AT least US$2,5 billion is required to increase industrial capacity utilisation to 75 percent by December 2025, a new survey shows.
According to the latest annual State of the Industry and Commerce Survey report, average industrial capacity utilisation in 2024 decreased to 56,2 percent compared to 58,5 percent in the comparable year.
The Zimbabwe National Chamber of Commerce survey report highlighted the El Niño-induced drought, low consumer demand, exchange rate distortions, and subdued access to foreign currency as the major factors weighing on capacity utilisation.