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Lockdown: Mugabe’s brute force on show

Lockdown: Mugabe’s brute force on show

HARARE came to a standstill yesterday, as President Robert Mugabe’s government, in an unprecedented show of force, brought out its anti-riot hardware to ruthlessly crush a planned protest by opponents of his regime’s introduction of a surrogate currency, bond notes. Zimbabwe’s capital was teeming with security agents, while roads leading […]

Bond notes: Zimbabwe’s answer to cash woes?

Bond notes: Zimbabwe’s answer to cash woes?

It was still not clear on Tuesday whether the introduction of a new currency, bond notes, would stave off the collapse of Zimbabwe’s fragile economy. Zimbabwe is so short of cash it cannot afford many key imports, and civil servants have been paid late every month so far this year. […]

Mugabe keeps envoys guessing

Mugabe keeps envoys guessing

President Robert Mugabe has kept at least four envoys from European capitals unaccredited months after they arrived in the country, citing a busy schedule. Diplomatic sources told NewsDay this week that one of the diplomats awaiting accreditation had to seek refuge in his house during an official function at his […]

Bollars: Fuel retailers not pumped up

Bollars: Fuel retailers not pumped up

ZIMBABWE introduced its new currency on Monday to mixed market reaction — broad acceptance by major retailers, informal traders and public transport operators — but without the crucial buy-in of fuel retailers. The country dumped its inflation-ravaged currency — the Zimbabwe dollar — in 2009 after printing a $100 trillion […]