ZIDA launches game changing e-Regulations platform

📅 Published: August 17, 2025

Curated by AllZimNews.com

Speaking during a policy dialogue on Assessing the Economic Costs and Benefits for Zimbabwe from the AfCFTA in Harare Tuesday, Professor Makochekanwa said the country needed to manufacture more if it were to achieve its target of a middle income economy by 2030. “What backs a middle income economy is manufacturing; but now we have two products that are not manufactured making up 90 % of our exports.

There is no beneficiation, so Zimbabwe will not benefit because we specialise in wrong things that are not usable.

So there is no potential to benefit from the AfCTA even if the market is there,” he said.

He said only countries that had sound manufacturing industries were set to benefit from the AfCTA as most countries preferred importing manufactured or finished products.

Machekanwa said about 83% of Zimbabwe’s exports were going to only three countries, which portrayed a contracted export base a situation which was not healthy.

He noted that the manufacturing sector’s contribution to exports had shrunk from 18% in 2010 to 11% in 2018.

Zimbabwe can only effectively industrialise if there are deliberate policies to reduce costs of production and ensure utilities such as water and electricity are readily available at sustainable costs.

The current intermittent supplies of electricity in the country have worsened the situation as they are unnecessarily increasing costs for manufacturers who have to use alternative sources of energy. 🔗

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