Companies

​Zimbabwean firms urged to discard old equipment

Xinhua Financein HARARE
2018-12-05 16:26

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Zimbabwean companies have been urged to discard obsolete equipment, some commissioned during the World War II, and invest in new, cutting-edge equipment to improve production efficiency.

Higher and Tertiary Education, Science and Development Minister Amon Murwira said the companies must not waste resources trying to resuscitate the old and dilapidated machines but should replace them with new equipment, the Herald newspaper reported on Tuesday.

Most of Zimbabwe's companies are operating obsolete equipment which results in production inefficiencies and lack of competitiveness.

The ongoing shortage of lines of credit in the country has seen many companies failing to retool and acquire latest technology and equipment.
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