Govt to help industry secure lines of credit

Govt to help industry secure lines of credit
Published: 24 October 2013
Government will explore all available avenues to secure affordable lines of credit to revive the manufacturing sector, Vice President Joice Mujuru said yesterday.

Addressing delegates who attended the Zimtrade exporters' conference in Harare, VP Mujuru said Government was seized with liquidity constraints affecting manufacturers, saying the economic policy to be launched soon would address some of the challenges.

"I would like to assure industry and commerce that Government is aware of the liquidity and supply side challenges that industry is facing," said VP Mujuru.

"Consequently, Government, will, through the Zimbabwe Agenda for Sustainable Socio-Economic Transformation explore all means to access affordable sources of funding to capacitate industry, to retool and to invest in new and relevant technology."

Zim Asset is a medium term economic blueprint that focuses on stimulating economy. The blueprint targets an average 7,3 percent economic growth in the next five years.

The conference was held under the theme "Value Chain Business Models: The Key to Export Competitiveness."
- herald
Tags: Creditline,


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