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American economist wants Zimbabwe to disband its central bank
AMERICAN economist Steve Hanke says the Reserve Bank of Zimbabwe (RBZ) needs to immediately be completely removed from all monetary matters, blaming the bank for all the inflationary problems facing t...Published: 07 Sep 2022 at 06:44hrs | 3443 | by Staff reporter
Zimbabwe has 2nd highest rising food prices, claims WB
THE World Bank says Zimbabwe has the second highest food prices in the world after it recorded a real food inflation annual rate of 52.In an update dated August 11, 2022, released on Sat...Published: 05 Sep 2022 at 06:40hrs | 791 | by Staff reporter
Zambia's Hichilema outshines Zimbabwe's Mnangagwa?
SINCE Zambian President Hakainde Hichilema came assumed power last year, he has achieved key performance indicators, especially on the exchange rate an indication of strong leadership and that people ...Published: 04 Sep 2022 at 15:16hrs | 9448 | by Staff reporter
Nurses recruited from Zimbabwe are being caught in UK 'bonded labour' schemes
Zimbabwean care workers are being tricked into coming to the UK by unscrupulous middlemen who withhold up to half their wages and force them to live in squalor.The scam, which plays on the acu...Published: 28 Aug 2022 at 08:20hrs | 4478 | by Ray Mwareya
American economics says ZimStat is run by a clown
UNITED States professor of applied economics at Johns Hopkins University in Baltimore, Maryland, and senior fellow at the Cato Institute, Steve Hanke, has fiercely hit back at the Zimbabwe Statistical...Published: 21 Aug 2022 at 10:05hrs | 1551 | by Staff reporter
ZimRights national director says Zimbabwe heading towards bloodbath
ZIMBABWE is faced with a multifaceted economic, political and social crisis. Observers say the challenges bedevilling the country will likely get worse ahead of the 2023 general elections as rival pol...Published: 20 Aug 2022 at 17:03hrs | 439 | by Staff reporter
US economist says ZimStat boss talking 'rubbish'
AMERICAN economics professor Steve Hanke, who came under fire in Zimbabwe on Wednesday for cooking inflation data, has described the criticism as "rubbish" and defended his controversial formula....Published: 19 Aug 2022 at 06:44hrs | 593 | by Staff reporter
Zimbabwe rated among 10 poor countries hardest hit by food inflation
THE latest World Bank (WB) food security report has indicated Zimbabwe was among countries worst affected by domestic food price inflation, a development that has exacerbated household food insecurity...Published: 18 Aug 2022 at 20:49hrs | 502 | by Staff reporter
ZimStat debunks Steve Hanke's cooked data
TEMPERS flared over Zimbabwe's rioting inflation yesterday, with the country's chief statistician hitting out at an American economist and the media for querying the validity of data produced by his o...Published: 18 Aug 2022 at 06:46hrs | 617 | by Staff reporter
Zimbabwe's urban poor turn to "Car Supermarkets" to survive inflation
Sheila Gava forages the trunk of a stranger's Nissan car for dried tuna, Kellogg's biscuits and a bottle of canola oil."I've not stepped foot inside a high-street supermarket in three years," ...Published: 14 Aug 2022 at 07:18hrs | 210 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1232 | by Staff reporter
CCC not taking threats against Chamisa lightly
Zanu-PF has been described as a "criminal gang" after a ruling party member threatened opposition leader Nelson Chamisa and his family with death.The police were evasive yesterday when contact...Published: 15 Jul 2022 at 09:11hrs | 1093 | by Staff reporter
Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 228 | by Staff reporter
CCC dismisses new Zimbabwe economy measures; says Chamisa-led govt only solution
Minister Mthuli Ncube (on Monday) announced measures that are meant to curb hyperinflation and stabilize (prices) as well as address the remuneration crisis in the civil service. The Reserve Bank also...Published: 28 Jun 2022 at 07:29hrs | 1457 | by Fadzayi Mahere
Eddie Cross says Zimbabwe should not dollarise
TOP economist Eddie Cross Monday gave a gloomy image of Zimbabwe's battered economy but maintained dollarising it will destroy the country's re-industrialisation drive. Speaking to NewZimbabwe...Published: 31 May 2022 at 06:35hrs | 4186 | by Staff reporter
Mnangagwa's police officers swarm Bulawayo, Masvingo as govt moves to quash potential demonstrations
BULAWAYO was Thursday teeming with armed anti-riot police officers, stationed at "strategic" points within the city, as government moved in ahead of planned civil servants' protests set for Friday....Published: 27 May 2022 at 07:33hrs | 2765 | by Staff reporter
Zimbabwe inflation among global highest in the world
ZIMBABWE continues to make global headlines after the country's inflation rate was ranked as one of the highest in the world alongside war-torn countries such as Syria, according to international econ...Published: 27 May 2022 at 06:45hrs | 138 | by Staff reporter
Mnangagwa's govt jittery
GOVERNMENT is in panic mode and fears an uprising hence resorting to using the police, military and other security organs as a section of Zimbabweans push for economic order, with analysts predicting ...Published: 15 May 2022 at 17:56hrs | 3124 | by Staff reporter
CZI hits back at Mangundya over Zimdollar crisis
THE Confederation of Zimbabwe Industries (CZI) has hit back at Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's suggestion that their position on the crumbling local currency was misinformed....Published: 25 Apr 2022 at 09:18hrs | 1430 | by Staff reporter
Zimdollar use no longer viable
ZIMBABWE'S largest business group has warned that the economy faces collapse if the government insists on foisting the rapidly weakening local currency on the market when it is obvious that it is no l...Published: 25 Apr 2022 at 09:04hrs | 1727 | by Staff reporter
'Inflation roaring 152%/year give CCC shot in 2023' predicted Prof Hanke – 'It's rigged elections stupid!'
"In Zimbabwe, a new opposition party (CCC) has made significant gains in byelections. With inflation roaring at 152%/yr by my measure, the CCC has a shot at challenging what is little more than a corr...Published: 04 Apr 2022 at 16:12hrs | 1179 | by Wilbert Mukori
'Zimbabwe coup a harvest of empty promises'
WHEN Solomon Muzanenhamo (39) trudged from Highfield high-density suburb to central Harare with a Zimbabwean flag draped around his neck in November 2017, 15 kilometres became like a stroll down his s...Published: 22 Nov 2021 at 06:16hrs | 16 | by Staff reporter
Mnangagwa's ignorance on economics: Mthuli Ncube his best Boss ever
Even Mnangagwa's law degree is questioned by many. If Mnangagwa had a slender idea how the economy works, they would never launder money to Chinese banks in billions of dollars. He would know that kis...Published: 15 Oct 2021 at 18:45hrs | 19 | by Nomazulu Thata
Mnangagwa corrupt and totally ignorant, says Steve Hanke
UNITED States economist and currency expert Steve Hanke has accused President Emmerson Mnangagwa of corruption and being "totally ignorant" as the Zimbabwean dollar keeps losing value.The para...Published: 15 Oct 2021 at 06:21hrs | 9 | by Staff reporter
US economist places Zimbabwean inflation at double-digit
Zimbabwe’s annual inflation dropped by 32.2 percentage points in May to settle at 161.9% but month-on-month inflation rose from 1.6% in April to 2.5% in May.United States economist Steve Han...Published: 27 May 2021 at 22:47hrs | | by Staff reporter
Zimbabwe children malnourished as Covid-19 crisis deepens, says Steve Hanke
ECONOMISTS believe that food shortages and lockdowns have led to an acute rise in malnutrition cases among children in Zimbabwe. Data reveals that one in three children in the country are malnourished...Published: 19 Dec 2020 at 06:01hrs | 5 | by Agencies
Water crisis ravages Bulawayo
Women carry the burden of collecting water for households...Published: 15 Dec 2020 at 07:48hrs | | by Brezhnev Malaba
Zimbabwe annual inflation tumbles to 659%
THE annual inflation rate dropped 101,62 percentage points to 659,4% last month, as recent gains of the local currency against the greenback continue to reflect on its strength.The drop in the...Published: 14 Oct 2020 at 06:35hrs | 3 | by Staff reporter
Citizens are collateral damage in sanctions matrix
SEVENTY TWO-year-old Sihle Jani* wriggles and whimpers in pain in a dim-lit kitchen hut where a cloud of smoke belches out in no particular order through the grass thatch giving evidence of life at a ...Published: 11 Oct 2020 at 10:29hrs | 4 | by Vincent Gono
Prof Steve Hanke's no hyperinflation in Zim comment angers Biti
MDC Alliance Vice President, Tendai Biti, leading that party's Economic Portfolio is this week set to meet representatives of the US Embassy in Harare to express that party's dismay over positive soci...Published: 11 Oct 2020 at 08:07hrs | 114 | by David Mwanza
Biti allegations are baseless
MDC-ALLIANCE co-vice-president Tendai Biti has on countless occasions made unsavoury and bald assertions, mainly to his gullible supporters, that "Zanu-PF may rig elections, but it cannot rig the econ...Published: 05 Oct 2020 at 06:41hrs | 3 | by Rutendo Jiri
Old Mutual adopts hyperinflationary accounting for its Zimbabwe unit
SOUTH AFRICAN-HEADQUARTERED insurance company, Old Mutual Limited (OML) says it will apply hyperinflationary accounting for its Zimbabwe business unit in light of the runaway inflation plaguing the ec...Published: 23 Aug 2019 at 07:44hrs | 689 | by Staff reporter
Mthuli Ncube riles industry
FINANCE minister Mthuli Ncube was yesterday taken to task by captains of industry for suspending the production of annualised inflation figures, saying the policy move can trigger rampant speculation....Published: 06 Aug 2019 at 13:00hrs | 4427 | by Staff reporter
Mthuli Ncube defends decision to suspend annual inflation reporting
Finance and Economic Development Minister Mthuli Ncube has defended his decision to blackout publication of year-on-year inflation statistics for the next six months, saying continuing to do so does n...Published: 06 Aug 2019 at 07:25hrs | | by Staff reporter
Building a strong foundation for future prosperity
The 2019 Mid Year Budget Review presented by the Minister of Finance and Economic Development Prof Mthuli Ncube presented more challenges than solutions for the ordinary Zimbabweans.The theme ...Published: 03 Aug 2019 at 09:28hrs | | by Nkosikhona Dibiti
Whose mother, wife, sister is this? Sanctions hurt ordinary people stupid
Experts in Washington, discussing whether or not Zimbabwe is a source of shame or opportunity for Africa, were unanimous in their position that targeted sanctions were hurtful to the country, and must...Published: 15 Jul 2019 at 08:58hrs | 3499 | by Social media
Introduction of Zimdollar to sink economy, say analysts
THE decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency's value may tumble...Published: 30 Jun 2019 at 09:05hrs | | by Staff reporter
New currency unlikely to perform miracles for Zimbabwe
GOVERNMENT'S plans to unveil a new currency by year-end without addressing macro-economic fundamentals could be catastrophic, while the proposed local unit risks suffering the same fate as the defunct...Published: 14 Jun 2019 at 08:21hrs | | by Staff reporter
ZSE mulls USD trading platform
The Zimbabwe Stock Exchange (ZSE), a once go-to destination for companies seeking to raise cheap funding, is planning to overhaul its trading platform by introducing several new investment alternative...Published: 01 Jun 2019 at 08:00hrs | 1139 | by Staff reporter
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | 761 | by Prosper Chitambara
Zanu PF to review wages again as prices double every 21 days - back on hyperinflation roller-coaster
"Government says it will award its workers another pay increase in June as prices of basic commodities continue to sky rocket, eroding the purchasing power of disposable incomes," reported Bulawayo24....Published: 16 May 2019 at 17:17hrs | 1726 | by Patrick Guramatunhu
How Mugabe destroyed Zimbabwe
What do Slobodan Milosevic, Robert Mugabe, and Nicolás Maduro have in common? Other than being leaders who kept the Communist Manifesto at their bedside, all three ushered in devastating hyperinflati...Published: 14 May 2019 at 10:14hrs | 5393 | by Prof. Steve Hanke
Sanctions cripple commercial business growth in Zimbabwe
THE sanctions imposed on Zimbabwe by the West and its allies continue to frustrate the country's efforts to achieve meaningful investment due to negative destination perception, prominent economist an...Published: 07 May 2019 at 07:45hrs | | by Staff reporter
Worsening period poverty in Zimbabwe calls for urgent action
For the first time since 2009, Zimbabwe's economy is projected to slide into a recession this year, with real GDP going down to -5.2%, the lowest economic growth rate in Africa this year. Inflation is...Published: 29 Apr 2019 at 10:58hrs | 2868 | by Theresa Nyava
Minister fouls Mnangagwa's plans fouled by Owen Ncube
ZIMBABWE's efforts to attract much-needed investment are being undermined by a fatal combination of executive folly and policy inconsistencies - that have seen international investors being warned aga...Published: 22 Apr 2019 at 17:14hrs | 4491 | by Staff reporter
'Foreign aid will not bail out Zimbabwe'
UNITED States professor of economics Steve Hanke has said foreign aid will not bail out Zimbabwe from its current economic quagmire, adding the country's problems can be solved from within.Spe...Published: 21 Apr 2019 at 16:30hrs | | by Staff reporter
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 21 Apr 2019 at 08:50hrs | 611 | by Staff reporter
Anti-sanctions crusade heats up
The push for the United States government and the European Union (EU) bloc to remove the two-decade-old sanctions imposed on Zimbabwe is beginning to snowball with international organisations adding a...Published: 21 Apr 2019 at 08:10hrs | 346 | by Staff reporter
'Drop sanctions' said Washington experts - burning tyres producing lots of obnoxious smoke but little heat and no light
"Experts in Washington, discussing whether or not Zimbabwe is a source of shame or opportunity for Africa, were unanimous in their position that targeted sanctions were hurtful to the country, and mus...Published: 18 Apr 2019 at 07:44hrs | 711 | by Nomusa Garikai
Washington experts call for end to Zimbabwe sanctions
Experts in Washington, discussing whether or not Zimbabwe is a source of shame or opportunity for Africa, were unanimous in their position that targeted sanctions were hurtful to the country, and must...Published: 17 Apr 2019 at 07:53hrs | 2793 | by VOA
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