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Southern Africa - Page 16

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US$5M Allegedly Stolen in Bulawayo Bank Robbery

Armed robbers have reportedly carried out a brazen heist at an Ecobank branch in Bulawayo, Zimbabwe, potentially stealing up to $5 million (£3.9m). The incident is said to have occurred around 3:30 PM local time on Thursday at the bank’s branch on
October 3, 2024
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Zimbabwe President Mnangagwa Vows to Revamp Health Sector

Zimbabwe’s President Emmerson Mnangagwa has pledged to overhaul the country’s struggling health sector. In his State of the Nation Address, Mr Mnangagwa promised to provide essential drugs and equipment to hospitals nationwide. “Government is availing resources for the acquisition of essential medicines
October 3, 2024
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Zimbabwe – Shops Limit Sales as Currency Crisis Deepens

Shops across Zimbabwe have begun limiting customers to “one item per person” for essential products like milk, as panic buying sweeps the nation following another currency crisis. The country’s latest currency, the Zimbabwe Gold (ZiG), supposedly backed by physical gold, lost 43%
October 2, 2024
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Zimbabwe MP Demands Answers on Gold-Backed Currency Slump

A Zimbabwean lawmaker has called on the country’s finance minister to explain why the nation’s new gold-backed currency has dramatically lost value, despite rising global gold prices. Itai Ndudzo, MP for Wedza North, raised the issue in parliament on Tuesday, requesting that
October 2, 2024
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Zimbabwe sharply raises interest rates amid currency pressures

Zimbabwe’s central bank has dramatically increased its main interest rate from 20% to 35% in an attempt to stabilize the economy and curb inflationary pressures. The Reserve Bank of Zimbabwe announced the measure following a meeting of its Monetary Policy Committee (MPC)
September 27, 2024
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Woman jailed 10 years for knifing husband’s lover to death

A Zimbabwean woman has been sentenced to 10 years in prison for fatally stabbing her husband’s girlfriend. Stacey Mkandla, 34, killed Brightness Phiri after finding her in bed with Mkandla’s husband in Gweru, central Zimbabwe. The attack took place in February when
September 26, 2024
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