A new pricing system is the latest indication that Zimbabwe’s economic crisis is fundamentally changing how the country does business. Some vendors and consumers are praising the system – so why are the authorities discouraging it?
In a bid to boost local manufacturing, Zimbabwe in 2016 restricted imports of more than 30 goods, synthetic hair extensions among them. But the hair extensions are still available in markets, salons and beauty shops across the country. Locals are turning them into low-cost wigs for hair lovers.
Facing an acute housing shortage and the plummeting value of the Argentine peso, Argentina’s housing authority is touting a construction solution that would be both cheap and fast. But for the country’s construction industry, this solution may turn out to be a problem.
Cameroon’s startups have had trouble finding investment, and this year many were further hampered by the government’s three-month shutdown of the internet in English-speaking regions. Cameroon is hosting a series of meetings around the country to match startups with investors, but entrepreneurs are dubious.
New regulations that restrict trade between the sections of Kashmir controlled by Pakistan and India have created problems for businesspeople who trade fruit and other goods grown on either side. Trade numbers have dramatically lowered at the post, which the traders say hinders connections between family members separated by the border.
Palm oil is a standard ingredient in Congolese kitchens, but it’s also commonly used to make soap. Now, demand is outpacing production – and some families are getting priced out of the nutritional staple.
With China’s strong economic ties to Zimbabwe, study of the language is rising in popularity among students and professionals in the African country. Young people say a command of the language has enabled them to find jobs quickly, but some experts warn that the nation’s economic development has become too reliant on Chinese culture and language.