PLAYERS in the construction industry are pushing for an increase in budget allocation from the current two percent to at least 10 percent to unlock the sector’s full potential.
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Overall spending towards infrastructure, including devolution, for 2024 amounts to ZWL$10 trillion, comprising fiscal resources of ZWL$8,1 trillion, statutory and other resources of at least ZWL$1,4 trillion, development partner support of ZWL$189,9 billion, and loans of ZWL$322,2 billion.
Zimbabwe Building Contractors Association (ZBCA) president Tinashe Manzungu told The Financial Gazette that resource allocation through the pillar of infrastructure is supposed to be 10 p
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