Zimbabwe's ZiG shift has quashed a more than 330 per cent Zimbabwe Stock Exchange (ZSE) surge this year, leaving investors grappling with the consequences, Bloomberg reported.
ZiG, backed by gold, replaced the Zimbabwean dollar, which had already (...)
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the parallel market, according to the state-controlled Sunday Mail Newspaper.
The planned actions might include changing the weekly foreign (...)
Zimbabwe is facing a cholera crisis that has killed many people, over 150, and spread again over the last month to different areas, especially Harare, as health authorities have reported more than 8,000 suspected cases since February.
Since the (...)
Blue Carbon, a UAE-based environmental asset developer has signed a memorandum of understanding (MoU) with Zimbabwe to generate carbon credits from about a fifth of the African country's 150,000 square-mile landmass.
The MoU may bring $1.5 billion (...)
Chairperson and Managing Director of the Administrative Capital for Urban Development (ACUD) Khaled Abbas has signed a memorandum of understanding (MoU) with Zimbabwe's New City Development Corporation in Mount Hampden.
The MoU aims to enhance (...)
The African Development Bank Group (AfDB) had developed the financial tools required to pay $3 billion in compensation for white farmers who lost land and other assets in Zimbabwe, according to its statement on Monday.
The new proposal would (...)
Zimbabwe is embarking on massive reconstruction and rehabilitation of major road networks to enhance domestic and regional connectivity and spur economic growth.
The country's road network of highways and urban roads had fallen into disrepair after (...)
Hati Maronjei once swore he would never get a COVID-19 shot, after a pastor warned that vaccines aren't safe.
Now, four months after the first batch of vaccines arrived in Zimbabwe, the 44-year-old street hawker of electronic items is desperate for (...)
Zimbabwe's Foreign Minister Sibusiso Moyo, who gained prominence in 2017 as the military general who announced the coup against then-president Robert Mugabe on television, has died from COVID-19, the government announced Wednesday. He was 61.
Moyo, (...)
The United States on Tuesday summoned Zimbabwe's ambassador after the ruling party insulted the US envoy in Harare and accused him of fomenting anti-corruption protests.
Patrick Chinamasa, spokesman for the ruling Zanu-PF party, on Monday called US (...)
Drinking alcohol will kill the coronavirus. It is OK to share face masks. Africans cannot get COVID-19. The pandemic is not even real.
These are some of the coronavirus myths that a team of 20 Zimbabwean youth have been busting online since the (...)
Lessons via radio or TV. Math problems in newspapers. Classes on Zoom or WhatsApp.
The options for African students to keep studying while schools remain closed because of the coronavirus pandemic seem varied, but the reality for many is that they (...)
Martha Kahari was already struggling to make ends meet after Zimbabwe's coronavirus lockdown forced her to stop selling second-hand clothes and tomatoes at the side of the road in the capital Harare.
Then the council came to tear down her (...)
At least 31 anthrax human cases have been reported in at least two districts in Zimbabwe since the end of 2019 with 28 people diagnosed in Bikita District, Masvingo Province, and three others in Marondera District, Mashonaland East Province.
At (...)
Zimbabwe police have given main government workers' union green light to protest on Wednesday to press for higher pay as inflation rendered their wages worthless.
The decision adds to President Emmerson Mnangagwa's woes as state doctors entered (...)
Over the last decade, Dubai has seen strong growth within the tourism sector through its new attractions, landmarks, and shopping venues. In the first six months of the year, about 8.36 million tourists visited Dubai, and they are estimated to reach (...)
Zimbabwean doctors protesting the alleged abduction of a union leader have been met by a line of police in the capital as fears grow about government repression.
The Zimbabwe Hospital Doctors Association has said its president Peter Magombeyi was (...)
Zimbabweans on Saturday mourned the death of their founding father Robert Mugabe, but there was confusion over when his body would be returned from abroad for burial, two years after he was toppled in a coup.
Mugabe died on Friday aged 95 in (...)
Robert Mugabe, the former leader of Zimbabwe forced to resign in 2017 after a 37-year rule whose early promise was eroded by economic turmoil, disputed elections and human rights violations, has died. He was 95.
His successor President Emmerson (...)
Zimbabwe is set to secure more electricity imports over the next few weeks, potentially easing rolling power cuts, a treasury official said on Monday.
The move comes after the southern African nation agreed to make payments to clear its debt to a (...)
Zimbabwe's central bank on Wednesday sought to raise 30 million Zimbabwe dollars ($3.27 million) from its first public auction of treasury bills since 2012.
Between 2013 and last year, the government held private auctions for banks and insurance (...)
The Zimbabwe Football Association have confirmed the death of a female fan in a stampede outside of the National Stadium in Harare ahead of Sunday's Africa Cup of Nations qualifier against Congo.
According to local media reports, Mai Tadiwa was (...)
The situation in the port city of Beira in Mozambique was “boiling” as residents suffered shortages of food, water and other essentials one week after a devastating cyclone, the head of a South African rescue operation said on Friday.
Cyclone Idai (...)
The situation in the port city of Beira in Mozambique was "boiling" as residents suffered shortages of food, water and other essentials one week after a devastating cyclone, the head of a South African rescue operation said on Friday.
Cyclone Idai (...)
Cyclone Idai killed at least 157 people in Zimbabwe and Mozambique as it tore across Southern Africa, officials and state media said on Monday, and vast areas of land have been flooded, roads destroyed and communications disrupted.
The Mozambican (...)