Buy Zimbabwe seeks 50% minimum local content requirement

BUY Zimbabwe is aiming to set a minimum local content requirement of 50% for public procurement in the shortest time to boost the country’s domestic manufacturing, NewsDay Business can report.

This comes as the government has been pushing to localise most of the products on the shelves, albeit, at a more affordable level than imported goods.

Speaking on the sidelines of Buy Zimbabwe Public Procurement Conference held in Harare last week, Buy Zimbabwe chief executive officer Munyaradzi Hwengwere said the country needed to be far more ambitious in its efforts to boost local content.

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