Zimbabwes

In a profound response to a tragic incident at Manyame Bridge on the Chitungwiza Highway, President Emmerson Mnangagwa has designated the event as a national disaster. This declaration serves as a clarion call for urgent and comprehensive reforms aimed at addressing what he has aptly dubbed the "bloody traffic jungle" that has become synonymous with Zimbabwean roads. Reflecting on the recent calamity, which involved a collision between a truck and an omnibus, Mnangagwa underscored the grim reality that Zimbabweans face…

Examining the Rise of the Informal Economy in Zimbabwe: A Call for Action In a revealing milestone for Zimbabwe’s economic landscape, the nation's inaugural economic census has shed light on a significant and often overlooked aspect of its economy: the informal sector. The results are nothing short of striking. They paint a vivid picture of how deeply embedded informal enterprises have become in the fabric of everyday life for many Zimbabweans. Have you ever stopped to ponder how much of our daily commerce remains…

In recent weeks, an intriguing tug-of-war has emerged within Zimbabwe's ruling party. A faction is fervently championing the idea of President Emmerson Mnangagwa pursuing a third term in office, a proposition that ignites deep divisions within Zanu-PF. Meanwhile, another faction rallies around the president's deputy, Constantino Chiwenga, positioning him as a viable alternative for leadership. What does this power struggle reveal about the dynamics at play in Zimbabwean politics? Experts are weighing in on the implications…

In June, Zimbabwe reached a significant milestone: its gold and foreign-currency reserves backing the newly minted bullion-backed currency, the ZiG (Zimbabwe Gold), hit a record high. As reported by the central bank, this development not only signifies a turn in economic fortunes for the nation but also hints at the resilience of a country striving to lift itself from the depths of financial despair. The reserves surged impressively to $731 million—up from $639 million in May and almost tripling from the $276 million…

Embracing the Future: Africa's First AI Factory In an exciting development, the collaborative efforts of two visionaries, Zimbabwean entrepreneur Strive Masiyiwa and Nvidia's CEO Jensen Huang, are paving the way for Africa's first AI factory. This landmark initiative, facilitated through Masiyiwa's Cassava Technologies and Huang's Nvidia, a powerhouse in the tech industry, is a significant stride toward revolutionizing the digital landscape of the continent. The heartbeat of this initiative is pulsating in…

Recent reports have surfaced suggesting that the Zimbabwean government is allegedly backing the controversial businessman Wicknell Chivayo in his ambitious bid to supply over $400 million worth of medical drugs and equipment through his South African company, TTM Global Medical Exports (Pvt). This proposition, while highly lucrative, raises significant ethical and legal questions. Wicknell Chivayo, a name synonymous with both ambition and controversy, is officially listed as a director on the company’s website. TTM Global…

The Zimbabwe Gold: A New Chapter in Currency History The Reserve Bank of Zimbabwe (RBZ) boasts that its latest currency, the Zimbabwe Gold—a gold-backed currency colloquially known as the “ZiG”—is underpinned by more than 100% in reserves. These reserves include 2.5 tons of gold and approximately $100 million in foreign assets. At first glance, such figures might inspire confidence in a nation long plagued by economic upheaval and inflation. But how genuine is this assurance? Enter the ZiG, Zimbabwe’s sixth…

Zimbabwe finds itself at a crucial crossroads, grappling with an enormous $21 billion debt—a burden that has effectively locked the country out of global financial markets since it defaulted way back in 1999. This predicament is not just a financial quagmire; it's a pressing issue that affects the very fabric of the nation. So, what does the future hold for a country seeking assistance from ten different nations? In a recent move to ameliorate its financial strife, Zimbabwe's Finance Minister, Mthuli Ncube,…

Opposition leader Nelson Chamisa has expressed vehement opposition to Zimbabwe's newly enacted Broadcasting Services Amendment Act, labeling it as both "draconian" and "anti-citizen." This law, recently approved by President Emmerson Mnangagwa, imposes a surprising requirement: motorists must now secure a ZBC television and radio license in order to renew their vehicle licenses with the Zimbabwe National Road Administration (ZINARA) or obtain vehicle insurance. Imagine the average commuter, already juggling numerous…

“The public holds us accountable for delays and inefficiencies, yet how can we achieve miracles without the most basic resources?” This poignant statement from the Zimbabwe Nurses Association encapsulates the frustration felt by countless healthcare professionals across the country. In Zimbabwe, the healthcare system finds itself in a dire predicament. The nurses are not merely lamenting; they are articulating a crisis that transcends their immediate circumstances. Imagine being responsible for the well-being of 30…