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Zimbabwe
Zim govt wants Victoria Falls hotels to pay for power in foreign cash
The cabinet said getting large hotels in Victoria Falls to pay for their electricity in foreign currency would help boost imports of power.
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Zimbabwe inflation rate soars to 175%
Official inflation is the highest since hyperinflation forced the government to abandon the Zimbabwe dollar in 2009.
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Outrage over treatment of Zim MP charged with treason
Job Sikhala, who has been charged with treason, has been accused of calling for the overthrow of the government while in the southern Masvingo province.
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‘Focus on bread’: Zim bakers told to stop baking cakes, biscuits
Bread was in short supply because of shortages of foreign currency needed to import flour.
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Zimbabwe poised to raise public workers pay again
Zimbabweans are angry as year-on-year inflation of around 100% has eaten the value of their wages and savings, recalling the horrors of the hyperinflation era in 2008.
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Zimbabwe could hike rates over 50% to deal with speculators: finmin
Zimbabwe hiked its overnight lending rate to 50% last month after making its interim RTGS currency the country’s sole legal tender.
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Half your salary on a pizza? Why Zimbabweans are terrified of these prices
Is the new Zimbabwe dollar bringing back the economic tragedies of 2008 to remind Zimbabweans of some of their worst times?
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Zim lawyer challenges govt’s decision to ban foreign currency
Godfrey Mupanga said the country’s laws allowed for the use of multiple currencies, and this could only be reversed by Parliament.
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Zimbabwe president says needs to import 800,000 tonnes of maize - media
A United Nations agency has said up to 5 million Zimbabweans, a third of the population would need food aid this year following the El Nino-induced drought.
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Zim to allow dollar withdrawals from some accounts
The surprise announcement will ease fears that the central bank might raid foreign currency accounts, as happened during Robert Mugabe’s rule in 2008.
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Zimbabwe expects to pay $10mn to Eskom by end of Monday
Zimbabwe, which is grappling with severe power shortages, imports power from neighbouring South Africa.
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Zimbabwe allays fears over gold sales, remittances after currency reform
On Monday, Zimbabwe declared its interim RTGS dollar the only legal tender, ending the decade-long use of multiple currencies including the US dollar.
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Zimbabwe's Mnangagwa talks up currency reform but business wary
Mnangagwa, who replaced longtime leader Robert Mugabe after an army coup in November 2017, is trying to attract investment and lift growth after a litany of failed economic interventions under his predecessor.
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Mnangagwa stands by decision on Zim dollar
The move, announced on Monday, has sparked fears of a return of hyper-inflation and shortages last seen a decade ago.
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Zimbabwe’s central bank hikes interest rates
Overnight interest rates for banks have been hiked from 15% to 50%.
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Zimbabwe wants ivory ban lifted so it can sell $600-mln stockpile
President Mnangagwa said selling the elephant tusks and rhino horns would enable the impoverished nation to fund conservation efforts for 20 years.
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Zimbabwe declares interim RTGS dollar its sole legal currency
The Real Time Gross Settlement dollar was introduced by the government on 22 February as the first step towards a new currency by year-end.
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Zimbabwe deny boycott threat for Cup of Nations opener
According to Zimbabwean media, the national team was threatening to boycott Egypt encounter over a dispute with Zifa officials about daily allowances and bonuses.
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672 arrested in global swoop on fake food and drink - Interpol
In Zimbabwe, the authorities seized nearly 14,000 litres of soft drinks containing high levels of the active ingredient in drugs used to treat erectile dysfunction, which could be life-threatening for unsuspecting consumers, it said.
