Zimbabwe’s manufacturing sector which should be the backbone of the economy is still operating at less than half its capacity. It therefore contributed only 7.6 percent of the country’s export shipments which amounted to $2.2 billion.
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Zimbabwe had a good start to 2011 with the key industrial index increasing by 6.9 percent in the first month. It stood in third place among the African markets, excluding South Africa, with Nigeria at the top having gained 10.4 percent and Mauritius second with 8.3 percent.
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Mining, which grew by 44 percent last year and contributed 65 percent of the country’s export earnings, is expected to grow by 44 percent this year.
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United States President Barack Obama asked the Southern African Development Community to put pressure on Zimbabwe for Mugabe to exit, six months after the formation of the inclusive government, according to one of the cables just released by Wikileaks.
(34 VIEWS)
Here is the list of South African companies with investments in Zimbabwe. If you would like to know more about these companies or their subsidiaries in Zimbabwe, please contact us. We charge a fee for that.
(453 VIEWS)
