Economic Report

Zimbabwe quadruples electricity prices

(HARARE) – Zimbabwe hiked its average electricity tariff by 320% on Wednesday to ramp up power supplies at a time of daily blackouts, but the move will anger consumers already grappling with soaring inflation that is eroding their earnings. The southern African nation is experiencing its worst economic crisis in a decade, seen in triple-digit […]

Politics

Zimbabwe’s ruling party wins majority in parliament

The presidential candidate for Zimbabwe’s main opposition accused the ruling ZANU-PF of trying to steal the general election on Wednesday after official figures gave President Emmerson Mnangagwa’s party a majority in parliament. Nelson Chamisa, 40, and the 75-year-old Mnangagwa were the main contenders in Monday’s vote, the first since Robert Mugabe was forced to resign […]