Siziba Thando
Health and environment reporter
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Buy Zimbabwe General Manager, Mr. Alois Burutsa, has raised alarm over the massive outflow of mining revenues from the country, revealing that of the US2.7 billion generated by Zimbabwe\u2019s mining sector in 2024, a mere US5.4 million was spent on local manufacturing.<\/p>\n\n\n\n
Speaking during a presentation titled “Harnessing Local Content to Drive Sustainable Industrialisation in the Mining Sector\u201d at the Mine Entra 2025 Conference in Bulawayo, Burutsa described the situation as a missed economic opportunity, noting that over US2.16 billion left the country through foreign procurement.<\/p>\n\n\n\n
\u201cThe key challenge is how to convert that US2.16 billion currently flowing to foreign suppliers into opportunities for local suppliers,\u201d he said.<\/p>\n\n\n\n
To address the issue, Burutsa proposed a multi-pronged approach, including the introduction of a local content rating system, local supplier development programmes, policy incentives and strategic partnerships between government, mining houses, and local manufacturers.<\/p>\n\n\n\n
He emphasized that local content must be treated not just as a patriotic gesture but as a strategic pillar for sustainable industrialisation and job creation.<\/p>\n\n\n\n
His call comes at a time when the country is seeking to grow its domestic manufacturing capacity and reduce reliance on imports, particularly in critical sectors such as mining.<\/p>\n\n\n\n
The Mine Entra 2025 expo, running from October 8\u201310, brings together key stakeholders in mining, engineering, and transport to explore investment, innovation, and industrial opportunities.<\/p>\n\n\n\n
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Zim GBC News\u00a92025<\/p>\n","protected":false},"excerpt":{"rendered":"
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