Team Zimbabwe

Source: Why Zimbabwe’s Launch Of Gold-Backed Digital Currency Has Sparked Fears Among Economists The Zimbabwe dollar is currently trading at more than $2,000 for $1 US in the black market“The reality is that while the gold-backed digital coins are good, they … cater to the rich and are exclusionary,” The economist also tweeted yesterday, mentioning […] …
Continue reading…

Source: Zimbabwe Price Bulletin, April 2023 Maize grain and maize flour are the main foods consumed by allhouseholds in Zimbabwe. These food items are both produced locally and imported from neighbouring countries, particularly in the southwestern provinces of the country. The markets monitored are the main markets that offer both wholesale and retail supply in […] …
Continue reading…

Source: Allan Gray’s outlook on equities in Zimbabwe, Nigeria and Egypt By Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund Lagos, Nigeria It has been a tumultuous first quarter of 2023, and African equities have not been spared. Global markets started the year on a very positive note, with the S&P […] …
Continue reading…

Source: Devex Newswire: Is Zimbabwe walking into a major foreign aid misstep? Civil society groups in Zimbabwe are worried that government actions — specifically a proposal to place new restrictions on NGOs’ political activities — will turn off donors and potentially cause international aid to the country to dry up. A consequential choice Zimbabwean President Emmerson […] …
Continue reading…

Source: RBZ puts tobacco cartels on the radar – The Zimbabwe Independent INFLUENTIAL tobacco cartels have been placed under the Reserve Bank of Zimbabwe (RBZ)’s radar following reports that they have been colluding to manipulate prices. The practice has benefited tobacco contractors, who fund farmers to produce the crop, along with their merchants, mostly in […] …
Continue reading…