Chinese companies may fill void in Zimbabwe — BMI predicts

An international research institute, Business Monitor International (BMI), predicts that cash-rich Chinese companies could quickly jump in to fill the void created by Western firms likely to cease operations in the country because of the indigenisation drive.

The country has seen positive economic growth over the past two years, but political uncertainty and murky waters continue to retard further growth.

“Over the short term, there could be renewed weakness in mining sector output, as the country looks to introduce its indigenisation policy.

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