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Zimbabwe

Zimbabwe

Population: 16.48m
GDP: $34.41bn
Debt: 98.5% of GDP (2024)

news from Zimbabwe

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Found 601 articles.

Displaying 1-10 out of 601 results.

Mnangagwa takes on the army

Seven years after the coup, Mnangagwa’s manoeuverings to stay in power are angering Chiwenga and other generals

The most significant constraint on President Emmerson Dambudzo Mnangagwa’s plan to extend his rule is the military. Senior officers know that just as they launched him into power...


Outgoing Commonwealth chief is pushing for Zimbabwe’s readmission

Top Commonwealth officials and senior British diplomats favour bringing Harare back into the fold – despite a damning report on last year’s elections

The Commonwealth Secretariat is working to support Zimbabwe’s application to be readmitted to the mainly Anglophone, ex-British colonial group of nations, Africa Confidential has learned. The outgoing Secretary-General,...

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Why Mnangagwa’s gold-backed currency keeps falling

Corruption, over-spending and government borrowing from the central bank  are undermining the sixth attempt at a local currency

Mass scepticism greeted Reserve Bank Governor John Mushayavanhu’s assertion on 11 October that last month’s 43% devaluation of the Zimbabwe Gold (ZiG) currency was a 'once-off' event and...


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Businesses are panicking after latest crash in the ZiG’s value against the US dollar

The collapse in the value of the gold-backed currency by over 40% against the dollar could spell the end for the country’s sixth new currency in 25 years

The Zimbabwean government’s latest attempt to discourage citizens from using US dollars appears in danger of collapse after the central bank’s decision to devalue its gold-backed currency, the...

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Dollars still dominate the economy despite the launch of the ZiG

The country’s largest independent brokerage says the government should restore the trust of its citizens instead of forcing them to abandon the dollar

It has been four months since the introduction of the ‘Zimbabwe Gold’ or ZiG on 8 April and confidence in the currency has not improved. The official exchange...


Paranoia on show as Harare hosts summit

Rights groups outraged as SADC hands its chair to Mnangagwa after security agents arrest and beat up over 100 activists

Such was the ferocity of the government’s assault on civil society activists and oppositionists ahead of the Southern African Development Community (SADC) summit in Harare on 17 August,...


Against the odds, can the new ZiG currency tame inflation?

With 80% of business still priced in US dollars, many are sceptical of the latest monetary plan

Dropped into its sobering assessment of Zimbabwe’s economic prospects the IMF Article IV review team offered some qualified support for the Zimbabwe Gold (ZiG) currency on 28 June:...


Displaying 1-10 out of 601 results.