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A report launched by the African Development Bank (AfDB) aims to spark Zimbabwe’s economic development. Titled Building a new Zimbabwe: Targeted policies for growth and job creation, the report supports renewal and transformation of the country.

AfDB launches report on economic opportunities in Zimbabwe

The results in Building a new Zimbabwe are based on research of country, sector and thematic studies, offering economic analyses and policy recommendations that can help spark Zimbabwe’s transformation. The report provides the current government, the donor community, and the private sector with a detailed assessment of investment opportunities in Zimbabwe. It also offers alternative scenarios for infrastructure investment to the year 2030 and identifies sectors for potential investment to achieve sustainable and inclusive growth.

The Bank’s Lead Economist, Ferdinand Bakoup, says that Zimbabwe is generously endowment with natural resources, a stock of public infrastructure, as well as a comparatively skilled labour force. For him, “this is an unprecedented asset for the country to join existing supply chains in Africa via the African Continental Free Trade Area”.

However, he says measures are needed to increase the productivity of public investment, strengthen investor confidence, attract patient capital and develop special economic zones towards further improving the business climate, while continuing to safeguard macroeconomic stability.

“I have no doubt that the report can contribute to the overall efficiency of the development process in Zimbabwe. It will be useful in informing and supporting the government’s dialogue with donors and the business community about further development of economic sectors,” Bakoup says.

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