Edgars Q1 2024 Trading Update

Download Report

March 14, 2025

Carousel, a division of Edgars Stores Limited and a cornerstone of Zimbabwe’s clothing industry, recently hosted His Excellency, President Comrade Dr. Emmerson Dambudzo Mnangagwa, Vice President Dr. Constantino Chiwenga, Cabinet Ministers, top government officials, and corporate executives. This moment marked Carousels place as a major player in the countrys’ industry.

As a leading manufacturer of quality adult and children’s wear, Carousel’s state-of-the-art factory in Bulawayo stands as a powerful testament to local manufacturing excellence. The presidential tour showcased the company’s impressive capacity expansion, featuring cutting-edge machinery that has significantly modernised its operations. His Excellency, the President, was visibly impressed by the advanced technology and the substantial employment opportunities, particularly for women, that Carousel provides.

In his remarks, the President asserted that  he was impressed. By the standard of excellence that was portrayed by the company in his 1st ever visit to the plant. Mr. Mushosho, the Group CEO of Edgars Stores Limited, extended a warm welcome to the distinguished guests, emphasising Carousel’s integral role in Zimbabwe’s journey towards an upper-middle-income economy. He expressed gratitude for the government’s support, particularly the Clothing Manufacturers Rebate and duty-free importation of raw materials, which have significantly helped local manufacturing and strengthened Zimbabwe’s regional competitiveness.

Mr. Mushosho also commended the government’s resolute anti-smuggling efforts, highlighting their critical role in safeguarding local industries from unfair competition and substandard imports. He further called for sustained collaboration to address ongoing challenges, such as the influx of second-hand clothing, advocating for policies that foster a well-regulated market and protect domestic manufacturers.