The Common Market for Eastern and Southern Africa (COMESA) is considering a rescue package for Zimbabwean firms to restore productivity in key economic sectors.The arrangement is being made on the realisation that several local firms are experiencing funding challenges.
Comesa Business Council Forum Secretary General Mr.Â Trust Chikohora said the regional trading bloc is working on a financial rescue plan to bail out financially troubled firms.
Chikohora said: â€œWe are doing our best to raise the funds and we hope this will be positive.â€
Mr. Chikohora said members of the regional trading system are also assessing the financial requirements for local industry.
Local companies are in need of at least $5 billion to recapitalise operations and increase output in line with governmentâ€™s economic turnaround policies.