Search / Steve hanke
Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 18 Jul 2025 at 08:52hrs | 869 | by Staff reporter
Zimbabweans are educated for nothing: A nation of intellectuals with no voice
Zimbabwe is a country blessed with a wealth of intellectual capital.Its people are among the most educated in Africa, with a strong tradition of academic excellence, particularly in fields lik...Published: 08 Nov 2024 at 14:26hrs | 36060 | by Tendai Ruben Mbofana
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2304 | by Tendai Ruben Mbofana
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 669 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21561 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6716 | by Staff reporter
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | 2 | by Staff reporter
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | 6 | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | 2 | by Staff reporter
Basics disappear from Zimbabwe shop shelves
ZIMBABWEAN retailers are struggling to restock locally produced goods using the local unit as manufacturers and wholesalers are turning them away in favour of those that pay in the United States dolla...Published: 15 Mar 2024 at 07:19hrs | 27 | by Staff reporter
Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | 1 | by Tendai Ruben Mbofana
American economist wants Professor Mthuli Ncube to resign
American economist Steve Hanke has called for Finance Minister Mthuli Ncube to step down and acknowledge his failure in addressing Zimbabwe's economic woes.Hanke's remarks come in light of Zim...Published: 27 Feb 2024 at 04:48hrs | 3 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 3 | by Staff reporter
Traders reject Zimdollar
THE Zimbabwe dollar has continued to depreciate in 2024, with traders in some areas now refusing to accept the local currency, while parallel market exchange rates have been differing across the count...Published: 12 Feb 2024 at 13:49hrs | 2 | by Staff reporter
Mnangagwa hints at more policies to deal Zimdollar
President Emmerson Mnangagwa has disclosed plans for the Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance to introduce a comprehensive set of new policies aimed at rescuing the nation's seve...Published: 07 Feb 2024 at 04:49hrs | 4 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 13 | by Staff reporter
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | | by Staff reporter
'4,1 million Zimbabweans food insecure'
AT LEAST 4,1 million people are in urgent need of food aid as low production and a high cost of living take a heavy toll on Zimbabweans, a new food security report has revealed.According to th...Published: 01 Aug 2023 at 06:30hrs | 10 | by Staff reporter
'Mnangagwa is Mugabe's clone'
UNITED States economist and currency expert Steve Hanke has said President Emmerson Mnangagwa is no better than his predecessor, the late Robert Mugabe.Hanke who has constantly criticized Mnan...Published: 11 Jul 2023 at 07:42hrs | 12 | by Staff reporter
Chamisa's battle to topple Mnangagwa
ON 23 August 2023, Zimbabweans return to the polls to elect members of local councils, the national assembly, and a president. As a country with a hyper-presidentialist system, voting will largely be ...Published: 09 Jul 2023 at 14:28hrs | 15 | by Simukai Tinhu
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 12 | by Kevin Tutani
Public wage bill balloons 3 times ahead of key Zimbabwe elections
ELECTION-related spending by the Zimbabwean government is going through the roof as President Emmerson Mnangagwa goes for broke, spending public funds like confetti at a wedding to retain his position...Published: 02 Jul 2023 at 17:30hrs | 15 | by Staff reporter
Zimbabwean teachers bemoan US$13 slave wage
TEACHERS say they can no longer report for work consistently, amid revelations their basic salary has been eroded by inflation to US$13, with the government failing to solve the plight of public secto...Published: 01 Jul 2023 at 07:49hrs | | by Staff reporter
Mthuli Ncube remains mum as Zimdollar crashes
FINANCE minister Mthuli Ncube's failure to update the nation on the state of the economy, despite several calls by legislators, shows the typical arrogance associated with Zanu-PF leaders when confron...Published: 22 Jun 2023 at 08:44hrs | 3 | by Staff reporter
'Mnangagwa leading Zimbabwe to ruins,' says US economist Steve Hanke
UNITED States economist and currency expert Steve Hanke has said Zimbabwe's inflation is at 1298% per year, accusing President Emmerson Mnangagwa of running down the country.Mnangagwa recently...Published: 20 Jun 2023 at 06:59hrs | 1 | by Staff reporter
Mnangagwa's cost-of-living nightmare terribly deepens
NINE weeks before Zimbabwe's general elections, President Emmerson Mnangagwa faces a moment of truth as the imploding economy plunges the country into its third hyperinflation in 15 years amid rising ...Published: 18 Jun 2023 at 15:15hrs | 2 | by Staff reporter
Zimbabwe is heading towards economic armageddon, says America's Steve Hanke
Steve Hanke, a Professor of Applied Economics at The Johns Hopkins University in Baltimore, USA, has predicted a catastrophic downfall of the Zimbabwean economy describing its trajectory as "heading t...Published: 13 Jun 2023 at 14:29hrs | 2 | by Staff reporter
MPs summon Mthuli Ncube
MEMBERS of Parliament (MPs) have demanded — again — that Finance minister Mthuli Ncube avail himself to the National Assembly to deal with the fast-deteriorating economic situation and answer ques...Published: 12 Jun 2023 at 06:45hrs | 1 | by Staff reporter
Zimdollar nosedives
By close of business on Thursday, soldiers, police, health workers and other civil servants in Zimbabwe went home with the reality that their salaries could barely buy 30 loaves of bread.This ...Published: 09 Jun 2023 at 17:09hrs | 1 | by Staff reporter
Zimbabwe family basket shoots to $1 million
THE Consumer Council of Zimbabwe (CCZ) says a family of six now requires $1 million a month to survive, up from $611 275 in April, reflecting the depth of the Zimdollar's crash and resultant price spi...Published: 07 Jun 2023 at 08:47hrs | 2 | by Staff reporter
US foreign policy and the Zimbabwe dollar!
In my life journey, my three years stay in Jamaica was probably the most traumatic and most revealing as to how the imperialists work.I am, therefore, surprised that Mthuli Ncube and his handl...Published: 04 Jun 2023 at 08:37hrs | 5 | by Kenneth Mufuka
Zimbabwe ranked as world's most miserable country
ZIMBABWE has been adjudged the most miserable country in the world on American economist Steve Hanke's 2022 Misery Index because of the high cost of living.Hanke, a professor of Applied Econom...Published: 25 May 2023 at 06:25hrs | 2 | by Staff reporter
Tendai Biti says Zimbabwe is being run by kleptomaniac Govt
CITIZENS Coalition for Change (CCC) deputy leader Tendai Biti says Zimbabwe is being run by a kleptomaniac government and there is a desperate need for change ahead of the upcoming general elections....Published: 21 May 2023 at 08:16hrs | 1 | by Staff reporter
Anti-Zimbabwe economist names Zimbabwe 'Most Miserable Country' in the world
ZIMBABWE has been named the most miserable country in the world ahead of war-torn Ukraine, Syria and Sudan on renowned economist Steve Hanke's Annual Misery Index (HAMI).Hanke blamed Zimbabwe'...Published: 20 May 2023 at 19:15hrs | 2 | by Staff reporter
Zimbabwe cost of living up by 11%
THE Zimbabwe National Statistics Agency (ZimStat) has said $33 044 could adequately sustain a consumer's basic needs last month, which at today's official exchange rate translates to just US$31,54....Published: 01 May 2023 at 08:10hrs | 1 | by Staff reporter
'Inflation is not on paper, you feel it'
Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbab...Published: 10 Apr 2023 at 07:28hrs | | by Staff reporter
Mnangagwa preside over Zimbabwe implosion
WHILE President Emmerson Mnangagwa claimed that the majority of his ministers were doing well - with three outstanding and two being a dismal failure - the reality on the ground is different: Zimbabwe...Published: 20 Mar 2023 at 15:05hrs | 1 | by Staff reporter
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 | 1 | 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 | 1 | 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 | 2 | 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 | 4 | 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 | 2 | 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 | 2 | 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 | 1 | 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 | | 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 | | 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 | 1 | 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 | 3 | 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 | | 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 | 6 | by Staff reporter
Load More Stories
