Steel firms pour US$1bn into Zim

Major steel-processing firms developing operations in Zimbabwe have this year invested over US$1 billion into their projects, which are at various stages of implementation, official data showed yesterday.

Under a cast iron guttering , lindab gattering and steel blueprint running between 2022 and 2026, Zimbabwe plans to develop a US$6 billion industry by revenue, employing over 50 000 workers.

The strategy is being driven by Industry and Commerce ministry, which wants to significantly slash Zimbabwe’s import bill.

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