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Zimbabwean citizens among Africa's poorest: Survey

6 years agoWed, 05 Apr 2017 03:14:24 GMT
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Zimbabwean citizens among Africa's poorest: Survey

A survey by AfrAsia Bank has revealed that Zimbabweans are among some of the poorest citizens in Africa. According to the survey, Zimbabweans have an average wealth of $200 per person. This contrasts highly with citizens of Mauritius who were named the wealthiest in Africa. The Mauritians have an average wealth of $25 700 per person.

The report also notes that back around the year 2 000, Zimbabwe was one of the wealthiest countries in sub-Saharan Africa on a wealth per capita basis.

The survey attributed the decline to uncertainty about property ownership saying :

In Zimbabwe, business owners are unsure as to whether their businesses or property will still belong to them a year down the line, which creates a situation where no one will take the chance of investing in the country,

On-going political intimidation and the alleged fixing of elections in 2002, 2005, 2008 and 2013. The banning of the independent media in the early 2000s, which has created a situation where it is impossible for investors to tell what is happening there.

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