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Zimbabwe: Malawian Migrants Blame Financial Woes On Sanctions
New Zimbabwe, 18 October 2019
Malawian nationals living in Zimbabwe have been severely affected by their host country's economic tailspin. Read more »
This comes after the bread price had been continuously going up since 2018 due to a shortage of wheat and foreign currency. Zimbabweans can barely keep pace with the price increases that have rekindled fears of hyperinflation which reached 500 billion percent a decade ago and forced the southern African country to trash its own currency. In February, faced with acute shortages of U.S. dollars, Zimbabwe introduced a new currency which has been losing value ever since, forcing companies to increase prices.
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In its latest assessment of the situation in Zimbabwe, the Food and Agriculture Organisation of the United Nations (FAO) says the number of food insecure Zimbabweans is projected ... Read more »
The energy price hike comes at a time of daily rolling power cuts which have plunged parts of the country into darkness for up to 18 hours a day and forced businesses to operate at ... Read more »
According to a survey carried out by industrial psychology consultants, titled Employee Spending Patterns Survey Report, 80% of Zimbabweans neither have savings nor an emergency ... Read more »
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