Analysts believe that the honeymoon period is over after Zimbabwe registered favourable growth after dollarisation in 2009.
“With limited global portfolio investment capital available for frontier markets, Zimbabwe will have to assert itself as a viable and competitive destination for capital versus its peers in sub-Saharan Africa,” financial analyst, Dzika Danha, said.
However, the key to this will be a peaceful run-up to elections and the emergence of a defined macro-economic policy that is both conducive and attractive to foreign capital.
“We believe that corporate valuations in Zimbabwe remain attractive on a relative basis and reiterate that we still see value in Zimbabwean stock,” Danha said.
Post published in: Business