
Zimbabwe’s Ministry of Industry and Commerce is intensifying its campaign to attract foreign direct investment, outlining several high-value opportunities to a visiting Danish business delegation this week.
Speaking at a welcome reception held at the Hyatt Regency in Harare, Permanent Secretary Dr. Thomas Wushe encouraged the investors to focus on key sectors, emphasizing the potential for significant returns as the nation seeks economic revitalization.
Dr. Wushe specifically invited investors to consider revamping the newsprint manufacturing industry, projecting, “a USD 5 million per annum newsprint industry can be re-established in Zimbabwe.”
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Beyond paper, the Permanent Secretary highlighted the entire cotton value chain, presenting it as a lucrative investment avenue for textile companies across spinning, weaving, and garment manufacturing. He also noted that the plastic and packaging sector is experiencing a boom, establishing itself as a high-growth area for new ventures.
Significant opportunities were also presented in the extractive and heavy industry sectors. Dr. Wushe advised the Danish delegation on avenues in the smelting and refining of platinum group metals. He stressed the transformative impact of the recently established Manhize Steel Plant, stating, “The recent establishment of Manhize is a game changer.” This establishment has created a new ecosystem of investment for downstream industries that utilize steel products.
Finally, Dr. Wushe urged the Danish investors to commit capital to renewable energy, particularly in solar and hydro projects, emphasizing the critical role these investments play in powering industrialization while ensuring safety for the ecosystem.
The reception forms part of the Ministry’s ongoing crusade to showcase existing investment opportunities, a drive that has seen a surge in efforts towards Rural Industrialisation.
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