'Zimbabwe loses $1 billion due to election anxiety'

Zimbabwe could have lost nearly a $ 1 billion to offshore accounts before the harmonised elections due to political uncertainty amid concerns that the country's liquidity situation could remain worse, a senior bank executive has said.

Addressing an analysts briefing in the capital on Wednesday, BancABC group chief operating officer Francis Dzanya said the country's liquidity situation had been deteriorating since March with independent analysts expecting the situation to worsen due to the contested outcome of the just-ended harmonised polls.