ZIMBABWE: Industry Struggling To Compete Against AGOA Beneficiaries
An unfavourable economic climate, a lack of investment in new technology, and continuous fuel and foreign currency crises have crippled the once-thriving textile industry in Zimbabwe. The country, whose textile and apparel plants were a showpiece in the southern African region in the 1990s, saw 45 companies in the textile and clothing sectors go out of business last year.
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