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/ 7 September 2007
President Robert Mugabe’s exchange-rate devaluation and promises of tax relief were dismissed on Friday by Zimbabweans weary of an economic crisis marked by the world’s highest inflation and severe shortages. His government’s latest bid to ease the economic turmoil, announced in a supplementary budget on Thursday, highlighted the worsening plight of the Southern African nation.
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/ 4 September 2007
Zimbabwe is likely to offer tax relief in a supplementary budget on Thursday but may have to print more money to keep cash-strapped government departments running ahead of elections in 2008. The Southern African country is suffering inflation of more than 7 000%, fast eroding income for workers struggling to feed their families.
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/ 1 September 2007
Equatorial Guinea leader Teodoro Obiang Nguema Mbasogo on Friday hailed President Robert Mugabe’s land seizure drive, saying Zimbabwe’s agriculture sector was one of Africa’s most developed. Obiang, who arrived in Zimbabwe on Wednesday on a state visit, said his tiny but oil-rich country stood to benefit from Harare’s agriculture experience.
Zimbabwe’s government will table a proposal in Parliament on Wednesday to give majority control of foreign-owned firms to locals. The new parliamentary session will also debate a Bill giving President Robert Mugabe room to pick a successor if he retires. If passed, the Bills could tighten Mugabe’s grip on power.
Zimbabwe’s Parliament meets for a new session on Tuesday that will consider two major pieces of legislation, one to give the president considerable sway in appointing a successor and another to nationalise foreign firms. Robert Mugabe, who has ruled the former British colony since independence in 1980, is seeking to consolidate power in the face of growing discontent.
After a busy day trying to survive Zimbabwe’s economic crisis, Jeffrey Ndoro likes to relax after work with a beer. Even with inflation spiralling out of control, beer had been comparatively cheap before a price crackdown by President Robert Mugabe’s government caused supplies to dry up.
Zimbabwe’s President Robert Mugabe on Tuesday said Britain and its Western allies had ”redoubled” efforts to topple him, accusing them of sponsoring violence to destabilise his inflation-ravaged nation. Mugabe, in power since independence from Britain in 1980, also defended a new policy that forces stores to cut and freeze prices.
Zimbabwe has sent crack police to enforce price freezes in the rural strongholds of President Robert Mugabe, where businesses have failed to heed measures aimed at reining in inflation. Mugabe’s government, grappling with inflation of 4 500%, ordered businesses last month to roll back and freeze prices.
Zimbabwe President Robert Mugabe on Friday told manufacturers to carry on with normal production despite an official price freeze, warning that his government would seize firms that stopped producing basic goods. Mugabe was addressing thousands of ruling Zanu-PF party supporters in Harare.
Hundreds of President Robert Mugabe’s supporters marched through Zimbabwe’s capital, Harare, on Friday in support of an official price freeze introduced to curb the world’s highest inflation rate of over 4 500%. The march was planned ahead of a ruling Zanu-PF party meeting to adopt tougher measures against firms defying the freeze.