Zimbabwe: One vast informal business
Zimbabwe: One vast informal business Downtown Harare. PHOTO Sadat Sanhehwe Zimbabwe’s economy has seen a drastic collapse since 2000. Once a fairly highly industrialised country, Zimbabwe is now a vast informal economy after the collapse of its once-thriving manufacturing and agricultural sectors. Industry is operating at 30% of its capacity. Since 2011, more than 6,000 companies have closed shop, rendering hundreds of thousands unemployed, according to a 2016 Confederation of Zimbabwe Industries (CZI) study. The CZI is the umbrella body of the manufacturing industry. Hundreds of thousands ...
Source: gga.org