The fall of Mugabe may lead to huge economic growth in Zimbabwe. The one-time ‘Breadbasket of Africa’ may be on the verge of unprecedented economic growth if the current president Robert Mugabe is ousted. The country has seen many years of decline since Mugabe became ruler. Now maybe the time for the tide to turn.
Some Reasons For the Fall of Mugabe
During Mugabe’s virtual dictatorship, the country’s economy seriously declined. Inflation is currently running at 200% and unemployment is more than 90%. Its human rights record is appalling. Mugabe’s sacking of Vice President Emmerson Mnangagwa in favor of his wife Grace was perhaps the last straw.
This has been seen as a blatant attempt by Mugabe to ensure that his wife would become president after his death. The army appears to have decided that this was not to happen.
Zimbabwe New Dawn
Many commentators on this situation are referring to it as being a potential ‘new dawn’ for Zimbabwe. The country has rapidly declined under Mugabe’s rule as a dictator rather than a president. The army has claimed that Mugabe is being held for ‘his own safety’. However, it is patently obvious that his appointment of his wife as next president has not been well received.
The country is richly endowed with important minerals. Platinum and lithium, essential elements in electronic and mobile technology, are becoming increasingly more in demand. Particularly lithium, essential for smartphone and electric car rechargeable batteries. Mining companies that have been looking at Zimbabwe are now becoming more confident of being able to come to deals with the country.
Economic Growth in Zimbabwe Will Come Only After Corruption Ends
For now, however, investors will likely stand back and watch. Those brave enough may begin negotiation with the current temporary military leaders. However, corruption is likely to prevail for some time to come. Most business and investment opportunities are likely to arise once the military passes the country back to civilian rule. However, after the fall of Mugabe, neither Robert nor Grace Mugabe will be involved in the economic growth in Zimbabwe that is sure to come.