PAMLOMO-SAUTI YA JAMII

Chibamba Kanyama Zimbabwe, under the new leadership of the Robert Mugabe mentored President, Emmerson Mnangagwa, may take another ten years to marginally reverse the deteriorated economic fortunes that once anchored the Southern African country among the world’s emerging markets. The economic policy changes that started in the late 1990s, and focusing on land reforms, had a significant negative economic impact to the economy of Zimbabwe to an extent only transformational economic reforms can induce investor confidence and economic growth. By 2016, unemployment stood at nearly 90 per cent, inflation started to rise in the US dollar denominated currency, poverty levels at 75 percent, budget overspend at over 25 per cent, GDP growth rate barely rising above 4 percent while real incomes dropped by more than 70 percent in the past 18 years. Investor confidence is at its lowest and though there is an indication of endorsement of the new regime by leaders of some leading eco...