US dollar weighs on Zimbabwe’s economy
Although the American currency brought about stability, it is restraining growth and local industry in the country.
Zimbabwe Inflation
Zimbabwean government bank balance ‘down to $217’
The country’s finance minister has announced that $217 is all that remains in the public account of the Zimbabwean government.
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Zim inflation slows to 4,1%
Zimbabwe’s annual inflation rate in July stood at 4,1%, declining from 5,3% the month before, the government statistics agency said on Monday.
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Take the biscuit — twice
Dual currency is making the streets of Harare feel like a million dollars because everyone wants to Eet-Sum-Mor, writes Stanley Kwenda.
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Zim considers fixing its currency to the rand
Zimbabwe will consider fixing its local dollar to the South African rand but will not adopt it as its main currency, Robert Mugabe said on Thursday.
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Motlanthe says Zimbabwe could adopt the rand
South African President Kgalema Motlanthe said on Sunday that neighbouring Zimbabwe could adopt the rand as its standard currency.
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Zimbabwe unveils 100-trillion dollar note
Zimbabwe will introduce a 100-trillion dollar note, in its latest attempt to keep pace with hyperinflation that has left the economy in tatters.
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The moneychangers’ flea market in Zim’s CBD
They wear flashy garments and loud perfumes, presenting themselves as uptown yuppies.
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Crisis-hit Zim rolls out Z$10-billion note
Zimbabwe’s central bank on Friday introduced a Z-billion banknote, worth on the black market, to try to ease desperate cash shortages.
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Zimbabwe unveils Z$500-million note
Zimbabwe’s central bank on Friday introduced a Z$500-million note, as the country struggles to cope with the world’s highest inflation.
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Zim gold output sinks 64%
Zimbabwe’s gold production plunged by 64,5% in October compared with the same period last year, underscoring the woes of the once vital industry.
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Zimbabwe eyes high-value banknotes
Zimbabwe will soon introduce higher denomination banknotes, of up to one million Zimbabwean dollars, in a bid to ease the effects of hyperinflation.
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Zim war veterans threaten Tsvangirai over deal
Zimbabwe’s militant war veterans threatened on Wednesday to take action against MDC leader Morgan Tsvangirai.
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Zim power-sharing talks grind to a halt
Regional efforts to help Zimbabwe ground to a halt on Monday as Morgan Tsvangirai refused to attend a summit until he is granted a passport.
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Zim rivals back at the negotiating table
Zimbabwe President Robert Mugabe and rival Morgan Tsvangirai were set on Friday to resume power-sharing talks for a fourth day.
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Rivals say progress made in Zim talks
Zimbabwe President Robert Mugabe and Morgan Tsvangirai failed on Wednesday to break an impasse on power sharing, but said talks had made progress.
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Zim rivals resume power-sharing talks
Zimbabwean parties resumed talks on Wednesday aimed at rescuing a power-sharing deal. The negotiations ended without agreement on Tuesday.
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‘Zanu-PF mindset not consistent with power-sharing’
Zimbabwean President Robert Mugabe has sworn in two vice-presidents ahead of talks on forming a Cabinet, a government official said on Monday.
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Mbeki moves to save Zim power-sharing deal
Former SA president Thabo Mbeki was set to fly to Zimbabwe on Monday in a last-ditch bid to save a power-sharing deal.
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Zim rivals agree to seek Mbeki mediation
Zimbabwe’s political rivals agreed on Friday to seek renewed mediation by former SA president Thabo Mbeki to try to end the unity-government deadlock.
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Zim inflation rockets to 231-million percent
Zimbabwe’s annual inflation raced to a record 231-million percent in July, up from 11,2-million percent the previous month.
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Tsvangirai: Need for new Zim govt is ‘urgent’
Zimbabwe’s MDC leader, Morgan Tsvangirai, said on Saturday it was "urgent" the country form a new government to ensure food supplies.
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‘We are hungry, prime minister’
Edith Tembo sits on the pavement outside a Zimbabwean bank, tired and dejected after waiting all night to withdraw money.
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Shopping — a mathematics test for Zimbabweans
Business executive Charlene Domwe shakes her head in disbelief on receiving the bill after hosting three friends for dinner at a local hotel.
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Zim economic revival could take years
A power-sharing agreement between Zimbabwe’s main political rivals is unlikely to bring immediate economic relief to millions of Zimbabweans.
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Zim allows shops to sell goods in foreign currency
Zimbabwe says it will license shops to sell goods in foreign currency, a sign authorities are losing the battle against a thriving black market.
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Petrol coupons the new currency in Zimbabwe
Reeling from the highest inflation rate in the world, Zimbabweans have turned to a new money source: petrol coupons.
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Zim to lop 10 zeros off currency
Zimbabwe will re-denominate its dollar by removing 10 zeros from August 1, central bank Governor Gideon Gono said on Wednesday.
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Journos added to EU hit list
Even for those who are not Robert Mugabe’s nearest and dearest will see shopping trips to Europe becoming something of the past.
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Zimbabwe business hopes talks will stop the rot
Captains of industry are pinning their hopes on talks between Zimbabwe’s political rivals as a chance to stop the economic rot.
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Zim inflation zips to new daily highs
Zimbabwe’s official inflation rate has escalated to 2,2-million percent, driving the cost of a loaf of bread to about one-third of a teacher’s monthly salary.
