LATEST ARTICLES

No extra power until you pay US$80m arrears, neighbours tell Zimbabwe

Zimbabwe needs to raise US$80 million to clear arrears with its regional electricity suppliers before it can ramp up imports to ease a critical power shortage. 
Zimbabwe power crisis

Power struggle: How corruption and poor planning left Zimbabwe in the dark

Zimbabwe’s power utility says the rolling power cuts the country is facing have been caused by low water levels at Kariba. This is true, but it is...

Air Zimbabwe bid fail shows why Mthuli’s privatisation plan is yet to take off

Finance Minister Mthuli Ncube hopes to speed up his stalled privatisation plan this year, but a failure by Air Zimbabwe to secure credible investors is a reminder...
Chamisa Zimbabwe

GUEST COLUMN | Zimbabwe has a tragic failure of leadership. We can correct it...

In 2008, Nelson Mandela said there was a “tragic failure of leadership” in Zimbabwe. His words have never been truer than they are today. There...

“It’s not the interest rate”: How Mangudya is defending his under-fire rate policy

Reserve Bank of Zimbabwe governor John Mangudya on Monday defended the central bank’s interest rate policy against charges that negative rates were fuelling exchange rate instability and...
Zimbabwe currency

Five numbers in Mangudya’s statement that show depth of Zimbabwe’s crisis

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya served up his first monetary policy speech of the year on Monday in typical fashion; over-optimistic bluster topped with...

RBZ rejects US$861m dodgy forex debt claims

The Reserve Bank of Zimbabwe (RBZ) has processed claims for foreign currency-denominated legacy debt worth US$1.2bn, rejecting dodgy requests worth US$861 million, governor John Mangudya revealed...

Mangudya insists de-dollarisation on course, reassures FCA holders

Zimbabwe is well on course to complete de-dollarisation, with the process expected to take five years, central bank governor John Mangudya said on Monday.