Published on : Friday, February 10, 2017
The deputy prime minister of Zimbabwe Arthur Mutambara made various attempts to show that the troubled South African country’s problems were political through his comments. He made attempts to show how the economy depends on the political environment during his presentations. His statements hold true as shown apparently by the performance of the country’s tourism industry and its ability to attract fresh lines of credit. Zimbabwe, once a desired destination for foreign capital in Southern Africa with investments in agriculture, mining and tourism and the service industry, suffered a huge setback in around 2000 when government embarked on a fast-track land reform programme which displaced thousands of commercial white farmers. Thousands of white farmers lost their lands and investments. This spelled doom for the Zimbabwean economy. Zimbabwe’s penalizing tax regime, coupled with de-industrialization has forced the economy to depend on imports and devaluation of regional currencies against the US dollar, and has made the country an expensive and uncompetitive tourist destination. Statistics obtained from Zimbabwe’s aviation regulator, Civil Aviation Authority of Zimbabwe (Caaz) show around 1,47 million international and domestic passengers through its eight airports in 2015.
Hotels were running at about at 40% occupancies, and as a result, spelling doom for the tourism industry. Currently, the environment is not helpful because one can get to witness 20 roadblocks on their way to Victoria Falls and a tourist will share their experience back home.