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 […]

Economic Report

Zimbabwe to issue new currency in November

The Reserve Bank of Zimbabwe is to introduce a new currency in November, a member of the bank’s Monetary Policy Committee, said on Thursday. Eddie Cross, a renowned economist, who made this known in an interview with State broadcaster Zimbabwe Broadcasting Corporation (ZBC), said that the new currency would be introduced in a move set […]

Diplomatic Channel

Zimbabwe to pay compensation to white farmers

Zimbabwe is to start paying compensation this year to thousands of white farmers who lost land under former president Robert Mugabe’s land reform nearly two decades ago, the government said, as it seeks to bring closure to a highly divisive issue. Two decades ago Mugabe’s government carried out at times violent evictions of 4,500 white […]

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 […]

Politics

Zimbabwe’s president, opponent both confident of win after close vote

HARARE – Zimbabwe’s President Emmerson Mnangagwa and his main opponent Nelson Chamisa both said on Tuesday they were confident of victory, after peaceful voting in the first election since the end of Robert Mugabe’s nearly four decade rule.  Mnangagwa, 75, a long-serving security chief who took power after Mugabe was toppled in a de facto […]

Politics

Zimbabwe to have elections on July 30

(HARARE) – Zimbabwe will hold elections on July 30, according to a government notice issued Wednesday by President Emmerson Mnangagwa. Mnangagwa will seek to consolidate his hold on power and that of the ruling ZANU-PF party. Mnangagwa became president in November after an intervention by the Zimbabwe National Army ousted longtime leader Robert Mugabe. Mnangagwa […]