Published: 20 January 2014

Government plans to restructure the Industrial Development Corporation (IDC) as part of efforts to revive the country’s ailing industry.

The corporation, wholly owned by government, plays a role of spearheading industrialisation in strategic sectors by adding value through industrial processes and capital formation.

However, the group, together with most Zimbabwean firms, has been affected by an economic decline characterised by limited credit lines, low savings, depressed investment, a huge external debt overhang and subdued productivity, among other constraints.
- dailynews

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