Zimbabweâ€™s beverages sector has accelerated the growth of the manufacturing industry since January this year in spite of capital constraints affecting productivity.Despite the countryâ€™s manufacturing sector being affected by funding constraints, the beverages industry has thrived.
Industry and International Trade Minister, Professor Welshman Ncube says the growth of the manufacturing industry is mainly being dominated by the beverages sector which has accounted for at least 43% of the sectorâ€™s overall growth in productivity from 35% last year to 52, 3% by October this year.
Professor Ncube said despite the growth of the beverages industry, some manufacturing companies are still reeling under capital constraints leading to depressed productivity levels as well as export receipts.
â€œThis sector is now critical and we hope it can do more,â€ said Professor Ncube.
The growth of the beverages industry output has also been reflected in the 2012 National Budget where statistics show that the sector is leading in terms of excise duty, PAYE and corporate tax contributions to the treasury.
Zimbabweâ€™s manufacturing industry is this year expected to grow by 10% from 7% recorded last year on the back of improved business confidence and stable economic climate.