Local investment drives Us$1,5bln industry revival

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ZIMBABWE’S manufacturing sector is undergoing a significant revival, largely fuelled by local investment rather than foreign direct investment (FDI), according to the government.

The sector has attracted approximately US$1,5 billion, with home-grown investors leading the way.

Speaking at the commissioning of a new plant at Tiger Wheels, Industry minister Mangaliso Ndhlovu highlighted the pivotal role Zimbabweans are playing in this transformation.

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