Still, the short-term economic picture appears bleak. “For the majority of the population living in poverty, nothing will change from the near-term to improve their standard of living,” said Alisha Patel, Africa analyst at AKE. “There are significant uncertainties over a transitional government in addition to a time frame for elections. Before talk of IMF funding in addition to a resumption of ties with Western donors can even begin, the victors of This particular coup will need to restore the constitutional order.”
As a pariah state, Zimbabwe has turned east in addition to relied on China for billions in funding in addition to loans — Beijing invested in more than 128 projects from the African country between 2000 in addition to 2012, according to the South China Morning Post. China’s ambassador to Zimbabwe told CNBC that will Beijing can be concerned about the situation, in addition to wants that will ended quietly.
Ultimately, Zimbabwe’s growth depends on what kind of government results coming from the current upheaval, said Theophilus Acheampong, Zimbabwe analyst at IHS Markit.
“Improvement from the liquidity in addition to FX flows over the medium-term, possibly driven by increased agricultural output, (could) improve electricity supply in addition to minerals production,” Acheampong told CNBC. “Mwangagwa’s allies coming back to government means that will these proposals are likely to go ahead as the country carves a brand new image for itself on the political in addition to economic front with various pro-business reforms that will will attract FDI into the country.”