Zimbabwe ranks poorly on competitiveness index

Zimbabwe has remained near-flat on the World Economic Forum (WEF) Global Competitiveness Index 2015-2016, ranking 125 out of 140 countries.

In the previous GCI, Zimbabwe has achieved improvement by seven notches and attained 124th position out of 144 countries, from 131st position in the 2013-2014 index.

But the report says there still some fundamental problems that the country should deal with in order to improve the doing business environment.

According to the index, the main concerns for Zimbabwe are "access to financing", "restrictive labour regulations", "inadequate supply of infrastructure", "inefficient Government bureaucracy" and "corruption".