Business
After decade of decline, Zimbabwe poised for growth
Mugabe has been hit with international sanctions for suspected human rights abuses and vote rigging.
Consequently, Harare has been unable to attract even a small portion of the vast sums needed to rebuild infrastructure that has fallen into disrepair since the economy went into a hyperinflated tailspin from 2000.
However, Biti said Harare had attracted aid commitments worth US$618 million for next year, compared with just US$370 million in 2011.
The agriculture sector is also recovering from a slump triggered by Mugabe’s seizure about a decade ago of white-owned farms to give to landless blacks.
Biti said 2012 corn production should hit 1.8 million tonnes from 1.45 million this year. That figure is still below the 2 million tonnes analysts say are needed to feed the country’s 13 million people.
