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Zim's infrastructure is more advanced compared to other developing countries

by Business reporter
12 Oct 2011 at 06:54hrs | Views
According to the African Development Bank, the road density network in Zimbabwe is about 0.23km per square km of land area, which is high compared to many developing countries and is comparable to that of the high income, non-OECD countries and lower middle income countries.

The implication of this is that, a relatively high proportion of the population has access to the road network of the country. Further the bank notes that Zimbabwe has a very substantial road network relative to its gross domestic product (GDP), with an estimated replacement value of about $10 billion, almost three times the current GDP level.

The total cost of rehabilitation is estimated to be $2.7 billion, given the deterioration that has occurred with lack of maintenance.

Zimbabwe's infrastructure is more advanced compared to that of other developing countries; however the lost decade resulted in a significant deterioration. The rebuilding and rehabilitation of the infrastructure is however critical to drive economic growth. Government, local authorities and the private sector are thus participating in the economic rebuilding although the pace is being limited by the liquidity strain.

Imara, a regional financial services company operating in sub-Saharan Africa says it feels that there is insurmountable worth in the country's economy and recommend investors to buy into counters which are likely to benefit from the economic recovery including AICO, Dairibord, Delta, Econet, Innscor, M&R, OK Zimbabwe, Padenga and Seed Co.

Source - Imara Stockbrokers
More on: #Infrastructure, #ADB