The Reserve Bank of Zimbabwe (RBZ) has cut the policy rate to 20 percent from 130 percent previously as it bets on measures to stabilize the newly introduced Zimbabwe Gold (ZiG) currency. The Central Bank has been pegging restrictive interest rates, peaking at 200 percent in
Ifedotun Aina, University of Cape Town The main water supply to South Africa’s economic hub, greater Johannesburg in the Gauteng province, and to the country’s breadbasket in the Free State, is scheduled to be cut off for six months. Maintenance work on the 37 kilometre Lesotho
ActionAid Zimbabwe has urged the government of Zimbabwe to address the root causes of economic challenges and restore confidence in the economy before introducing a new currency. On Friday, the newly appointed Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu presented his first monetary policy statement
Harare-based hip hop artist M.G Hkh, also known as Prince Peter Moyo, has unveiled the music video for his newest single, "No Pressure," featuring Mandala Jecha Mafia. Produced by Mr. Oblk, the captivating visuals were brought to life by Leek Shot This, with direction from
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has expressed grave concerns over the Reserve Bank of Zimbabwe’s recent declaration of a new local currency. The Union, which stands for the country’s educators, has openly criticized the Reserve Bank, the Ministry of Finance, Economic Development
Zimbabwe’s sports tourism is set to benefit immensely with the coming on board of Hills Luxury Golf Estate whose ground breaking ceremony is set for the first week of May. The live, work, shop and play mixed use estate is setting the tone for luxury living,
Tafadzwanashe Mabhaudhi, London School of Hygiene & Tropical Medicine Drought disasters in southern Africa are mainly attributed to a lack of preparedness, inadequate response and mitigation and poor risk reduction measures. With little to no preparation for drought disasters, such as the failure of the staple
South Africa and Nigeria are moving to license cryptocurrency firms to ensure that the benefits of virtual currencies accrue locally, as Africa's off-the-grid transaction values shoot higher than the GDP of Kenya. Conrad Onyango, bird story agency Regulators in Africa are taking steps to bring crypto entities
In Zimbabwe, a silent epidemic is claiming the lives of children. Fanconi Anemia (FA), a rare genetic disorder leading to bone marrow failure, is more than just a medical term—it’s a harsh reality for families grappling with the disease’s devastating impact. Sylvia Sanyanga, the founder of
The Zimbabwe Anti-Corruption Commission (ZACC) has detained Brian Murewa, the former Director of Investment of the National Social Security Authority (NSSA), on fraud charges. Murewa, who had been evading capture for more than a year, was apprehended at his residence in the upscale Borrowdale neighbourhood
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