CZI Warns on Informal Sector Crackdown

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The Confederation of Zimbabwe Industries (CZI) urged the government to ease taxation on the informal sector, warning it could harm livelihoods without addressing deeper monetary problems. CZI Chief Executive Sekai Kuvarika told the Better Future 2025 Summit that raids on backyard businesses overlook the main issue, as currency instability drives citizens to hoard cash. Kuvarika noted that with 76% of GDP in the informal economy, currency reforms should come first.