{"id":14138,"date":"2019-09-27T20:12:31","date_gmt":"2019-09-27T18:12:31","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=14138"},"modified":"2019-09-27T20:12:31","modified_gmt":"2019-09-27T18:12:31","slug":"zim-earned-us5-billion-in-9-months-industry-minister","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zim-earned-us5-billion-in-9-months-industry-minister","title":{"rendered":"Zim Earned US$5 Billion In 9 Months \u2013 Industry Minister"},"content":{"rendered":"<p>Zimbabwe generated close to US$5 billion from exports between January and September this year alone, a\u00a0<a href=\"https:\/\/www.pindula.co.zw\/Government%20officials\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>government official<\/strong><\/a>\u00a0has said.<\/p>\n<p>Speaking at the Employers\u2019 Confederation of Zimbabwe (Emcoz) annual congress in<a href=\"https:\/\/www.pindula.co.zw\/Bulawayo\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>\u00a0Bulawayo<\/strong><\/a>\u00a0on Thursday, Industry and Commerce Minister,\u00a0<a href=\"https:\/\/www.pindula.co.zw\/Mangaliso_Ndlovu\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Mangaliso Ndlovu<\/strong><\/a>, said that Zimbabwe, with its 16 million citizens, generates more than Kenya which has a population of 48 million. He said:<\/p>\n<p>When we look at our country the chorus has been that we have inadequate foreign currency.<\/p>\n<p>I think as a nation we need to have dialogue around our usage of foreign currency because we are a very small economy but we are using so much foreign currency.<\/p>\n<p>I don\u2019t understand why. When we look at between January to 6 September this year, foreign currency receipts are close to US$5 billion.<\/p>\n<p>Countries like Kenya generate not more than US$2,5 billion annually but it\u2019s a 48 million population.<\/p>\n<p>What is wrong with Zimbabwe? It then tells us that our foreign currency usage is a problem, that\u2019s something we need to focus on.<\/p>\n<p>But also when we look at our foreign currency receipts, the lowest hanging fruit are exports.<\/p>\n<p>Zimbabwe generates foreign currency mainly from raw materials, that include cash crops such as tobacco and cotton, and minerals such as gold, platinum, diamonds and chrome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zimbabwe generated close to US$5 billion from exports between January and September this year alone, a\u00a0government official\u00a0has said. Speaking at the Employers\u2019 Confederation of Zimbabwe (Emcoz) annual congress in\u00a0Bulawayo\u00a0on Thursday, Industry and Commerce Minister,\u00a0Mangaliso Ndlovu, said that Zimbabwe, with its 16 million citizens, generates more than Kenya which has a population of 48 million. He [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":14139,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[188,239,420],"class_list":{"0":"post-14138","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-bulawayo","10":"tag-economic-chaos","11":"tag-exports"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zim Earned US$5 Billion In 9 Months \u2013 Industry Minister - zimbabwe<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-earned-us5-billion-in-9-months-industry-minister\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zim Earned US$5 Billion In 9 Months \u2013 Industry Minister\" \/>\n<meta property=\"og:description\" content=\"Zimbabwe generated close to US$5 billion from exports between January and September this year alone, a\u00a0government official\u00a0has said. Speaking at the Employers\u2019 Confederation of Zimbabwe (Emcoz) annual congress in\u00a0Bulawayo\u00a0on Thursday, Industry and Commerce Minister,\u00a0Mangaliso Ndlovu, said that Zimbabwe, with its 16 million citizens, generates more than Kenya which has a population of 48 million. 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