Zimbabwe:Jonathan Moyo Throws Jab At Central Bank Chief Mangudya

[263Chat] Self-exiled and former Cabinet Minister, Professor Jonathan Moyo has thrown a jibe at Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya over his claims that price hike of commodities which have this week doubled coupled with fuel and drug shortages are all caused by panic buying with the former saying the problem with the Southern African country’s economy is governance.

Continue reading

Zimbabwe: Causes of Price Hikes Under Probe

[The Herald] Government yesterday engaged captains of industry and Reserve Bank of Zimbabwe (RBZ) officials with a view to locating and solving challenges that triggered recent price increases and hoarding of products by consumers.Industry and Commerce Minister Dr Mike Bimha said last night that he held marathon meetings with representatives of the Confederation of Zimbabwe Industries (CZI), Zimbabwe National Chamber of Commerce (ZNCC), Oil Expressers Association of Zimbabwe and Confederation of Zimbabwe Retailers (CZR

Continue reading

Zimbabwe: More Bond Notes Fuel Uncertainty

[Zimbabwe Independent] Instead of bringing a sense of relief and stability, the announcement by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya in his mid-term monetary policy statement last week that he will soon inject an additional US$300 million in bond notes has only helped to fuel uncertainty. This shows that unless there is a major policy shift, the economy will remain in the doldrums, analysts say.

Continue reading

Zimbabwe: Minister Chimene Says Bond Notes a Tool to Fight Sanctions

[New Zimbabwe] The minister of state for Manicaland province, Mandi Chimene, pleaded with locals and the business community to embrace bond notes, saying they would help burst the sanctions regime imposed on Zimbabwe by Western countries.

Continue reading

Botswana: Govt Lies Exposed as Diamond Mine Opens on Bushman Land

[Survival International]A $4.9bn diamond mine will open on September 5 in the Central Kalahari Game Reserve, the ancestral land of Africa’s last hunting Bushmen, exactly ten years after the Botswana government claimed there were “no plans to mine anywhere inside the reserve.”

Continue reading