HARARE – Removing ghost workers from the civil service payroll could be one way of improving the moribund economy, top stockbroking firm Imara Edwards Securities has said.
In an analysis of the economy distributed to international investors, Imara Edwards says the
Zimbabwe is believed to have an unemployment rate of more than 80 percent despite the fact that industrial production has improved from about 20 percent to 40 percent, according to the Confederation of Zimbabwe Industries.
Imara, currently led by Tadious Kasaira, says First Quarter 2011 performance was impacted by limited revenue inflows, subdued performance for industry, a widening trade deficit and high levels of unemployment.
In an exclusive interview, the Minister of State for Economic Planning and Investment Promotion, Dr Samuel Undenge, told The Zimbabwean that
However, there are no sanctions against Zimbabwe only targeted measures against Zanu (PF) individuals and related companies responsible for human rights abuses against the people of Zimbabwe.
Analysts say that although per capita Gross Domestic Product is still very low, the country still enjoys a number of advantages which make growth likely.
The International Monetary Fund (IMF) has noted that the macro-economic outlook for 2011 in Zimbabwe remains
Chamber of Mines of Zimbabwe President, Victor Gapare, says Zimbabwe will this year produce only nine tonnes of gold, down from more than 13 tonnes produced previously.
Post published in: Agriculture