Economic Policies vs Industrial Success

The economy of Zimbabwe remains stagnant with many companies liquidated and others placed under judicial management. This has been revealed in an article in  The Financial Gazette which states that 87 companies liquidated in 2014.

Closed industrial notice

In such a situation Zimbabwe needs to act very fast in solving the problem of the closing companies and the final results which is the increased unemployment rate. Many people have resorted to vending in Zimbabwe to cope up with the financial problems. Graduates from universities and colleges have been turned into vendors by the situation in the country. This leaves the country with more informal traders that are not able to boost the industrial sector of the country. 

Bulawayo Industrial site

According to the ZimASSET economic blue print 2,2milliom jobs are supposed to be created in five years. The opposite of this is however taking place in the country.  Many people have been losing their jobs. These have been driven into the informal sector such as the vending. 

The ZimAsset economic policy needs funding to produce its fruits for the Zimbabwean nation. It has been also hard for Zimbabwe to get the funds needed to fully implement to economic blue print .The blue print is failing to either give jobs to the Zimbabwean citizens or even to save the economy. A new policy may be needed to help give jobs and also save the economy .

ZimAsset is a good economic blue print but it needs a well functioning economy to be implemented with success not a struggling economy.