Context
President Mugabe administration had already redistributed the commercial farms owned by non-African farmers to poor native Zimbabweans. This policy ended up chasing some white farmers out of the country, leading to a lack of any new investment and a huge decline in farm output. In a short time, Zimbabwe went from a net exporter of food to a net importer. This led to a rise in food prices because less food was being grown and harvested. Because the prices of food were too high for most people to afford, the president then set price controls on many products, discouraging production of the products. Many of these same items were available on the black market which led to an increasing inflation rate.
Read more about this topic: Indigenization And Economic Empowerment Bill
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