Tag: Zimbabwe
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Zimbabwe to build stadium in Victoria Falls for Cricket World Cup
๐ฟ๐ผ ๐ The new stadium’s completion is slated for August 2025. It will be funded and owned by Zimbabwe Cricket (ZC) for the next 25 years. ๐ The 10,000-seat facility will serve as a venue for the 2027 International Cricket Council World Cup, co-hosted by Zimbabwe, South Africa, and Namibia. Beyond cricket, the stadium will…
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All assets acquired corruptly in Zimbabwe and stashed overseas will be uncovered and confiscated, the Zimbabwe Anti-Corruption Commission (ZACC) and the country’s prosecutor-general say
๐ฟ๐ผ Zimbabwe’s Prosecutor-General, Justice Loice Matanda Moyo, and ZACC Chairperson Michael Reza made the statement at a capacity building workshop on financial investigations and asset recovery, organized by the International Centre for Asset Recovery (ICAR). “It is time that we totally eradicate corruption in Zimbabwe and recover the stolen assets. As a result of these…
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Zimbabweans forced to use US dollar in absence of new currency ZiG
๐ฟ๐ผ Here we go again: Zimbabweans forced to use US dollar in absence of new currency ZiG Zimbabweโs informal traders who account for about 75% of all employment in the nation have stopped accepting the ZIMdollar also know as RTGS dollar fearing its value has declined. The new ZIG currency which was supposed to be…
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Three more African countries withdraw J&J baby syrup after toxicity reports
๐Drug regulators in Zimbabwe, Rwanda and Tanzania have announced the recall of a shipment of Benylin baby syrup made by the US-based Johnson & Johnson unit Kenvue, following similar actions by South Africa and Nigeria over alleged toxicity. Nigeria’s health authority found dangerously high levels of diethylene glycol in children’s cough syrup last week, a…
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Zimbabwe’s transition to new ZiG currency reportedly prompts banking disruptions
๐ฟ๐ผ Banking operations in Zimbabwe have been disrupted as financial institutions rushed to convert all Zimbabwe dollar account balances to ZiG, the new legal tender, media reported. Thus, ZimSwitch, the national payments platform provider, revealed that processing of local dollar transactions across financial institutions is currently unavailable. Nedbank, a South African banking giant operating in…
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Zimbabwe unveils new currency as depreciation, inflation stoke turmoil
๏ฟ Zimbabwe on Friday launched a new currency to replace its previous one that in recent months has been battered by depreciation, and in some instances rejection by the population. Authorities hope the new measure will halt a currency crisis underlining the countryโs yearslong economic troubles. Reserve Bank of Zimbabwe Gov. John Mushayavanhu said the…
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Reserve Bank of Zimbabwe introduces new currency
๐ฟ๐ผ Zimbabwe Gold (ZiG) will be issued in the form of banknotes and coins, Russian media reported, citing the head of the country’s Reserve Bank. All reserves of the Zimbabwean dollar will be transferred to the new currency, backed by reserves of foreign currency and precious metals mined in the country, said John Mushayavanu. The…
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Zimbabwe mining boss arrested for fraud
The Zimbabwe Miners Federation (ZMF) president has been arrested for fraud after allegedly attempting to sell three mines she does not own. Police spokesperson Paul Nyathi told local media that Henrietta Rushwaya had been taken into police custody after receiving a complaint about mining transactions. Nyathi added that Rushwaya was โassisting police with investigationsโ. She…
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Russia donates wheat and fertiliser to Zimbabwe
HARARE, ZIMBABWE โ Russia donated 25,000 tons of grain and 23,000 tons of fertilizer to Zimbabwe to help combat the effects of El Nino-induced drought, which has dwindled crop yields in most parts of Southern Africa. President Emmerson Mnangagwa accepted the donation Wednesday, saying it would help alleviate the drought Zimbabwe is coping with and…
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Richer countries seek to grab large swathes of land in Africa as โcarbon creditsโ to offset their own carbon emissions โ itโs a colossal scam
As has become commonplace at such gatherings, the theme this week at the United Nations Climate Summit (โCOP28โ) has been reducing carbon emissions. The underlying, more sinister theme is to reduce emissions worldwide and is tantamount to modern-day colonialism. The Financial Times reported there is a โlooming land grabโ in Africa by corporations in richer countries to…
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