Dark side of BRICS Investment
In October 2013, Zimbabwe’s government released its economic blueprint for the next five years, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset). The policy focuses its funding on the BRICS. BRICS investments in Zimbabwe over the past decade have been often highly controversial and of little consequence to employment creation and revenue generation. BRICS nations make up Zimbabwe’s top three investors: China leads with investments of $374,8 million approved by Zimbabwe Investment Authority in 2013, followed by Russia with approvals from it worth US$40,1 million and thirdly, South Africa with US$39 million. In this report CNRG gives a panoramic view of BRICS investments in Zimbabwe.