Zimbabwe Infrastructure Report Q1 2015

Business Monitor International
December 10, 2014
93 Pages - SKU: BMI5405857
Countries covered: Zimbabwe

Zimbabwe Infrastructure Report Q1 2015

BMI View: Political uncertainty and lack of investor confidence continue to restrict development inZimbabwe's construction sector. The sector faces significant challenges not least in attracting investorsgiven the high levels of political uncertainty. The country's vast untapped resources offer potential rewardsbut given the low base size of the sector, the low rate of growth indicates little appetite for newprojects. The country's construction industry remains weak compared with regional peers, with averagegrowth over the forecast period (2014-2023) of 3.29%. To date, China has been the only substantial sourceof foreign investment, taking a more risk-tolerant approach to Zimbabwe's power sector.

Zimbabwe holds vast potential as a frontier growth market in Southern Africa. However, it has beenunderperforming, with many foreign investors put off doing business in the country due to President RobertMugabe and his regime. The mining sector, which is a key growth driver for the country's infrastructure, hasin the past been hit hard by indigenisation drives. With Mugabe expected to execute these as part of hisregime, there is much concern that the mining industry will not give its infrastructure counterpart thesupport it has previously been able to give. This, coupled with poor legal and regulatory frameworks, hasseen only the most risk-tolerant enter the country. We expect growth to continue to underperform over thenear team, with risks to the downside for the 3.4% construction growth that is forecast for 2014. Over thelonger term, however, there is upside potential.



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