Jump to navigation

Zimbabwe

Zimbabwe

Population: 16.99m
GDP: $35.91bn
Debt: 98.5% of GDP (2024)

news from Zimbabwe

Category: all

Found 605 articles.

Displaying 1-10 out of 605 results.

Mnangagwa hunkers down

The president’s failure to rein in grand corruption and his business allies is weakening the economy further and makes a political implosion more likely

The failure to sustain the launch of Zimbabwe’s latest local currency – and the macro-economic consequences of that – will haunt the country and Emmerson Mnangagwa’s presidency in...


London vetoes Harare

The British government has vetoed the re-admission of Zimbabwe to the Commonwealth, Africa Minister Lord Ray Collins confirmed in a written answer to a question about Zimbabwe’s readmission...


Zimbabwe readmission ‘is off’

The UK won’t support Zimbabwe’s readmission to the Commonwealth, we hear, although it could threaten its charm offensive on the continent

Commonwealth Secretary-General Baroness Patricia Scotland’s plan to re-admit Zimbabwe has run into resistance from Britain’s Labour government, diplomatic sources have told Africa Confidential. It was felt that taking...


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,...

READ FOR FREE

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...


DISPATCHES

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...

READ FOR FREE

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...


Displaying 1-10 out of 605 results.