Zimfarmer retweetledi

I reckon I do business in more African countries than the average person, and I've learned to ignore such posts as they reflect poorly on the ground.
In short, if you think you're gonna make 6x more returns, even 2x more returns in Botswana than Zimbabwe because you saw a video on X, you're irredeemably screwed.
The average Zimbabwean consumer spends far much more in USD without relying on debt. It's an absurdly cash rich economy. Zimbabwe, DRC etc have extremely large & informal economies which are often completely ignored in these 'wealth statistics'.
There's a lot of bs propaganda out there, and you shouldn't fall for these misleading ramblings, especially in regards to outdated economic measurements like GDP. Any person with common sense can't compare Gaborone to Harare. The visual evidence is clear, Harare represents a much bigger economy. This is like those folks who say China doesn't actually have 1.5B people.
Saying X country, is 6x richer than Y country requires a lot of evidence & market experience in both places not things you read on the internet. Markets humble you. There are countries with great PR but very little business.
Africa is extremely complex and there are no one size fit all narratives. It's beyond dangerous to keep perpetuating lazy perspectives. It's why the Chinese & Indian businesses that come to Africa become obscenely wealthy, they ignore the noise & go straight for the bread.
Magatte Wade@magattew
Zimbabwe 🇿🇼: 5x richer than Botswana in 1960. Botswana 🇧🇼: 6x richer than Zimbabwe by 2011. Socialism vs free markets. The difference? Socialism vs free markets.
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