zimbabwe

Zimbabwe's President Pleads Patience Amidst Economic Crisis

Zimbabwe’s President Pleads Patience Amidst Economic Crisis

October 3, 2019 6:46 am

Zimbabwe’s President Emmerson Mnangagwa has pleaded for time and patience to bring the country’s economy back from the “dead”, as his government faces blame for surging inflation that evokes dark days under late former leader Robert Mugabe.

Hopes that the economy would quickly rebound under Mnangagwa, who took over after Mugabe was deposed in a coup in November 2017, have faded fast with Zimbabweans grappling with acute shortages of fuel and electricity as well as soaring prices.

In a state of the nation address in the Parliament of Zimbabwe on Tuesday – a speech boycotted by the main opposition Movement …

Robert Mugabe, former President of Zimbabwe dies at 95

Robert Mugabe, former President of Zimbabwe dies at 95

September 6, 2019 2:26 am

Robert Mugabe, founding President of Zimbabwe who ruled for nearly 4 decades has died at the age of 95, President Emmerson Mnangagwa has announced.

Mugabe who ruled Zimbabwe from its independence in 1980 until he was ousted in 2017 died in Singapore Mnangagwa said.

He wrote on Twitter: “It is with the utmost sadness that I announce the passing on of Zimbabwe’s founding father and former President, Cde Robert Mugabe.

“Cde Mugabe was an icon of liberation, a pan-Africanist who dedicated his life to the emancipation and empowerment of his people. His contribution to the history of our nation and

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Presidential aide arrested in Zimbabwe for corrupt deals

Presidential aide arrested in Zimbabwe for corrupt deals

July 31, 2019 6:04 am

The former Principal Director of State Residences, Douglas Tapfuma, who was arrested by the Zimbabwe Anti-Corruption Commission (ZACC) on Tuesday, has sensationally been accused of maintaining a ‘Torture Chamber’ at the State House.

According to online publication, Zimlive, Tapfuma used the torture chamber to intimidate and torture people who impeded his corrupt deals.

Allegations were also made that he was summoning individuals to State House to intimidate and threaten them.

Read Also: Zimbabwe to allow U.S. dollar cash withdrawals

Juliana Muskwe, Hwange’s board chairperson, alleged last year that she was summoned to State House by Tapfuma who directed her to

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$9.6bn judgement debt: Experts proffer solution to Nigeria

Zimbabwe to allow U.S. dollar cash withdrawals

July 1, 2019 9:01 am

People and companies in Zimbabwe hold $1.3 billion in foreign currency accounts, central bank governor John Mangudya said on Monday after the finance minister announced that individuals will be allowed to withdraw their U.S. dollars in cash.

Mangudya told a parliament committee that individuals would be allowed to withdraw up to $1,000 a day from their foreign currency accounts without restrictions but that companies would need to talk to their banks if they needed cash dollars.

Zimbabwe made the RTGS dollar, an interim currency introduced in February, its sole legal tender last Monday, ending a decade of dollarization and taking
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Zimbabwe bans use of US dollar and other foreign currencies

Zimbabwe bans use of US dollar and other foreign currencies

June 25, 2019 6:45 am

In a bid to defend its fledgeling new currency against black market speculation, Zimbabwe‘s Finance Minister Mthuli Ncube on Monday outlawed the use of the US dollar and a host of other foreign currencies in local transactions.

In 2009, Zimbabwe allowed the US dollar and other foreign currencies to be used as legal tender in the country after hyperinflation decimated the value of the Zimbabwean dollar.

Earlier this year, to pave the way towards ending so-called “dollarisation”, the country laid the foundations for a new Zimbabwean dollar by introducing an interim currency, the Real Time Gross Settlement dollar (RTGS) …

Cyclone Idai: Zimbabwe thanks Nigeria for assistance

Cyclone Idai: Zimbabwe thanks Nigeria for assistance

May 15, 2019 6:57 am

The President of the Republic of Zimbabwe, Emmerson Mnangagwa, has commended the Nigerian Government for extending relief items to the people of Zimbabwe recently affected by the tropical disaster cyclone Idai.

Mnangagwa made the commendation when he received the Federal Government delegation led by the Minister of Foreign Affairs, Mr Geoffrey Onyeama on Wednesday at the State House in Harare.

“We are happy that the leadership of Nigeria has realised that their brothers and sisters here in Zimbabwe visited by cyclone idai need assistance.

“They brought lots of medicines and other materials to be given to people who have suffered …

No South African bailout for Zimbabwe after Ramaphosa visit

March 12, 2019 8:22 pm

South African President Cyril Ramaphosa concluded a much-anticipated visit to Zimbabwe on Tuesday, dashing any lingering hopes that his country would bail out its economically-troubled neighbour.

Ramaphosa commended the new administration of Emmerson Mnangagwa for its bid to revive the economy and promised to explore a number of options of financial help.

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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