Political upheaval hammers Zimbabwe economy

Published: 07 February 2019
Zimbabwe's recurrent political turmoil-which took a turn for the worse after last year's disputed presidential election - is hurting the economy badly by amplifying negative perceptions about the country's risk profile, thereby deterring investment, analysts say.

This also comes as rights groups have reported that at least 12 people were killed, while 78 others were seriously injured after being shot by security forces during last month's deadly fuel protests.

Meanwhile, the inter-ministerial committee appointed by President Mnangagwa to assess damage caused by recent violent protests organised by MDC-Alliance and its affiliates visited various places in Harare yesterday, where victims gave heart-rending accounts of what transpired.

The committee is led by Industry and Commerce Minister Mangaliso Ndlovu and seeks to come up with a proposal on how best Government can assist the affected people. There will be similar tours in other parts of the country.

The team comprised Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa, Minister Ndlovu, Public Service, Labour and Social Welfare Minister Dr Sekai Nzenza, Youth, Sport, Arts and Recreation Minister Kirsty Coventry and Secretary for Information, Publicity and Broadcasting Services Mr Nick Mangwana.

- Fin Gaz
Tags: Zimbabwe, Economy,


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