Tag: Economy

Mugabe ‘has nothing to do with cash shortages’

Mugabe ‘has nothing to do with cash shortages’

A Zimbabwean minister has reportedly defended President Robert Mugabe’s State of the Nation Address (SONA), which left many “disappointed”, as it did not address critical issues affecting the southern African country. According to New Zimbabwe.com, Information and Broadcasting Services Minister Chris Mushohwe came to the veteran leader’s defence after opposition […]

Mugabe appeals for calm amid economic crisis

Mugabe appeals for calm amid economic crisis

Zimbabwe President Robert Mugabe has appealed for calm as his government battles to contain a debilitating economic crisis. The 92-year-old president appeared frail but jovial, struggling with his lines a bit as he delivered a 30-minute State of the Nation address on Tuesday. He praised the country’s security forces for […]

Zimbabwe – money (or lack of it) again

Within five days of issuing a new currency in Zimbabwe, the cash ran out at commercial banks in many parts of the country. Last week Zimbabwe’s central bank released about $12 million of new cash, known as bond notes, and this money is supposed to have the same value as […]