LOCALLY y produced goods are now occupying over sixty percent of supermarket shelves up from just 30 percent in 2018, authorities said.
Industry and Trade minister, Mangaliso Ndlovu, said the resurgence is evident in the rapid development of the Sunway City Special Economic Zone, now home to over 40 companies.
On Wednesday, President Emmerson Mnangagwa commissioned two additional agro-processing plants at Davipel Holdings.
Ndlovu said Davipel's expansion reflects the success of the country’s national industrialisation policy, which continues to stimulate investment and strengthen local manufacturing.
“Davipel Holdings is one of many expansion success stories taking place in Zimbabwe. We have a duty to reduce the import bill, and that is exactly what is happening in the manufacturing sector,” he said.
Davipel Holdings chief executive, Davison Norupiri, attributed the company's sustained growth to the favourable business environment created by the government.
"We are excited to witness this growth story over the past eight years, during which we have created jobs, promoted value addition and enhanced technology transfer," he said.
Industry leaders say the continued growth of local companies is having a positive ripple effect throughout the economy by creating employment opportunities, increasing production and strengthening Zimbabwe’s industrial base.
- Mr President, you missed the opportunity to be the veritable voice of conscience
- ED to commission new-look border post
- Zanu PF ready for congress
- Zanu PF ready for congress
Keep Reading
Grain Millers Association of Zimbabwe chairperson, Tafadzwa Musarara, said the milling industry is experiencing renewed growth.
“Our milling industry is now on a growth trajectory, and Davipel is spearheading that revolution in the milling sector,” he said.
Zimbabwe National Chamber of Commerce chief executive, Christopher Mugaga said the recent rebasing of Zimbabwe’s Gross Domestic Product (GDP) reflects years of sustained industrial expansion and increased economic activity.
“The GDP has been rebased owing to industry growth over the years, and we are witnessing that as new industries continue to open, in line with the growth of the economy,” he said.
The resurgence of domestic manufacturing is also evident on supermarket shelves, where locally produced goods now account for about 80 percent of products available, compared to approximately 30 percent in 2018.
