Finance

Zimbabwe’s economic agony continues as political strife more muted

Submitted by
admin
on
Mon, 10/19/2020 - 06:22

When schools returned in mid-September, most teachers did not, shifting the focus of industrial strife from the health to the education sector. It underlines the galloping inflation impacting the wages of public servants and other workers, and the huge pressures for change in Zimbabwean society.

Political tensions escalate, involving US, as economic impact of COVID-19 deepens

Submitted by
admin
on
Sat, 06/27/2020 - 06:17

The people of Zimbabwe are facing ever greater
hunger due to another poor harvest and the COVID-19 lockdown and its broader
impacts. The World Food Program is expanding its feeding program in response.
But the galloping inflation, reaching 765 per cent in the year to April, has

Economic reality blows away Zimbabwe government’s “anti-sanctions” excuses

Submitted by admin on Thu, 10/31/2019 - 05:56

Following the abject failure of the October 25 Anti-Sanctions Day, it is crystal clear that neither the people of Zimbabwe nor the international community can swallow the claims that “Western Sanctions” are the reason for the ongoing collapse of Zimbabwe’s economy and society.

August 16 protest against economic collapse will also test MDC

Submitted by admin on Sat, 08/03/2019 - 05:48

The economic collapse in Zimbabwe continues to deepen, with the government suspending publication of inflation figures until next February, and a prediction of at least a 3 per cent contraction in the economy overall – a recession. Electricity, water, cash, fuel and food are in short supply.