Zimbabwe After Mugabe, A look At The Economy
In November 2017, Emmerson Mnangagwa became the President of Zimbabwe. Many Zimbabweans had high hopes. Particularly, for better economic prospects but the reality has been sober, bordering on depression. Robert Mugabe and Emmerson Mnangagwa Source : france24.com About 9 billion U.S. dollars in debt to creditors, workers strike, power outages, mixed currency policy and further mounting inflation has done little to impress the masses. Mnangagwa started tackling the issues by re-engaging with the international community after years of diplomatic isolation. He brought new policies such as inviting investors to the country for business under theme "open for business." To prove this, the indigenization policy has been suspended. This was supposed to mandate foreign investors with businesses with a net asset value of 1 U.S. dollar to cede 51 percent equity stakes to indigenous. It didn’t work. ...