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Zimbabwe's economy recovering: Mugabe
SABC
Posted on: September 9th 2017
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© SABC

President Robert Mugabe said on Friday that Zimbabwe’s economy, hobbled by foreign currency shortages and a widening budget deficit, was slowly rebounding and would be driven by mining and agriculture.

Without giving details, Mugabe told a meeting of the ruling Zanu-PF’s Soviet-style central committee that the former British colony was on the way to regaining its status as a regional breadbasket and was expecting a bumper harvest of the staple maize in 2017.

Zimbabwe generates half of its export earnings from mining, particularly gold and platinum, but diamond output fell to 961 000 carats last year from 3.5 million the year before, after the government seized all gem mining in the east of the country.

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