The Zimbabwean government is itching to introduce yet another currency. Their propaganda machine is working full throttle to convince the populace that this will be a good thing. We have maintained that such a move is unlikely to solve Zimbabwe’s economic woes.
The latest publicity stunt has been to claim that the new currency will the strongest currency in the region. […]
Zimbabwe’s largest internet provider, ZOL has introduced new packages that are aimed at making the internet a little bit more affordable. These are Wibroniks packages which use 4G (LTE) technology as the last mile solution.
Back in May, all telecom companies in Zimbabwe hiked their data prices leaving consumers out in the cold. In one stroke most […]
Social media is awash with another impending fuel increase. Unlike the previously failed increase of barely a week ago which was based on a whim, the latest increase is not about foreign currency.
According to those doing the “leaks”, the latest increase is a result of an increase in ethanol prices. Traditionally, petrol sold within Zimbabwe is blended with ethanol […]
Prices, and as a result inflation, has been on an upward trend. Lots of producers have come out in the past few weeks announcing price increases. Naturally, these hikes are bound to have a cascading effect on various stakeholders.
According to the Chronicle, several schools from Bulawayo have started demanding top-up fees from parents. Boarding schools who are especially vulnerable to […]
In language that is turning increasingly and worryingly militant, the government has accused Tongaat Hulett of economic sabotage. Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa had this to say about the company:
We are fully aware of acts of economic sabotage that are going on which however do not come as a surprise because some elements in the political arena […]
It has been weeks since ZESA introduced us to load shedding which they blamed on the low water levels at Kariba. While it hasn’t been ideal most people have already adjusted to the new reality. For households that means filling up on LP gas, using firewood, paraffin stoves, invertors and night lights.
For businesses, things are a lot complicated. This […]
During a cleanup operation in Southlea Park, President Mnangagwa said Zimbabwe would have its own currency by December. The event took place yesterday (Friday 7 June).
Between 2008 and 2009 our country’s currency lost value and some people became billionaires or trillionaires due to high inflation.
At the time Government decided to adopt the multi-currency regime where we started using, the US […]
If it has not already happened, Zimbabwe is flirting with hyperinflation at the moment. Prices of basic commodities such as sugar, mealie-meal and other basic necessities have been going up at least on a daily basis now. ZimState and other government entities tasked with measuring inflation have not published any recent figures but both month to month and year on […]
There is a rather bizarre article in today’s (5 June 2019) article. According to this state-owned publication, parallel market rates for the US dollar are falling. It goes on to cite “evidence of this” fall.
PARALLEL market exchange rates have tumbled from a peak of US$1:RTGS$9 recently and remain frozen at US$1:RTGS$6 since last week amid indications the rate could drop […]
Zimbabwe and the International Monetary Fund (IMF) have agreed to have the later monitor it’s political and economic reforms. The program dubbed IMF staff-monitored programme is meant to convince donors and creditors to forgive Zimbabwe’s external debt.
