Well before Zimbabwe’s economy took a hit in the late 1990s, spurring world-record inflation, usury was a part of the daily lives of working-class households in South Africa’s northern neighbour
Mnangagwa, 76, who took over from long-time autocrat Robert Mugabe, went into the July 30 2018 elections vowing to revive Zimbabwe’s sickly economy
Currencies are based on trust, and trust is in short supply
The crisis-hit country is facing another bout of sharply rising prices, with official inflation now at nearly 100 per cent
Prices in Zimbabwe kept declining in May, after a decade of hyperinflation that decimated the economy, the government said on Thursday.
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/ 29 January 2009
Zimbabwe’s unemployment rate has spiked to 94%, meaning that fewer than half a million people there are formally employed, the UN said on Thursday.
Zimbabweans this week hunted out coins squirrelled away years ago in jars and cupboards and headed for the shops.
They call them the ”walking clubs”, and Grace Sibanda is an involuntary member. The shop assistant rises before dawn and slips out of her tiny home.