Microfinance in Asia and Africa

Zimbabwe

Details about the country

General Economic analysis of Zimbabwe

▪ Zimbabwe is one of the most economically developed country on the African continent.

▪ Zimbabwe has only enjoyed recognized autonomy since 1980, so it is a fairly young political entity.

▪ Zimbabwe's economic system is one indicative of a transitional country, a country making the transition from dependency underdevelopment to self-reliant industrialization.

▪ The dynamics of underdevelopment to development in Zimbabwe are readily apparent.

Geography

▪ Zimbabwe is a landlocked country in the southern, sub-Saharan area of the African continent.

▪ Harare is Zimbabwe's capital and largest city with a population of 1,100,000.

People

▪ Zimbabweans are comprised of two primary ethnic groups, the Shona, comprising 74% of the population and the Ndebele comprising 20%.

▪ Other ethnic black groups and Asians make up 4% of the population while whites make up just over 1% of the population.

▪ Zimbabwe has a population of 10.35 million people with a population density of 24 persons per km2.

▪ Annual growth rate is declining with -15%.