ZAMBIA: Leather Sector Needs Investment To Grow Says Survey
The survey, commissioned by the World Trade Organisation (WTO) and the United Nations Conference on Trade and Development (UNCTAD), indicated that for the sector to grow, producers must have access to affordable credit and technical assistance that would improve productivity and quality assurance.
The survey said that the leather sector needed more investment in processing and finishing.
The Zambia economic report for 2000 showed that leather and leather products contributed K46.6bn to the country's Gross Domestic Product, up from K44.8bn in 1999.
"The leather sector in Zambia has the potential to rapidly increase foreign exchange earnings each year but is hampered by a number of bottlenecks which include the lack of working capital, lack of investment finance, erratic supply of raw materials and the non-availability of inputs such as chemicals which are imported from South Africa and Europe," the survey concluded.
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