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Right policies will help cut imports

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The government of Zimbabwe says local industry can reverse the tide of rising imports, which increased to $2,87 billion between February and June this year, if supported by the correct policies.

This emerged during a Buy Zimbabwe-Zimbabwe Agricultural Society (ZAS) breakfast meeting a the Harare Agricultural Show.

Minister of Industry, Commerce and Enterprise Development Dr Mike Bimha, said the rising current account deficit was worrying and needs to be urgently stopped.

“It is evident that Zimbabwe exhibits great self-sustaining opportunities in different sectors, which include mining, agriculture, manufacturing, tourism and infrastructure, among others.