Posted inStories
Is Zimbabwe better off than Nigeria?
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…
Posted inStories
The changing remittance economy in 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.…
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Tshabangu clobbers Chamisa again
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…
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Zimbabwean businessman, SA billionaire and Pakistani giant who now own Zimbabwe’s biggest sugar estates
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…
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Is the Zimbabwe dollar the weakest currency in the world?
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…
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Is Nelson Chamisa’s leadership style a threat to Zimbabwe’s opposition politics?
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…
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Mnangagwa has a lot to do to convince Zimbabweans to have confidence in the local currency
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…
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South African court hears how diesel consignment to Zimbabwe ‘disappeared’
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…
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Who got what from the Zimbabwe foreign currency auction in December
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…
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Zimbabwe foreign currency auction now accounts for only 8% of foreign payments
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…