Mugabe rule costs Zim US$96 bn

ZIMBABWE has lost a staggering US$96 billion in economic value due to economic misrule in the 12 years to 2012, a global research firm has said.

BY OUR STAFF

The Centre for Global Development said the economy took a tumble in 2000 after President Robert Mugabe’s government embarked on the fast track land reform programme.

It said just as the rest of Africa started booming, Zimbabwe’s economy contracted.

It said if the Zimbabwean economy had grown at Zambia’s growth rate of 5,3%, Gross Domestic Product (GDP) would have reached US$20 billion.

“Instead of plunging by roughly half, Zimbabwe’s real GDP would have doubled. GDP per person would have been more than US$11 000, instead of less than US$500,” it said.

“And the implied cumulative loss of economic value over these 12 years: US$96 billion.”

14 Responses to Mugabe rule costs Zim US$96 bn

  1. citizen March 30, 2014 at 4:31 pm #

    he still has another 4 solid good years to continue bleeding the economy. Hw can a leader choose to go to a farm just to see chickens feeding over going in person to tokwe mukosi flood victims? By the way he is also evicting pple during harvest time in Mazowe in order to expand his projects. No woder why corrupt individuals always go scot free. Nenyaya yako yekuisa ma retired as CEOs yawuraisa mhuri dzakawanda nenzara.

    • Mwanawevhu March 30, 2014 at 5:32 pm #

      Taura hako bhururu, this guys are commiting a real human abuse to their fellow countrymen. It looks like these guys are busy battling for positions and benefits in government at the expenses of the poor citizens. But isuwowo maZimba takaita sei? Why are letting these guys ride over our heads year after year? Are we too respectful or we are foolish or we have fear?

  2. Nyikayaramba March 30, 2014 at 5:10 pm #

    Ndagaya mushe, last month takapiwa ma payslip achiti ndawedzegwa mari. Apa vange vatenderera nyika yese vachiti march towana increment. Last minute yonzi haipo mari. Asi ku birthday nekumuchato ndakadya ndikaguta but mari iya dai imwe yakapiwa boys dzangu. Hachakodzeri kuita life president we zimbabwe ndofanigwa ku apologiser ku ma zimbabwean ese kuti ndakanyepa. Ko idzo boys dzangu kungobvuma here kuti mari hakuna shuwa, chiiko? Ndaimboziva vane action panyaya dzakadai.

  3. Zvamusina Kumbirai March 30, 2014 at 5:14 pm #

    Imbwa imbwa chero ikadya sadza sevanhu hazvishanduri humbwa hwayo. We don’t have other options for better as long as he lives. Everything he did is countable to the next generation and government to come. Imbwa pane nyama ikadya ikaguta Haiti dzimwe ngadzidyewo inorindira ipapo kugarira dzimwe dzingaswedera kuzodyawo ichiruma. Kusvika nyama yapera. Is the blow that we suffer as Zimbabweans. As long as there’s other country which give a hand no matter in which we have a dog waiting for all that. Which never looks over what it causes. The pain is only countable only if it is on his part of the body not on other people is not a pain. Why we have such a leadership without conscience. Almost 100 Billion dollars but not recognized as big damage. Oh Mugabe. But Why? What more do you need? Why?

  4. wy sayin shit March 30, 2014 at 5:56 pm #

    this man is ryt guys only thse journalist are stupid people l hate u u made Mugabe a bad while hez a good man

    • Neil April 1, 2014 at 9:08 pm #

      What the hell are you smoking? The WEST has bailed Zim out how many times? Zim use to EXPORT FOOD AND now you need help from other countries to feed your very own people, how many sim guys have come across to SA alone because of Mugabe, millions! And that is not because Zim is prospering for their people, You guys are incapable of fending for yourself and your leader has RAPED your country…. His living like a KING since he took over decades ago and where are you unless you are politically connected….. ?Nowhere!!!

  5. Mac March 30, 2014 at 6:52 pm #

    Those in the West hv the money. We in Zimbabwe hv a very good,intelligent and brave President whom we love and adore,but those in the West hate him to an extent tht they are mo thn happy to see us suffering fo standing by our President R.G Mugabe. Let them keep their money,we will stick with our President,the ONLY African President who presides over a truly independent country. Long Live Gushungo!!!!!

  6. Bob March 30, 2014 at 9:02 pm #

    Ndikafa muchasvitsa here maGDP figures amurikutaura aya………

  7. Elizabeth Diener March 30, 2014 at 10:07 pm #

    Whoever says Mugabe is good is a liar.

  8. Nikuved March 30, 2014 at 10:16 pm #

    uri benzi remhunu. Ndikakuona ndada kukupfekedza ma skirt hawukodzeri kunzi murume. Kuti wakamboenda kuchikoro here? Nhamo irimunyika ku povo vakuru vachikwira ndege kunge kombi. Urirombe remhunu

  9. Mhofellah March 31, 2014 at 11:14 am #

    we have to pray that God watches over our country we need a responsible leadership that are not lavish and they will continue to use taxpayers’ money to fly around the world for expensive medical trips nxaaaaaaaaaaaaah

  10. Siqoqodo April 1, 2014 at 9:26 am #

    the man is the worst disaster that ever happen to Zimbabwe.The people will suffer as as this goblin is alive

  11. ZVICHAPERA April 4, 2014 at 10:31 am #

    Who ever is supporting this knows dat he is gaining from what is wrong. ? Ruzhinji rurukutambura. Ruzhinji rotambira less than $300 asi vamwe vachitambira over $30 000. Mari inotorwa from those who earn less than $300 kubhadhara vanotambira over $ 30 000 then u say zvakanaka izvozvo?

  12. gwinyaz April 6, 2014 at 9:12 am #

    leadership is at many levels,abuse of office should affect the one manning the office this should open your minds on who to blame.The president have clear policies on what is expected out of us from the least financially empowered to the exploiters and most financially who do not respect fellow citizens who should benefit from same particular source.At the same time all the policies are crafted to raise everyone from the ground and for long term.Muchazoti tainge tiine diamond pasina Legacy pangosara makomba nekuramba 51% neCSOT on non replenishable resources.It should known that it is difficult to become someone with a good or better life without a plan.If you want to improve your life follow ideas from the President which suit your economic position now,do projections see the end results at starting so that you can comment success or failure at the end.Leaders lets be selfless leaders,the lead lets be innovative and multiply the little.

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