Categories: Stories

Zimbabwe ranked 11th most advanced country in Africa

Zimbabwe has been named the 11th most advanced country in Africa according to information compiled by Insidermonkey using the 2022 global innovation index.

It says Zimbabwe has a gross domestic product of US$38 billion but its economy is primarily fuelled by the services sector.

Zimbabwe’s economy is however largely undocumented because it has the second largest informal economy in the world so transactions are generally conducted outside the formal banking system.

The top 10 African countries are:

  1. South Africa
  2. Morocco
  3. Tunisia
  4. Botswana
  5. Kenya
  6. Egypt
  7. Ghana
  8. Namibia
  9. Senegal
  10. Tanzania

See the Global rankings next page

(151 VIEWS)

This post was last modified on December 27, 2022 7:22 pm

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024