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CAMPFIRE was initiated in 1989 by the Zimbabwean government as a program to support community-led development and sustainable use of natural resources. [2] The 1975 Parks and Wildlife Act set the legal basis for CAMPFIRE by allowing communities and private landowners to use wildlife on their land, marking a substantial shift from colonial policy that made it illegal for local populations to ...
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On March 9, 2008, Zimbabwe's president, Robert Mugabe, signed the Indigenisation and Economic Empowerment Bill into law. The bill was passed through parliament in September 2007 by President Mugabe's party, the Zimbabwe African National Union-Patriotic Front (ZANU-PF), in spite of resistance by the opposition party, Movement for Democratic Change (MDC).
Another £100 million was granted for "budgetary support" and was spent on a variety of projects, including land reform. [31] Zimbabwe also began to court other donors through its Economic Structural Adjustment Policies (ESAP), which were projects implemented in concert with international agencies and tied to foreign loans. [25]
The Ministry of Public Service, Labour and Social Welfare is a government ministry, responsible for labour relations and welfare in Zimbabwe. Clever Nyathi was the incumbent minister until 2 December while the Joshua Malinga was appointed as the deputy minister for the portfolio of Social Welfare. [ 1 ]
The government propagated a whole range of new economic policies, introducing a minimum wage and virtually eliminating the right to fire workers. [9] Total spending on education nearly tripled (from Z$227.6 million to Z$628.0 million), as did government spending on healthcare (from Z$66.4 million to Z$188.6 million), between 1979 and 1990. [ 8 ]
ESAP and its successor ZIMPREST (Zimbabwe Programme for Economic and Social Transformation) caused considerable economic turbulence. [172] Some sectors of the economy did benefit, but the immediate results included job losses, a rise in poverty, and a series of exchange rate crises.
The economy of Zimbabwe is a gold standard based economy. Zimbabwe has a $44 billion dollar informal economy in PPP terms which translates to 64.1% of the total economy. [22] Agriculture and mining largely contribute to exports. The economy is estimated to be at $73 billion at the end of 2023. [23] The country has reserves of metallurgical ...