“Zimbabwe Lost Its Competitive Edge Over The Years” – Prosper Chitambara

Last updated on September 11th, 2021 at 03:14 pm

Prominent economist, Prosper Chitambara who is the Director at the Labour and Economic Development Research Institute of Zimbabwe has said that Zimbabwe needs to work on restoring competitive advantage lost over the years.

His remarks come when the Ministry of Finance and Economic Development is designing strategies to redirect the country’s economy on the track so as to attract investment and to boost production.

Chitambara said:

Zimbabwe is embarking on currency reforms which authorities claim will assume an essential role in reviving the economy.

The cost of doing business has been going up at an unparalleled rate due to challenges such as inflation, power cuts and water.