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Zimbabwe’s Economy

A recovering Economy

From 2009 Zimbabwe’s economy has been recovering from a significant hyperinflationary period. The introduction of the US Dollar (as the primary means of exchange) in February 2009 brought relative currency stability to the economy which in turn resulted in increased investment and investor interest.

Major exports
Tobacco, gold, ferro-alloys, nickel, platinum, cotton lint, horticultural products, beef, maize, sugar, tea, coffee, clothing, footwear, furniture.

Major imports
Industrial machinery, industrial raw materials and chemicals, transport equipment, fuels and lubricants, electrical and electronic appliances and household goods.

Infrastructure
Zimbabwe’s infrastructure remains relatively good compared to other countries in the region, and our wide-ranging road and rail networks, as well as an established regulatory framework in most facets of business, have fostered an enabling business environment.

Power generation capacity remains constrained in relation to the country’s needs. Zimbabwe of a national demand of about 2 200 MW, the country can produce around 1 237 MW. Rehabilitation and expansion of national power stations (Hwange, Kariba, Harare, Bulawayo, Munyati), the national grid and transmission & distribution network are prioritised to improve energy supply to local firms. In recent years the Zimbabwean Government has also licensed private producers in the power sector.

 

This article was written by: admin