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/ 13 January 2008

Zimbabweans shun banks after cash shortages

Kennedy Tsambo’s faith in Zimbabwe’s banking system finally hit breaking point over Christmas when he spent an ultimately fruitless three days queuing to withdraw cash in order to buy a bus fare home. ”This was not a donation that I was queuing for, it’s my own money which I should be able to withdraw as and when I like,” said the 37-year-old.

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/ 7 September 2007

Few cheers over Zim budget as crisis bites

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.