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Business


john mangudya

Zimbabwe’s central bank has asked the International Monetary Fund to overlook the country’s shortcomings in achieving fiscal targets and allow a program to help restore the economy to run its course. Eddie Cross, a member of the monetary policy committee who attended the meetings held with the Washington-based lender’s delegation on Thursday, said policy makers …

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Zimbabwe’s so-called fear gap has returned as the southern African nation’s currency crisis shows little sign of abating six weeks on from disputed elections. Stocks in Harare, the capital, have long traded above their fundamental value. Zimbabweans are rushing into the market to buy shares as a hedge against inflation, which is accelerating as the …

Ten years after hyperinflation peaked in Zimbabwe at an estimated 500 billion percent, the country’s economy still lies in ruins, unable to fund basic public services and plagued by mass unemployment and emigration. Zimbabwe’s long and painful suffering is an ominous lesson for Venezuelans facing currency devaluations in a desperate bid by their government to …

Emmerson Mnangagwa hoped that the days after winning Zimbabwe’s first election without Robert Mugabe would be full of promises of investment and IMF loans to fix a broken economy. But a ferocious crackdown in the wake of last month’s disputed poll has shattered those illusions. Ever since soldiers fired at demonstrators claiming the July 30 poll …