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New govt fails to spur confidence

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THE emergence of a new administration ushered in by a military intervention that forced former president Robert Mugabe out of power and replaced him with Emmerson Mnagagwa has failed to boost business confidence in the economy, a Confederation of Zimbabwe Industries (CZI) confidence report has disclosed.Zimbabwe’s economy continued to be ravaged by shortages of foreign currency, political uncertainty and a wait and see attitude by potential investors ahead of elections scheduled for July.

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