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Rushed Mnangagwa deal to cost Zimbabwe

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President Emmerson Mnangagwa

President Emmerson Mnangagwa

ZIMBABWE could lose approximately $1,1 billion in annual revenue if it ratifies the African Continental Free Trade Area (AfCFTA), inked by President Emmerson Mnangagwa in Rwanda about two weeks ago, experts have warned.
This comes as nearly a fifth of continental member states, including economic powerhouses South Africa and Nigeria, have refused to sign the deal.
Calls are growing louder for Harare to exercise caution as it could expose local industries to external attacks.

Read full story in The Financial Gazette paper


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