Could Mugabe’s departure herald an opening up of Zimbabwe’s agriculture sector to private investors?
As we write this letter, many Zimbabweans are recovering from a long night celebrating the resignation of their one-time liberation hero and longtime leader, Robert Mugabe. His ally-turned-rival and former vice-president, Emmerson Mnangagwa, is set to be sworn in as president on Friday.
After 37 years of brutal rule and economic mismanagement, frontier market investors also seem to be welcoming the change. “The transition from Mugabe to Mnangagwa could mark a major and positive shift and put Zimbabwe back on the foreign investor radar,” Hasnain Malik, head of equity research at Equitix Capital, said this morning.
This is an editorial I wrote for Agri Investor. Click here to read it in full