On the economic front, Zimbabwe continued to backtrack in terms of performance at the end of last year. The country is defined by low foreign reserves, a high level of bond notes in circulation, an elevated public wage bill and unstable monetary policy, according to Francois Conradie, head of research at NKC African Economics. “It has to be said though that we are more positive about the country economically than ever before. At face value Mnangagwa seems to understand what the most destructive counterproductive measures were under Mugabe – especially on the bond notes and the indigenisation laws.” He said major reforms were expected in coming months.
