Border post company Zimborders Consortium is facing criticism after their new $240m Beitbridge project created large queues and complicated electronic ... payments - potentially violating the newly-signed Africa Continental Free Trade Area. Behind the deal: Businessman Glynn Cohen, a close ally of Zimbabwe president Emmerson Mnangagwa.
Since early 2000 to date, Zimbabwe’s economy has suffered distress and stagnation, undergoing periods of hyperinflation leading to the collapse ... of the national currency and the adoption of a multi-currency system in 2009. The government and its allies attribute this to sanctions, while others blame bad governance.
In mid-September, the Reserve Bank of Zimbabwe ordered banks and mobile money operators to freeze accounts of over 30 individuals it accused ... of facilitating illegal foreign currency trade via mobile platforms and social media. Analysts argue that while the government says it is seeking to fight inflation, such moves do not address the root causes of Zimbabwe's economic problems.
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The Pandora Papers, the latest offshore leak investigation by the International Consortium of Investigative Journalists (ICIJ), has implicated ... many African politicians – 49 to be exact - from Kenya’s President Uhuru Kenyatta to Gabon’s President Ali Bongo. In this roundup, we focus on five current politicians with secret links to offshore companies, and the implications of these revelations.
In mid-September this year, Zimbabwe’s power utility company imposed load shedding schedules lasting up to 12 hours. Efforts to boost electricity ... generation in the country have been hampered by corruption, particularly during the tender processing. However, these power cuts are set to further weaken an already fragile economy.
When Constantino Chiwenga, Zimbabwe's vice-president and health minister, suspended by-elections in October 2020 citing Statutory Instrument ... (SI) 225A as a means to curb Covid-19, many believed a new date would be set. Instead, the government has remained silent on the matter, with many wondering if this is truly a measure to control the pandemic, or a strategy by the ruling Zanu PF to stop the MDC Alliance from winning back seats it lost after the recall by its breakaway party, the MDC-T.
At the inauguration of Zambia’s new president Hakainde Hichilema (HH), a handful of Zimbabwe’s opposition members were present: Nelson Chamisa ... (MDC Alliance leader); his vice president Tendai Biti and Mmusi Maimane (former Democratic Alliance leader). Tanzania’s Zitto Kabwe (leader of the Alliance for Change and Transparency) was also present as Zambia turned the page on Edgar Lungu's government.