Reasons to do business in this African country

Spread the love

The Digital Diplomat Podcast Ep. 8 – Prelude is taking you on a journey! Can you guess where we’re headed to next?

Putting my own spin to visual podcasting to help you learn how to impact locally and build globally through digitalization.

Turn on your notifications. You’re in for a ride. And we’re just getting started.

Pictures included are from LUANAR-Lilongwe University of Agriculture and Natural ResourcesMakerere UniversityUniversity of Michigan World Export Development Forum 2019 workshops hosted by International Trade CentreAfrican Union.

Send questions to [email protected] before November 7th.

#digitalization #exporting #thedigitaldiplomat #USAfrica #trade #linkedintopvoices #youthmobilization #womenempowerment #deltasigmatheta

Zimbabwe Fact Sheet

  • A Home to 15.17Million people. Where 7.289 million (48%) are male and 7.889million (52%) are female. 
  • 16.2% increase in population since 2012. Thus, a 1.5% annual growth rate.
  • Covered 390,757 Square kilometres of land. With 3.88 million households, Zimbabwe has an average of 4 persons per household.
  • Zimbabwe Provinces;
    • Harare (16%.of population) Capital city 
    • Manicaland (13.4% of the population)
    • Mashonaland West (12.5% of the population)
    • Bulawayo (4.4% of the population)
    • Matabeleland South (5% of the population)
    • Matabeleland North (5.5% of the population)
  • Zimbabwe has 16 official languages. Mains are Shona (spoken 70%) & Ndebele (Spoken by 20%). 
  • English is the country’s Lingua Franca – Bridge language, Common language, and Trade language. Used in government and business and as the main medium of instruction in schools.
  • In 2021, Zimbabwe had a Gross Domestic Product of 26.22Billion USD.
  • 60% of which is generated from tertiary industries ie. The tertiary sector covers a wide range of activities from commerce to administration, transport, financial and real estate activities, business and personal services, education, health and social work.
  • Unemployment rate is 5.17%. A major improvement considering the 94% unemployment rate in 2008.
  • As of 2020, the total export value was 4,394,837,096 USD and the import was 5, 047, 868, 606
  • Major export destinations (2020) 
    • South Africa 1.73Billion USD (39%), 
    • United Arab Emirates – 20% (891 million US$)
    • Mozambique – 9.27% (407 million US$)
    • Uganda – 2.89% (127 million US$)
    • Belgium –  1.65% (72 million US$)

 

  • Major exports -products (2020)
  • 30% (1.34 billion US$): – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 22% (985 million US$): – Nickel and articles thereof
  • 18% (794 million US$): – Tobacco and manufactured tobacco substitutes
  • 15% (662 million US$): – Ores, slag and ash
  • 3.28% (144 million US$): – Iron and steel
  • 1.75% (76 million US$): – Sugars and sugar confectionery
  • Major import partners 
    • South Africa – 49% (2.48 billion US$)
    • Singapore – 10.8% (548 million US$)
    • China with –  9.32% (470 million US$)
    • India – 3.21% (162 million US$)
    • Mauritius –  3.2% (161 million US$)
    • Mozambique – 2.7% (136 million US$)
    • Zambia – 2.2% (111 million US$)
    • United Kingdom – 1.8% (91 million US$)
    • United Arab Emirates – 1.41% (71 million US$)
    • USA –  1.09% (55 million US$)

 

  • Major Imports –  Products
    • 16.1% (817 million US$):- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
    • 12.7% (642 million US$):- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
    • 10.3% (524 million US$):- Cereals
    • 6.46% (326 million US$):- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
    • 4.66% (235 million US$):- Fertilizers
    • 4.47% (226 million US$):- Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
    • 3.85% (194 million US$):- Plastics and articles thereof
    • 3.73% (188 million US$):- Pharmaceutical products
    • 3.72% (187 million US$):- Miscellaneous chemical products
    • 3.51% (177 million US$):- Articles of iron or steel

 

Food and Food Security

  • Main Zimbabwean cuisine is maize/corn and used in variety of dishes. However, the British Colonization left its mark – British spices, bread, sugar & tea have become part of daily life in Zimbabwe. Popular dishes include Sadza, Bota Dovi, Nhedzi, and Mapopo Candy

 

The HyperInflation (Economic Crisis) in Zimbabwe. What Happen?

  • The Hyperinflation began in February 2007. 
  • Though the government had stopped filing official inflation statistics, Zimbabwe’s peak month of inflation was estimated at 79.6 billion per cent month-on-month, 89.7 sextillion per cent year-on-year in mid-November 2008. 
  • Was during this period (in 2008) that the unemployment rate reached 94%
  • In April 2009,  Zimbabwe stopped printing its currency, and currencies from other countries were used.

Sources: https://en.wikipedia.org/wiki/Languages_of_Zimbabwe

https://trendeconomy.com/data/h2/Zimbabwe/TOTAL

 

 


Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *

Top

Need to get in touch with me as soon as possible? No worries! Here are the best ways to connect in a hurry:

SEND AN EMAIL
Share your best contact with me below!
I'll save your information so that we never loose contact.
Name(Required)
Share your best contact with me below!
I'll save your information so that we never loose contact.
Name(Required)