The recapitalisation of the Industrial Development Corporation (IDC) as part of the government’s restructuring of parastatals is expected to create jobs, stimulate production, enhance competitiveness of the local industry and restore business confidence.

Newly re-assigned Minister of Industry and Commerce, Cde Sekai Nzenza welcomed the budgetary allocation of ZWL$368 million to her Ministry, of which ZWL$240 million will go to the IDC and its subsidiaries. She speaks on the allocation: