Business Reporter
Zimbabwe’s manufacturing sector is set to accelerate economic growth, after attracting over US$1,4 billion in new investments for expansions in 2025 alone.
Over the last few years, Zimbabwe’s economic growth has been driven by agriculture, mining, and tourism, supplemented by a significant services sector led by wholesale and retail trade.
Construction has also contributed significantly to the economic growth in recent years through major Government and private investments in infrastructure, housing, and public amenities.
But manufacturing has recently emerged as Zimbabwe’s top contributor to the gross domestic product, accounting for 15,3 percent in 2024.
It surpassed mining (14,5 percent), wholesale and retail trade (11,9 percent), financial services (10,8 percent), and agriculture (9,3 percent), according to the 2025 Mid-Term Budget Statement.
From steel and cement to pharmaceuticals and food processing, the wave of industrial activity signals renewed confidence in Zimbabwe’s economic reforms and the success of the country’s industrialisation agenda.
According to Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube, “These investments are driving structural transformation, import substitution and job creation as the nation accelerates towards Vision 2030.”
“We are witnessing unprecedented expansion across multiple value chains,” said Minister Ncube in a presentation at the ZANU-PF Annual People’s Conference in Mutare. “This growth reflects the resilience of Zimbabwean industry and the positive impact of policies implemented under the Second Republic.”
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