Industry Is Certainly Growing – Ministry of Trade And Commerce

Referring to 3 Industries setting shop in Houghton Park, the Industry and Commerce acting permanent secretary Never Katiyo said there were indications that industry was growing, Daily News reports.

Said Mr Chitiyo:

Industry is certainly growing just in Houghton Park, Harare, alone we have had three indus- tries coming up and that’s a posi- tive direction. Yes, we have some stressed industries; we have those industries which are in need of financing in order to be resuscitated in order for them to grow.

Some are just above floating, but government has set aside some funds to make sure that these in- dustries don’t die and that they continue to grow.

Mr Chitiyo’s remarks were despite the fact that CZI is saying capacity utilisation has shrunk to below 40% in 2019 and some businesses recorded the lowest sales in 2019 since 6 years ago.

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