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Tag: Zimbabwe

Reserve Bank of Zimbabwe introduces new currency

🇿🇼 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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April 5, 2024
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 “assisting police with investigations”. She…
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March 23, 2024
Russia donates wheat and fertiliser to Zimbabwe

HARARE, ZIMBABWE — 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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March 23, 2024
Richer countries seek to grab large swathes of land in Africa as “carbon credits” to offset their own carbon emissions – it’s a colossal scam

As has become commonplace at such gatherings, the theme this week at the United Nations Climate Summit (“COP28”) 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 “looming land grab” in Africa by corporations in richer countries to…
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December 11, 2023
Zimbabwe turns to BRICS bank for funding

Zimbabwe intends to join the New Development Bank (NDB), the multilateral bank set up by the vibrant BRICS states, to expand sources of capital for infrastructure development, according to Finance, and Economic Development Minister Professor Mthuli Ncube. Mthuli revealed this in an interview with CGTN Africa, an African division of China Global Television Network, the…
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July 12, 2023
In Zimbabwe, digital gold beats bitcoin

The Reserve Bank of Zimbabwe is trying something new. Or rather, something very old. You think you’ve got problems? Consumer price inflation in Zimbabwe is running at 75% a year. And that’s only the official rate. The International Monetary Fund thinks it’s nearer 175%. Either way, you get your paycheck and you run, not walk,…
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June 23, 2023