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Nothing has changed despite the introduction of SI 64 of 2016 says Buy Zimbabwe

6 years agoFri, 07 Jul 2017 07:59:32 GMT
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Nothing has changed despite the introduction of SI 64 of 2016 says Buy Zimbabwe

Buy Zimbabwe has complained that nothing has changed since the introduction of Statutory Instrument 64 of 2016, which banned the importation of several products which are locally available. Speaking at the 7th annual Buy Summit and Investors Forum in Victoria Falls, Buy Zimbabwe chief executive officer, Munyaradzi Hwengwere said:

SI 64 was a short term measure and it has not done much to deepen our local value chain.

Only a few products have an entire value chain. Zimbabwe used to manufacture glucose but not anymore, also not more than 20% of canned products are being done in Zimbabwe. The internal dynamics have not changed. Zimbabwe needs to grow not only in the local market, but also in the regional market by prioritising exports.

More: NewsDay

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