Zimbabwe forex auction rate remains above interbank rate

June 1, 2022

The Zimbabwe foreign currency auction rate today remained above the interbank rate which fell to $304.4223 to the United States…

South African billionaire loses nearly US$1 billion but still has US$7 billion in cash

June 1, 2022

Patrick Soon-Shiong, a South African-born biopharma billionaire, has seen his net worth fall by more than US$956 million since the…

4 things required to get Zimbabwe farming and the country back on its feet

May 31, 2022

Economist Eddie Cross says only four things are required to get Zimbabwe’s farming industry, and the country, back on its…

Zimbabwe dollar narrows gap with black market rate as it falls to $308.52 to the US dollar

May 31, 2022

The Zimbabwe dollar today fell by $17.63 to average $308.5201 to the United States dollar down from $290.8876 last week.…

Did Zimbabwe print money in March and April, fuelling inflation?

May 26, 2022

“Inflation is always and everywhere a monetary phenomenon.” This famous quote by Milton Friedman is most often used by monetary…

Is Indonesia planning to supply arms to Zimbabwe?

May 26, 2022

The United Kingdom has a longstanding arms embargo on Zimbabwe but it never discussed arms sales to Zimbabwe from Indonesia,…

Zimbabwe inflation now 131.7%

May 25, 2022

Zimbabwe’s inflation for May soared from 96.4% in April to 131.7% this month but United States economist Steve Hanke put…

Strive Masiyiwa loses over US$620 million in less than a month as Econet shares slump

May 25, 2022

Zimbabwean billionaire Strive Masiyiwa has lost over half a billion dollars as a result of a drop in the value…

Zimbabwe dollar down to $290.89 to the US

May 24, 2022

The Zimbabwe dollar today shed $32.35 to average $290.8876 against the United States dollar down from $258.5404 last week. The…

The Strive Masiyiwa-Patrice Motsepe seesaw

May 22, 2022

After several weeks of being ranked as Southern Africa’s second-richest Black billionaire, Patrice Motsepe has staged a comeback, recouping wealth…