Zimbabwe's Manufacturing Sector to Boost Economic Growth With Over $1.4B in Expansion Investments This Year
Zimbabwe's Manufacturing Sector to Boost Economic Growth With Over $1.4B in Expansion Investments This Year
In 2024, manufacturing emerged as Zimbabwe’s top contributor to GDP at 15.3%, surpassing:
▫mining (14.5%)
▫retail (11.9%)
▫finance (10.8%)
▫agriculture (9.3%)
The shift, highlighted in the 2025 Mid-Term Budget Statement, reflects a broad surge in industrial activity across sectors such as steel, pharmaceuticals, and more, signaling growing investor confidence in the country’s economic reforms, according to state media.
According to Finance Minister Mthuli Ncube, the manufacturing investments are driving:
structural economic transformation,
import substitution,
job creation.
He underscored the sector’s resilience and the effectiveness of government policies, noting that manufacturing now accounts for 7% of formal employment, supporting approximately 3.2 million people.
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