Zimbabwe has been rated among the 50 least developed countries in 2024 but it is better off than oil rich Nigeria and Angola. According to a survey by InsiderMonkey, Zimbabwe…
The flow of remittances to Zimbabwe is huge, with diaspora remittances from outside the country estimated at over US$1 billion per annum, or around 16% of total foreign exchange receipts.…
Self-proclaimed Citizens Coalition for Change interim secretary general Sengezo Tshabangu has clobbered party leader Nelson Chamisa again after the court ordered that 23 candidates that filed their nomination papers in…
A consortium of a Zimbabwean businessman, a South African billionaire and a Pakistani sugar producer is now in charge of Zimbabwe’s largest sugar producer. Tongaat Hulett, which runs the Hippo…
I am not an economist but simple logic begs me to ask whether United States economist Steve Hanke is correct to say that the Zimbabwe dollar is the weakest currency…
Nelson Chamisa, a charismatic leader in Zimbabwe’s opposition politics, has been facing a storm of criticism over his leadership style within the Citizens Coalition for Change (CCC). Initially, Chamisa carved…
Zimbabwe President Emmerson Mnangagwa has a lot of work to do to convince Zimbabweans to have confidence in the local currency again, a local economist and member of the Reserve…
British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 – but the fuel never arrived. A case brought by the South African Revenue…
Nearly 500 businesses benefited from the foreign currency auction system in December getting US$16.7 million. A total of US$685.4 million was paid out with the bulk, US$651 million coming from…
Foreign currency obtained from the auction, introduced in June 2020 to revive the productive sector, last year accounted for only 8% of the US$9.3 billion that was paid out. The…