The Confederation of Zimbabwe Industries (CZI) says Zimbabwe’s Vision 2030 target of becoming an upper-middle-income economy will remain out of reach unless urgent and deep structural reforms are implemented.
Fresh data shows the informal sector now accounts for 76.1% of all economic activity a level economists say undermines tax revenue, discourages productive investment, and weakens the institutions needed for sustainable growth.
In its latest industry update covering January to June, CZI said macro-economic stability, ease of doing business, predictable regulations, and competitiveness are essential to drive industrial growth. Intellectual property protection, the lobby group added, is also key for innovation and investment.
“Developing complexity in Zimbabwe’s economy is a long-term task that depends on strong structural conditions,” CZI noted, warning that without formalising businesses and rebuilding value chains, industrial transformation will stall.
Between January and June, the association held 260 stakeholder engagements, with 41% focused on policy-related matters, including formal consultations and lobbying.
CZI is pushing for “Manufacturing for Manufacturing” a strategy to deepen local value chains from raw materials to finished products, increasing local content and export readiness.
