Zimbabwes Dollar inflation rate has already exceeded 1200%; the country is facing poverty and hunger with the food shortage and the agricultural production downfall since Mugabes decision to pass the white citizens fertile lands ownership to the blacks, in 2000.
Tourism is in real trouble since violence is rising against governments inability to contain the economic depression. Tourists are now fleeing the country to the neighbour poor Zambia that tourists think to be more peaceful.
The Zimbabwes Ministry of Industry admitted that the national industry is largely handicapped, as only 13% of the factories are operating above 75% of their total capacity, 32% are operating above 30% of their total capacity.
Now the situation is even worse with the increasing number of arrests of corrupt officials, revealing more inefficiency in the governments mechanisms and causing a loss of confidence in the countrys capacity to repair the ruined economy. The situation has reached an alarming level : people expect to pay bribes to get administrative documents, to subscribe in schools or to get jobs.
China has announced three weeks ago that she is willing to offer about US$500 million as a loan to help restore the Zimbabwean economy and support the countrys foreign currencys stocks; but specialists still have doubts about Chinas intentions by offering such a loan from one hand, and about the governments ability to manage the current situation, from the other hand.
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