The Herald

25 years ago

The Herald (Zimbabwe) - - Insight -

GUTU, 15 Novem­ber 1992. — The Gutu District Coun­cil says that devel­op­ment of Gutu-Mu­pan­dawana Growth Point has been ad­versely af­fected by the ab­sence of a strong in­dus­trial base while the tight mon­e­tary sit­u­a­tion pre­vail­ing in the coun­try has forced it to post­pone some projects.

The coun­cil is des­per­ate for money to boost the cen­tre’s flag­ging devel­op­ment pro­grammes. The money could be pro­vided through soft loans or grants.

A re­port pre­pared by the coun­cil says Mu­pan­dawana was heav­ily de­pen­dent on Gov­ern­ment loans to fund cap­i­tal devel­op­ment pro­grammes but in­ad­e­quate in­jec­tions of money blocked the speed devel­op­ment of the in­dus­trial and com­mer­cial sec­tors.

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