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#Zimbabwe central bank warms to print USD300 Million ‘bond notes’ – hyperinflation to shoot to the roof  * Zimbabwe to print $300 million more bond notes * Liquidity injection likely to mean devaluation * Central bank says notes not ‘back-door Zim dollar’ (Adds detail) By MacDonald Dzirutwe HARARE, Aug 2 …

Zimbabwe, From Disaster To Disaster Steve Hanke , CONTRIBUTOR I cover economics and finance.  Opinions expressed by Forbes Contributors are their own. The Zimbabwe Independent RBZ bond notes have replaced everyday USD in Zimbabwe. In 2008, Zimbabwe suffered the second most severe case of hyperinflationin modern history. Its annual inflation reached 89.7 sextillion (1023) …

Zimbabwe’s Bumper Harvest: A Victory for Black Empowerment Whereas the expectation was for Zimbabwe to perform poorly until at least 2020, in 2017, black farmers who took back their land have proved naysayers wrong. In the June 2002 article “From breadbasket to basket case,” the Economist wrote, “…Zimbabwe is facing …

By Matt E.T. Matigari, HARARE, July 26 (The Source) – The Reserve Bank of Zimbabwe (RBZ), and its principals, are solely responsible for the most extensive and sustained drain of wealth and destruction of people’s welfare in Zimbabwe’s colonial and post-colonial history.   Between 2004, (when Gideon Gono took over …

‘150% duty for second-hand vehicles’ SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan’s largest warehouse of used cars. BY TATIRA ZWINOIRA Speaker of the National Assembly Jacob Mudenda speaks at the …

ZIMBABWE’S crippling cash shortage is deteriorating to the point where SA companies operating there are not getting their money out. At a personal finance level, Zimbabwean households are battling to pay their creditors on time – if at all. Zimbabwe’s Steward Bank has suspended the Zimbabwean subsidiary of South African …

Zimbabwe white farmers’ union leader warns South Africa white farmers to share land with blacks   HARARE, July 21 (Reuters) – A Zimbabwean farmers’ union leader warned white South African farmers they should agree a deal to share land with the black majority before they suffer the same fate as …

Zimbabwe has lost the support of 50 international banks in the past decade due to Western sanctions, central bank governor John Mangudya has said. With now only three international banks availing credit to it, Zimbabwe is starved of foreign finance to develop its stuttering economy, Mangudya said. The international financial …

Zimbabwe economy: Quick View – Air Zimbabwe lays off staff Event July 18 (Economist Intelligence Unit) — Loss-making Air Zimbabwe is laying off some 200 staff as part of a restructuring plan, according to its chairwoman, Chipo Dyanda. Analysis This is Air Zimbabwe’s fourth round of lay-offs in less than …

Cape Town – Mauritians are the wealthiest individuals in Africa with an average wealth of $25 700 per person, followed by South Africans with $11 300 per person, according to the latest Africa Wealth Report. People in Zimbabwe count as the poorest with US$200 per person, while the country was also last …