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· Zimbabwe has the highest country risk in the whole of Southern Africa and is considered riskier than neighboring Mozambique, which is facing insurgency, that has so far claimed over 1 000 lives
· Debilitating liquidity crunch, acute shortages of fuel and foreign currency, widespread company closures, dwindling investment inflows and runaway inflation which has surpassed the 800% mark, decimating pensions and incomes are the major pain points of the Zimbabwean economy
Zimbabwe has the highest country risk in the whole of Southern Africa and is considered riskier than neighboring Mozambique, which is facing insurgency, that has so far claimed over 1 000 lives.
This is the major finding of the Fitch Solutions’ Africa Monitor report of July. The report assesses short term and long-term political stability, economic outlook and operational barriers for doing business in the country. Zimbabwe ranks the lowest among nine rated countries in the region.
Debilitating liquidity crunch, acute shortages of fuel and foreign currency, widespread company closures, dwindling investment inflows and runaway inflation which have surpassed the 800% mark, decimating pensions and incomes are the major pain points of the Zimbabwean economy. Politically also President Emmerson Mnangagwa is upfront with a continuous slugfest with the opposition leader Nelson Chamisa. Mnangagwa had narrowly won the heavily disputed 2018 elections by a wafer-thin 5.6%. The controversial mandate is upheld by the Constitutional Court.
