Zimbabwe's rusting factories put Mugabe in a bind


  • World
  • Friday, 15 Nov 2013

CHEGUTU, Zimbabwe (Reuters) - Across Zimbabwe, dozens of factories lie idle with peeling paint, rusting machines and broken roofs in once bustling industrial districts, symbols of the huge economic challenge facing President Robert Mugabe and his ZANU-PF party.

On the surface, things look rosy after Mugabe's landslide election victory in July: growth forecasts are looking more positive as agriculture recovers, inflation has been tamed and the stock market is starting to buzz again after some listless post-election trading.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. dollar ticks up
Turkish court sentences Syrian woman to life in prison over Istanbul bombing
Students at Stanford University hold pro-Palestine demonstration
At least 10 killed in hotel fire in southern Brazil
Interview: Hopes of rate cuts driving FTSE 100 rally, says LSE expert
Israeli shekel falls to over 5-month low against USD
UM Consumer Sentiment Index falls in April
Timeline: King Charles set to resume duties after cancer treatment
Over 1.9 mln people at risk of flooding across Ethiopia: UN
Roundup: Kenya allocates 30 mln USD for flood response as death toll reaches 70

Others Also Read