By Farai D Hove| ZIMBABWE IS SET TO LOSE OVER $5mln as South Africa gains over $3bln from a possible Brexit no-deal scenario.

This is according to a report by the United Nations Conference on Trade and Development (UNCTAD). The report is titled: “Brexit. Implications for Developing Countries.

The UK is exiting the European Union by October this year, after voing to leave the EU in June 2016. UK was recently granted a Brexit delay until October 30, 2019, to negotiate an arrangement to leave the bloc without a deal.

Should the UK leave the bloc without a deal, the below countries are set to gain or lose.

Gainers:

• South Africa $3 billion
• Botswana $199 million
• Namibia $85 million

Losers:

• Seychelles $106 million
• Kenya $21 million
• Ethiopia $21 million
• Morocco $97 million
• Ghana $91 million
• Tunisia $49 million
• Cote D’Ivoire $30 million
• Zimbabwe $5 million
• Nigeria $2 million