Team Zimbabwe

Source: Zimbabwe’s president vows to implement measures to stop currency slide HARARE, Oct 2 (Reuters) – Zimbabwe’s President Emmerson Mnangagwa on Wednesday vowed to implement corrective measures to protect people’s incomes after the country’s new gold-backed currency slid on the black market five months after it was introduced. President of Zimbabwe Emmerson Mnangagwa arrives ahead […]
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Source: Mnangagwa’s Sona headache   PRESIDENT Emmerson Mnangagwa Last week, authorities were forced to devalue the free-falling five months old Zimbabwe Gold (ZiG) currency after it lost value against major currencies. The move wiped off salaries and profit margins for businesses, triggering memories of the 2008 economic crisis that led to the scrapping of the […]
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Source: Mnangagwa acknowledges currency crisis, defends gold-backed ZiG President Emmerson Mnangagwa has addressed the ongoing turmoil surrounding Zimbabwe’s five-month-old gold-backed currency, the Zimbabwe Gold (ZiG), while defending its backing by gold reserves.  President Emmerson Mnangagwa Pic:Ministry of Information By Costa Nkomo This comes in the wake of the Reserve Bank of Zimbabwe’s (RBZ) decision last […]
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Source: Mnangagwa emphasises unity, food security and agricultural progress in SONA Speaking at the official opening of the Second Session of the 10th Parliament at the new Parliament Building in Mount Hampden, Mnangagwa emphasised the government’s commitment to economic resilience, food security, and agricultural progress.  President Emmerson Mnangagwa during the State of the Nation Address […]
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Source: Mr. President, you’ll never fix the economy when you behave like a witchdoctor! When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country’s economic crisis. Tendai Ruben Mbofana This is in light of a local currency, […]
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Source: Zimbabwe’s currency conundrum: Meagre gold reserves can’t sustain the ZiG   Today, during his State of the Nation Address (SONA), President Emmerson Dambudzo Mnangagwa announced that the government would set aside 50% mineral royalties to shore up the local currency. Tendai Ruben Mbofana The Zimbabwe Gold (ZiG or ZWG), which was introduced on 5th April […]
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