Zimbabwean manufacturers bemoan cash crunch

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Confederation of Zimbabwe Industries president Busisa Moyo says more companies face closure if no solution to Zim crisis is found. (Memory Mataranyika)
Confederation of Zimbabwe Industries president Busisa Moyo says more companies face closure if no solution to Zim crisis is found. (Memory Mataranyika)

Harare – Zimbabwean manufacturers want a speedy resolution to the payment backlogs and the costing structure of the business environment that has crippled companies and businesses.

A dollar crunch has worsened the liquidity situation in Zimbabwe and Busisa Moyo, president of the CZI said on Wednesday afternoon that companies were facing procurement and supply problems as a result of this.

“Companies are unable to supply products and to procure goods for production,” Moyo said.

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