Zimbabwe: who’s next for ‘localisation’?
For two years Robert Mugabe’s Zanu-PF has been ratcheting up the pressure on foreign-owned firms demanding that they dispose of a minimum of 51 per cent of their shares to indigenous Zimbabweans. This...
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More bluster than substance in Zimbabwe’s indigenisation threat to banks
The Zimbabwe government’s latest threat to foreign business – this time foreign banks – is seen in Harare as bluster rather than substance. The instruction by Saviour Kasukuwere, minister for...
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Zimbabwe: $1bn bailout bet baffles Harare bankers
Since dollarisation in 2009, policymakers in Zimbabwe have failed to solve the problems created by weak banks in a bankrupt econokmy with an overcrowded financial sector. Policy – driven by politicians...
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Zimbabwe political violence: an insurance deal too far?
Who knew insurance could be so toxic? Two British insurers have pulled out of an agreement to offer cover against political violence in Zimbabwe, in a curious turn of events. Earlier this year,...
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Zimbabwe: diamond fiscal black hole
Zimbabwe hosted its inaugural diamond conference on Monday and Tuesday to promote the industry, but instead has become embroiled in fresh controversy around the country’s diamond sales and tax...
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Zimbabwe cuts growth forecasts, trims budget, prepares for IMF programme
For years Zimbabwe politicians have been prone to extravagant forecasts of the country’s economic prospects, embellishing projections with references to vast unexploited mineral wealth, limitless...
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Zimbabwe’s indigenisation policy: falling apart?
Zimbabwe’s beleaguered indigenisation policy has been dealt several big blows in the last few days. Alleged corruption, arguments over deal fees, calls for a parliamentary probe – and to top it all,...
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Zimbabwe: the next vote will have the economy at stake
On its own, the overwhelming “Yes” vote in Zimbabwe’s referendum on a new constitution means little. Indeed, it is no more than the first act of a drama that will unfold over the next few months as the...
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Zimbabwe: no vote before July – Biti
Zimbabwean president Robert Mugabe’s plan to hold a general election by June 29, when the current parliament will be dissolved, looks increasingly like a pipe dream. Do the maths and you’ll see that it...
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Zimbabwe’s elections: South African investors watch and wait
As Zimbabweans prepare to vote in Wednesday’s fiercely contested election, their neighbours in South Africa will be watching closely. Its outcome will set the scene for the development of trade and...
View Article[video] Challenges for Zimbabwe’s next leader
Despite a coalition government achieving some stability since 2009, the poor state of the economy is a pressing issue for voters and investors as Zimbabweans await the results of their first election...
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Zimbabwe plan: optimistic, to put it kindly
Mugabe: management-speak It’s a 15,000-word document setting out how the government will “prioritise its programmes… and address the country’s socio-economic challenges.” It’s one of the few...
View ArticleFive “mysteries” in Zimbabwe’s deepening crisis
Zimbabwe is suffering from capital flight, a liquidity crunch, regular power outages, falling commodity prices and other manifestations of an economic crisis. But beyond these well-documented woes,...
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Zimbabwe ponders the struggle to industrialise
As the world’s least industrialised region with a youthful and fast-growing workforce, African policymakers have for decades put industrialization at the top of their development agendas. To date,...
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Zimbabwe ducks wage bill pledge in new budget
Nobody expected more than a status quo budget from Zimbabwe finance minister Patrick Chinamasa when he presented his plans for 2015 this week. With revenue declining and the economy expected to...
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