Story by Stanley James, Business Editor
Zimbabwe’s construction industry is reaping the benefits of participating in government projects which accounted for over 70 per cent of business activities this year.
The construction sector is expecting further growth in 2023.
Mr. Emmanuel Chimedza president of the Construction Industry Federation of Zimbabwe said, “Indeed it was an eventful year although we faced some challenges. It is, however, gratifying to note that the government offered more viable opportunities to the sector during the course of the year.”
Building contractors are therefore focusing on viable opportunities.
“Late payments are a cause of concern, but of late, the government has been timeously honouring the obligations and we expect the trend to continue,” said Zimbabwe Builders and Contractors Association president, Mr. Petros Kagwere.
There is also hope the government will offer more business to local firms.
An architect Tsitsi Dzvukamanja, who is also the Zimbabwe Construction Industry Association president noted, “It is really an issue whereby the government has prioritised local operations that have seen us revive operations and go back to viability.”
Construction activities from the government and the private sector are being cited as important elements for economic growth.