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VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to “stop economic hitmen” from sabotaging his under-fire administration. They said the measures, mainly the banning of lending by banks, were unconstitutional, inadequate, and ill-advised. Experts also said the measures would result in a serious economic …

Zimbabwe’s freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John Mangudya told state television on Tuesday. President Emmerson Mnangagwa on Saturday ordered the suspension with immediate effect, saying the move was meant to stop speculation against the …

JOHANNESBURG, South Africa – Robert Mugabe may be long gone, but Zimbabwe’s monetary madness lives on. With annual inflation nearing triple digits, Harare’s financial mandarins are trying to shore up confidence in the US$32 billion economy by banning bank lending. As with the other blunt policy tools it has deployed, …

WHEN Manicaland Development Association (MDA), a Zimbabwean non-governmental organisation, came up with the idea of establishing a skills training centre at Biriiri Business Centre in Chimanimani during the early 80s, there was jubilation among the locals, little did they know that one day the centre would be a curse. Indeed, …

HARARE – Activists who called for a national shutdown which was largely unheeded on Monday claimed partial victory after President Emmerson Mnangagwa announced that he had scrapped ZUPCO’s public transport monopoly, one of their key demands. The call for a “stay away” which was led by students, trade unions and …

EFFORTS by political and civil society activists to bring Zimbabwe to a standstill Monday flopped dismally after the majority of people went on their normal daily routines. Harare was a beehive of activity starting early morning hours, with reports from across the country also suggesting there was no sign of …

On May 7, Zimbabwe’s government came up with new measures to stabilise and bring confidence to the economy. It identified the fast-depreciating currency as the source of the recent increase in inflation, which was 15.5 percent month-on-month. Do the new policies measure up? The most far-reaching new measure is the …

The Environmental Management Agency (Ema) says Harare City Council (HCC) is spending at least US$3 million per month in treating water polluted by sewage effluence disposed into rivers. An estimated 383 mega litres (ML) of raw and partially treated sewage is discharged daily into the environment, according to a report …

GOVERNMENT’S knee-jerk reaction to the on-going economic implosion will not address the country’s economic woes, the Zimbabwe National Chamber of Commerce (ZNCC) has said. Zimbabwe is battling rising inflation which according to independent researchers is now second highest on the continent. Official statistics show that Zimbabwe’s year-on-year inflation for April …

HARARE– For Florence Panda, the best thing about her new house in eastern Zimbabwe is not the modern design or the size, big enough for her family of nine. It’s the fact that the house is built with cement bricks and mortar, so it should stay standing through a major storm …