-
Zimbabwe: Shock As 50 Firms Cling to Half of Country's Bank Balances
New Zimbabwe, 30 October 2019
Reserve Bank of Zimbabwe (RBZ) says only 50 companies operating in the country are holding half of the total $19 billion balances held across the country's banking sector, posing a… Read more »
Shock As 50 Firms Cling to Half of Zimbabwe Bank Balances
The Reserve Bank of Zimbabwe says only 50 companies operating in Zimbabwe are holding half of the total balances held across the country's banking sector, posing a high risk of manipulation and pushing up exchange rates on the parallel market, New Zimbabwe's Alois Vinga writes. The southern African country's economy is caught in a crisis with shortages of fuel, medicine, and currency as well as hyperinflation which has seen many families living on a single meal a day.
-
Zimbabwe: Govt to Circulate New Dollar Note and Coins to Fight Cash Crisis
The Herald, 30 October 2019
New $5 notes and $2 coins will be in circulation within a fortnight to ease cash shortages that have resulted in cash barons charging premiums of up to 60 percent and the… Read more »
InFocus
-
At least 61% of students attending public schools have been turned away from classes for non-payment of fees despite government's directive not to send learners away, the Zimbabwe ... Read more »
-
Teachers and doctors, who make up the bulk of Zimbabwe's public service, have rejected the government's wage offer, with medical personnel threatening to strike if their demand to ... 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 ... Read more »
-
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 »
