Zimbabwe: Govt Splurges Millions On Military Bosses' Cars

Zimbabwe's cash-strapped government has splurged millions of United States dollars on top-of-the-range vehicles, which include Toyota Hilux and Land Cruisers, for senior military… Read more »

Zimbabwe: Runaway Inflation Deepens Economic Crisis

The increase in year-on-year inflation to 765,57% for April as well as the 22% increase in the cost of living has brought to the fore the deepening economic crisis in the country… Read more »

Zimbabwe: High Court Blocks Big Eight Fuel Monopoly

The 2020 licensing of fuel-import companies has taken a dramatic twist after the High Court declared null and void the Zimbabwe Energy and Regulatory Authority (Zera)'s decision… Read more »

Zimbabwe: Drax Scam - New Indictment On Mnangagwa's Regime

The controversy surrounding the recent awarding of a US$1 million procurement contract without going to tender to Drax International, whose beneficial owner has close ties with… Read more »

Zimbabwe: Norton Town Ordered to Plug Raw Effluent Leakages in Manyame

High Court judge Justice Siyabona Musithu has directed Norton Town Council to stop discharging raw effluent into Manyame Dam, which serves potable water to Harare and its satellite… Read more »

Zimbabwe: Khupe Is Being Used By the System to Foment Turmoil

The opposition MDC is in the middle of a political crisis, with rival groups fighting for the heart and soul of a party whose founding leader Morgan Tsvangirai made decisions that… Read more »

Zimbabwe: 'Policy Flip-Flopping Crippling Real Estate'

Property investment and development company Mashonaland Holdings Limited recently published its first-quarter trading update in which it outlines some of the problems bedevilling… Read more »

Zimbabwe: Chinese-Owned Anjin Gets Fresh Diamond Mining Claims

President Emmerson Mnangagwa's government has allocated fresh diamond mining claims to Anjin Investments in Chiadzwa, in Manicaland province, four years after the company was… Read more »

Zimbabwe: Fuel, Forex Shortages Eat Into Hwange Bottom Line

Hwange Colliery Ltd has reported an after-tax loss of 65% for the first quarter ended March 31, 2020, owing to high inflation, as well as shortages of fuel and foreign currency. Read more »

Zimbabwe: MDC-Alliance Abductions Unsettle Top Police Officers

Mistrust and suspicion have intensified within the police in the wake of the alleged abduction and torture of three MDC-Alliance youth leaders with panicky commanders this week… Read more »

Zimbabwe: Khupe's Party Plunged Into Chaos

The MDC-T led by Thokozani Khupe has been plunged into chaos amid deepening divisions within the interim leadership.The development comes at a time the party is awaiting a High… Read more »

Zimbabwe: Kasukuwere Farm Take-Over Scuttles U.S.$5 Million Investment

The invasion of former Local Government minister Saviour Kasukuwere (pictured)'s thriving Cornucopia Farm in Mazowe in Mashonaland Central province by a war veteran comes after the… Read more »

Zimbabwe: 'Overreliance On China to Derail Zimbabwe's Recovery'

Zimbabwe is highly exposed to any sharp economic slowdown in China due to what will likely be an overreliance on the Asian economic powerhouse for financial support. Read more »

Zimbabwe: COVID-19 Bombshell - Zim Test Kits Run Out

Zimbabwe is sitting on a potentially catastrophic Covid-19 timebomb as the government is fast running out of test kits and protective clothing, resulting in a huge backlog of… Read more »

Zimbabwe: COVID-19 - Firms Must Engage Professional Accountants

A volatile mix of high inflation and Covid-19 turmoil has thrown Zimbabwe's financial reporting system into a tailspin. Chartered accountants have a front-row seat as this… Read more »

Zimbabwe: Cost of Living Skyrockets

The cost of living in Zimbabwe skyrocketed by ZW$324 to ZW$7 171 by the end of April last month due to an increase in fuel prices, limited supply of some basic products as well as… Read more »

Zimbabwe: Mozambique's Problems Are Ours Too

A few months ago, I travelled to Mozambique. I was struck by the stark dichotomy -- on one hand -- between the unmistakeable sense of optimism which is palpable when you talk to… Read more »

Zimbabwe: 'Money Printing Impact Is Worse Than COVID-19'

The Zimbabwe National Chamber of Commerce (ZNCC) has warned government against printing money to fund the ZW$18 billion Covid-19 Economic Recovery and Stimulus Package saying to do… Read more »

Zimbabwe: Ghost of Abductions, Torture Strikes Again

March 10 began on a sombre note for me. At the Dutch Reformed Church along Samora Machel Avenue in Harare, we marked five years since the disappearance of pro-democracy campaigner… Read more »

Zimbabwe: 'I Won't Forgive Brutal Security Agents'

Henry Chimbiri, the father of MDC-Alliance activist Cecilia Chimbiri (pictured), who was reportedly abducted and tortured by suspected state security agents, says he broke down… Read more »

Zimbabwe: 'Artisanal, Small-Scale Miners Need Support'

The Zimbabwe Environmental Lawyers Association (Zela) has urged the government to focus more on giving back to the artisanal and small-scale mining sector during the… Read more »

Zimbabwe: Zimplow Eyes Improved Performance

Listed agro-industrial firm Zimplow Holdings Limited is optimistic that there will be an improved performance across all its business units in full-year 2020 buoyed by various… Read more »

Zimbabwe: New Zimdollar Notes - Streets Know No Data

Zimbabwe this week entered the second phase of the injection of new banknotes into circulation since the reintroduction of the local currency in 2019. Read more »

Zimbabwe: Fixed Exchange Rate - More Harm Than Good

The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of US$1 to ZW$25 on March 26, 2020. Two weeks earlier (on March… Read more »

Southern Africa: Impact of COVID-19, Implications for SADC

This is an abridged version of a special report titled Impact of Covid-19 Pandemic on Sadc Economy (Volume 1 April 2020) by the bloc's Macro-economic Subcommittee which was tasked… Read more »