilwize lakhiwa ngabanikazi balo.”
Zwnews
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More