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Zimbabwe Latest News - Page 2

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Zimbabwe Declares State of Disaster After Mbare Market Fire

Zimbabwe’s President Emmerson Mnangagwa has declared a state of disaster following a devastating fire that destroyed the Mbare Traders Market in Harare last week. The blaze, which occurred on 8 October, ravaged the retail section and parts of the wholesale market, affecting
October 15, 2024
zimbabwe teachers

Zimbabwe MPs Raise Alarm Over Teachers’ Financial Crisis

Parliamentarian describes educators as “paupers” unable to afford medical care Teachers in Zimbabwe have been reduced to “paupers” who cannot afford basic medical care, according to a member of parliament who has called for urgent government action. Leslie Mhangwa, MP for Chinhoyi,
October 10, 2024
President Emmerson Mnangwa Sona

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
mthuli ncube

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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