Zimbabwe: We Need New Names

My African book project is starting to wrap up with We Need New Names: A Novelby NoViolet Bulawayo. It’s a coming of age story about modern Zimbabwe, involving a young girl whose childhood is spent in a nation in disarray. She eventually leaves for the United States, and then has to deal with the complications of race and assimilation.

To be honest, I didn’t love the book, and a few notes rang false. It’s an African novel for an American audience, and it felt stereotypical – like Americanah with characters who have less money. At one point, the children break into the house of a wealthy white resident, who has portraits of Queen Elizabeth and Cecil Rhodes on the wall. That seemed like a forced symbol.

I’ve simply read too many novels of this genre in recent years, while doing this. That’s what the market wants, and I can’t blame a writer for going after the market. I was in the mood for something new.

Zimbabwe is notorious in financial circles because of the country’s legendary hyperinflation. The government printed so much money to meet its obligations that its currency became worthless. Zimbabwe hyperinflationRight now, a hodgepodge of international currencies fill in for the worthless Zimbabwean dollar.

Zimbabwe’s economy is small – GDP is $2100 per person – and it is tied to mining and agriculture. The nation has had only one ruler, Robert Mugabe, since it achieved independence in 1980. It is the example of a failed, corrupt state, the nation that South Africans point to when they worry about the future of their own nation (or are in a self-congratulatory mood).

From an investor perspective, this is a nation that could do better. The population is literate in English – with 86.5 percent of the population able to read and write. It has close ties to South Africa. It needs new leaders, not new names.

A white woman with green glasses and gray hairAnn C. Logue

I teach and write about finance. I’m the author of four books in Wiley’s …For Dummies series, a fintech content expert, and an avid traveler. Among other things.

Latest Work

Hedge funds for Dummies Cover

Hedge Funds for Dummies, 2e
My first book has been completely revised! Updated to reflect changing markets, accessible strategies through ETFs, and new potential due diligence pitfalls.

MORE »

VIEW ALL WORK »

Latest Work

Cover of Day Trading for Dummies

Day Trading for Dummies, 5e
With five revisions, countless interviews with successful traders, and lots of research, this is the definitive guide to getting started, managing risk, and staying in the game.

MORE »

VIEW ALL WORK »