Zimbabwe

Mozambique, Zimbabwe cyclone deaths exceed 300 as UN boosts aid

The death toll from a cyclone that smashed into Mozambique and Zimbabwe rose to more than 300 as rescuers raced against the clock to help survivors and the UN led the charge to provide aid.

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No plain sailing for Zim, but finance minister cautiously optimistic

2019-03-20 06:00

Zimbabwe Finance Minister sees inflation – currently at 59% – declining to 10% by the end of the year, banking on slowing down money supply, liberalisation of the exchange rate and other broader economic reforms.

 

UPDATE: Latest videos on Cyclone Idai

2019-03-19 10:53

UPDATED THURSDAY: Marooned Mozambicans wait for aid to arrive after Cyclone Idai | Aerial footage shows scale of floods in Mozambique after cyclone

WATCH: More than 120 dead after cyclone hits Mozambique, Zimbabwe

2019-03-18 12:40

More than 120 people have died and many more are missing in Mozambique and neighbouring Zimbabwe after tropical cyclone Idai barrelled across the southern African nations with flash floods and ferocious winds.

SEE: Cyclone Idai leaves trail of destruction in Mozambique, Malawi, Zimbabwe, killing 140

2019-03-16 17:42

Mozambique, Zimbabwe and Malawi have been hit vicious cyclone that has killed more than 140 people, left hundreds more missing and stranded tens of thousands who are cut off from roads and telephones in mainly poor, rural areas.

No SA bailout for Zim after Ramaphosa visit

2019-03-12 17:01

President Cyril Ramaphosa concluded a much-anticipated visit to Zimbabwe on Tuesday, dashing any lingering hopes that his country would bail out its economically-troubled neighbour.

SA, Zim discussing state-guaranteed bank loan

2019-03-12 14:51

South Africa is considering more loans to Zimbabwe, including state-guaranteed funding from banks to support its northern neighbor’s cash-strapped private sector.

Ramaphosa, SADC effort comes to nought as Trump extends Zim sanctions

2019-03-06 12:31

Earlier this year, Ramaphosa spoke on the sidelines of the World Economic Forum, saying Zimbabwe faces "serious, serious, economic challenges and they can be assisted by the world if those sanctions are lifted."

Foreign investors can finally take money out of Zim, but at a huge discount

2019-03-04 20:59

Foreign investors on the Zimbabwe Stock Exchange are likely to take a huge foreign exchange loss on their investments, but at least they can now have their money back following a new directive by the Reserve Bank of Zimbabwe.

Zimbabwe court refuses to drop charges against 7 Chinese caught with rhino horns

2019-03-01 17:06

Seven Chinese nationals being held in a Zimbabwe jail for money laundering and unlawful possession of rhino horn lost their legal bid to have their charges dropped.

How a 'giant Ponzi scheme' destroyed Zim's economy

2019-02-28 20:31

Almost two decades of profligate monetary policy has destroyed Zimbabwe’s economy and fueled rampant inflation, decimating the savings of its people twice.

Zim says exchange rate to strengthen, thanks to 'new currency'

2019-02-22 09:02

Zimbabwe’s government expects the exchange rate of what is in effect a new currency to strengthen from its current black market level when it starts trading. The political opposition isn’t so sure.

Zimbabwe's inflation rate is being misread, Ncube says

2019-02-21 15:07

Zimbabwean Finance Minister Mthuli Ncube says the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread.

'Major humanitarian emergency' after cyclone batters Southern Africa

2019-03-19 21:10

Rescue workers have been hard at work in trying to rescue affected people in Malawi, Zimbabwe, and lately Mozambique - which has now suffered a lot of fatalities.

Relief reaches Zimbabwe's cyclone survivors as death toll rises

2019-03-19 10:37

Rescue efforts in eastern Zimbabwe have picked up pace in distressed areas from Cyclone Idai's trail of destruction, with nearly 100 people dead and hundreds missing.

At least 24 dead, over 100 missing in Zimbabwe after cyclone

2019-03-16 13:29

At least 24 people have been killed and dozens are missing in parts of eastern Zimbabwe hit by the peripheral effects of tropical cyclone Idai which lashed neighbouring Mozambique.

Zimbabwe to scrap platinum and diamond mine ownership rules

2019-03-06 18:51

Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100 percent in a bid to revive investment.

Zim land a dead asset - finance minister

2019-03-04 09:13

Zimbabwe's controversial land reform programme, which left most of its land without collateral value has meant the country is now carrying a dead asset, its Finance and Economic Development Minister Mthuli Ncube has said.

R3.3bn urgently needed for food aid in Zimbabwe - UN

2019-03-01 14:11

The UN and Zimbabwean authorities launched an urgent appeal for $234m for more than five million people in urgent need of food due to a drought and a weak economy.

Zimbabwean activist Rashid Mahiya charged for trying to topple Mnangagwa's govt

2019-02-26 18:55

Zimbabwean activist Rashid Mahiya has been arrested and charged with subversion following violent anti-government protests that rocked the country last month.

'I am guilty as charged': Zim central bank governor on overvalued bond notes

2019-02-22 11:17

Zimbabwe central bank governor Dr John Mangudya has admitted prejudicing the country’s exporters by exchanging their US dollar earnings at parity with the local bond note, when rates on the parallel market were at a 400% premium.

Shutting down the internet doesn't work - but governments keep doing it

2019-02-22 06:15

The Zimbabwean government recently blocked internet access in an bid to crack down on protests against fuel price hikes. They're not alone in using this tactic, says George Ogola.

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