Tax incentives cut industrial costs by 40%

Zimbabwe’s Special Economic Zone incentives have cut machinery acquisition costs by roughly 40 percent, a benefit that Davipel Holdings says underpinned its US$12 million agro-processing investment at Sunway City.

Davipel chief executive officer Davison Norupiri said tax incentives should prioritise lowering the cost of industrial equipment to drive production and investment, rather than focusing mainly on rewarding profits.

“When we reduce the cost of acquiring machinery, we make it easier for businesses to invest in production, establish manufacturing operations and expand their industrial capacity,” Norupiri said

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