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zimlatest news & developments
President Emmerson Mnangagwa has promised to introduce a proper national currency soon. (Gallo Images)

Zimbabwe ends foreign currency use as inflation spirals

The crisis-hit country is facing another bout of sharply rising prices, with official inflation now at nearly 100 per cent

Mail & Gaurdian

Editorial: New dollar may be too late for Zim

‘In practice, bond notes have rarely traded at 1:1 with the US dollar. On the black market, the rate can be as high as 4:1’

Zimbabwe’s central bank governor John Mangudya. (AFP)

Zimbabwe’s new currency: the ‘RTGS dollar’

Decision is meant to stabilise the economy — but analysts are not convinced

For those who were living and working in Zimbabwe last year, there was every reason to treat soldiers as messiahs, as they had engineered the resignation of Robert Mugabe, ending 37 years of uninterrupted autocratic rule. (Mike Hutchings/Reuters)

A year later, Zimbabweans reflect: “I sort of miss Mugabe”

Zimbabweans reflect on the anniversary of Mugabe’s resignation

Bond notes, a currency Zimbabwe started printing about two years ago to ease cash shortages and help fight hyperinflation, have been losing value lately. (Philimon Bulawayo/Reuters)

Zimbabwe’s economic crisis deepens

Zimbabwe’s economy is in dire straits. President Emmerson Mnangagwa has promised to stabilise the economy ‘soon’ but not everyone is optimistic

Last week a student protest at the University of Zululand led to a police van being petrol bombed.

Zimbabwe’s financial system is living on borrowed time —and borrowed money

Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos

Cash-strapped: Zimbabweans queue to withdraw cash from a bank after the central bank introduced bond notes.

Can Zanu-PF afford another currency crash?

‘Bond notes were the government’s short-term answer to its long-term economic problems but now this is proving to be an expensive mistake’

Zim activists charged over election violence

Twenty-eight Zimbabwean activists were charged on Monday over post-election violence as Britain condemned a ballot recount as an attempt by President Robert Mugabe to "steal" the…

Divisions cause turmoil in Zim ruling party

Zimbabwe’s ruling party, shaken by internal divisions and a potentially strong election challenge to President Robert Mugabe, will expel candidates running against its official…

Zim acquires Heinz stake in cooking oil firm

Zimbabwe’s government has taken over United States food giant HJ Heinz’s 49% stake in the African nation’s leading cooking oil maker for ,8-million. The transaction is the first…