Zimbabwe

Zimbabwe Economic Outlook

  • Economic growth slowed from 3.8% in 2014 to an estimated 1.5% in 2015 as a result of weak domestic demand, high public debt, tight liquidity conditions, drought, poor infrastructure, institutional weaknesses and an overvalued exchange rate with projected negative inflation in 2016 and 2017.
  • The business environment improved according to the World Bank report, Doing Business 2016, with the country moving up 16 places to 155 out of 189 countries.
  • Zimbabwe has experienced reverse urbanisation in recent years as an economic slowdown hampered opportunities in cities.

Contacts

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge

Zimbabwe field office

African Development Bank Group
5th Floor Joina City
Cnr. Jason Moyo Ave/Julius Nyerere Way
Harare, Zimbabwe

Phone: (263) 4 752 917/838
Fax: (263) 4 779 398

Mr. Damoni Kitabire, Resident Representative