News

“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.

Albert Echetah

Recent Posts

Trump chooses Elon Musk to head government efficiency department

Billionaire tech entrepreneur Musk, who has called for major spending cuts, has been chosen alongside biotech investor Vivek Ramaswamy to…

November 13, 2024

10 Must-Try African Dishes

African cuisine is a delightful combination of flavors, colors, and interlocking textures owing to the variety of cultures and areas.…

November 13, 2024

Somaliland Holds Elections, Reaffirming Self-Declared Independence

Somaliland voters came to the polls on Wednesday to elect a president as the breakaway Somali region seeks international recognition…

November 13, 2024

The 2025 Champions Trophy could be moved to South Africa if Pakistanrejects ICC conditions

The ICC Champions Trophy 2025 could be moved to South Africa if the Pakistan CricketBoard (PCB) rejects the hybrid model,…

November 12, 2024

Why the UAE is the Top InvestmentChoice for Africans and Others in 2024

In addition to the Middle East and North Africa, the United Arab Emirates is becoming asignificant hub for trade and…

November 12, 2024

UAE Emerges as a Major Aid Donor in Africa

The UAE has established itself as a key player in the global aid regime, especially inAfrican countries. According to the…

November 12, 2024

This website uses cookies.