Industry ministry pushes for IDCZ recapitalisation

THE Industry and Commerce ministry is demanding that Treasury releases its outstanding 2021 budget allocation, to recapitalise the State-owned Industrial Development Corporation of Zimbabwe (IDCZ), after it received a paltry $100 million from its $1,9 billion share.

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IDCZ, one of the country’s biggest conglomerates with scope to manufacture over 300 different products, has interests in fertiliser production, car assembly, glass production, real estate development and food processing, among other ve

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