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Source: chronicle.co.zw
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For many years, industrialists have warned about the ramifications of high costs of doing business in Zimbabwe, for instance.
Zimbabwe’s debt has spiralled from US$600 million in 1980, following protracted defaults.
The CZI boss said the manufacturing sector was now lagging behind other sectors in terms of contribution to gross domestic product (GDP).
In 2021, the Treasury reported that the country required at least US$40 billion in capital investment to attain an upper middle-income economy by 2030.