As Ralph drove me to his rose farm in Enterprise Valley, some thirty kilometres outside Harare, he explained how anyone with access to foreign currency and local credit can become a Rockefeller in the new Zimbabwe.
"I bought my farm in 2000 for the equivalent of $150,000 US dollars," he said. "Paid for it in Zimbabwean currency, of course. Borrowed the whole lot from a local bank." The bank charged thirty percent interest on the loan, which would be a lot if inflation weren't outpacing it by several thousand percent. A year and a half later, Ralph's debt had shrunk to the equivalent of USD$18,000 and he paid it off with the proceeds from a single truckload of flowers.
Read more from Arno Kopecky here.