Tag: Zimbabwe
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Zimbabwe government to pay civil servants in US dollars due to devaluation of the ZiG
The government of Zimbabwe, in an attempt to mitigate the impact of the recent devaluation of the ZiG, has announced that salary raises and an annual bonus for civil servants in the country will be paid in US dollars. According to the Minister of Public Service, Labour, and Social Welfare, July Moyo, the move by…
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Zimbabwe compensates foreign and local farmers over land invasions
The Zimbabwean government will this month pay an initial $20 million to foreign white and local Black farmers who lost land in farm invasions under former leader Robert Mugabe at the turn of the century, the finance minister said on Friday. The spending was allocated in the 2024 budget as part of a series of…
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Russia is considering cancelling visas for several African countries
Russia is considering cancelling visas for several African countries. Moscow is preparing agreements on a visa-free regime with nine countries in Africa and the Middle East, according to Alexei Klimov, head of the Consular Department of Russian diplomacy. Previously, the Russian Foreign Ministry announced that Russia was in talks to simplify visa regimes with several…
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“A people without history is a ball rolling in any direction”: Herero paramount chief calls for reparations and remembrance
The first International Conference on the Herero Genocide: 120 Years of Survival and Struggle has opened in Namibia, marking a crucial step in the ongoing fight for justice and recognition of the atrocities committed by the German Empire against the Herero and Nama people. Paramount Chief Mutjinde Katjiua, leader of the Ovaherero Traditional Authority, emphasized…
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A visa-free travel agreement between Russia and Zimbabwe can be signed in November
A visa-free travel agreement between Russia and Zimbabwe, aiming at boosting passenger traffic between the two countries, is being considered, with a potential signing on the sidelines of the fifth meeting of the bilateral Intergovernmental Commission in Moscow on November 5-7, Russian Ambassador to Zimbabwe Nikolay Krasilnikov told Russian media. Currently, a single entry visa…
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Zimbabwe’s President Mnangagwa calls for transforming resources into tangible products through innovation
“It is not enough for us to talk about having abundant minerals and other natural endowments without translating these into tangible products,” Emmerson Mnangagwa said at the Second Presidential Innovation Fair 2024 Awards Ceremony in Harare on Wednesday. The leader emphasized the importance of building robust value chains in key sectors like mining, agriculture, drug…
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Zimbabwe’s new currency faces headwinds five months on
Five months after its launch, Zimbabwe’s new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government’s plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold, is the country’s sixth attempt at a stable currency in…
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Zimbabwe central bank head announces plans to target saboteurs of gold-backed currency
Zimbabwe’s central bank has pledged to intensify efforts against those undermining the nation’s gold-backed currency, the ZiG, which has seen a sharp decline on the parallel market. While the ZiG is trading at 13.94 per US dollar on the official market, it’s quoted between 16 and 26 on the unofficial market. In an emailed response…
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The number of countries investing in Zimbabwe rose by 35% to 46 last year, the government says
The Zimbabwean government also issued licenses to 615 new foreign investors, a 130% increase from 2022, said Willard Manungo, deputy chief secretary in the Office of the President and Cabinet, at a recent Zimbabwe Investment and Development Agency (ZIDA) stakeholder forum. According to him, China remains Zimbabwe’s largest investor, with new investments coming from South…
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Lithium industry in Africa
Lithium industry in Africa: an expert on recent developments and future prospects Zimbabwe has taken the lead in sub-Saharan Africa’s lithium boom, according to the AmaranthCX network of experts. The alkali metal is a key component in modern batteries. According to Samir Bhattacharya, an associate fellow at the Observer Research Foundation, the southern African nation,…
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