INDUSTRIALISATION is a central topic at this week’s Sadc meetings. Why such a subject should be on the agenda for a meeting in Zimbabwe is a mystery as the country has been vigorously engaged in de-industrialisation for years.
THERE has arisen an extensive discourse, and partly, literature, which speaks of the “end”, the “decline”, the “crisis”, the “decay” or at worst the “death” and, if anything, the “dearth” of African civilisation all mired in the loss of humanity.
DESPITE Zanu PF blaming lack of delivery during the country’s Government of National Unity (GNU, 2009 to 2013) on policy clashes and inconsistency, governance confusion remains a remarkable feature of the Zanu PF government which incidentally has abjectly failed to deliver on most key promises.
THE Zimbabwean economy is going through structural regression, with rapid de-industrialisation, burgeoning external debt, an over 85% formal unemployment rate and nominal growth due to declining investment and a biting liquidity crunch.
The first thing to do, if you want to cut the number of refugees from Africa and the Middle East dying while trying to cross the Mediterranean, is to drop leaflets all along the Libyan coast teaching them about ship stability.
President Robert Mugabe recently surprised South African President Jacob Zuma by admitting that the Zimbabwe economy is in a “dismal state” as reported by the Zimbabwe Independent last week.
I remember you from our days in Mozambique, when you worked at the Mozambique Information Agency and when you were editor of Tempo magazine and later of Noticias.
The IMF recently released the 2015 World Economic Outlook Report. I am astounded by the complexity of the forces shaping macroeconomic evolutions around the world and the challenges facing the global economy, especially in Europe and emerging markets more broadly. According to the IMF managing director, Christine Lagarde, “growth will be moderate and uneven”.
While the last 15 years have seen relatively high levels of growth driven by a commodity super-cycle and strong internal demand from a growing middle class, Africa is still dependent on commodities for most of its export earnings.
SADC leaders met in Harare this week to discuss a regional industrialistion strategy and roadmap at a time when Zimbabwe is undergoing massive de-industrialisation, amid company closures and job losses due to economic failure.