Is Zimbabwe in a crisis? Exclusive episode with ZNCC CEO Chris Mugaga | Friday Drinks

Join Tinashe and Rufaro for an exclusive episode featuring Chris Mugaga, CEO of the Zimbabwe National Chamber of Commerce (ZNCC). Is Zimbabwe in a crisis? Question from Tinashe to ZNCC: Is the government engaging with the business sector? ZNCC is actively raising concerns about the electricity crisis with the government. Approximately 60% of ZESA’s budget is allocated to administrative costs rather than to maintenance and infrastructure improvements, which negatively impacts electricity reliability. Solutions: Increased private-sector participation in the electricity sector as a potential solution to the ongoing electricity crisis. This includes recommending the removal or easing of certain regulations that hinder private investment. Delta loses US$74 million tax battle with ZIMRA. High taxation combined with currency complexity is creating a challenging environment for business growth and investment in Zimbabwe. Zimbabwe’s informal sector accounts for approximately 76% of the country’s economic activity, posing a significant challenge for tax revenue and formal business growth. Corruption: Goods enter Zimbabwe illegally through corrupt border practices, undermining local businesses and distorting market competition.