Browsing monthly archive

June 2018

Bulawayo bombing: Minister loses breast

Zanu PF national chairperson Oppah Muchinguri-Kashiri has been airlifted to South Africa for reconstruction surgery after her breast was ripped off when an explosion rocked an election campaign rally addressed by President Emmerson Mnangagwa in Bulawayo last Saturday.

Chatunga’s butchery business collapses

Former president Robert Mugabe’s son, Chatunga Bellarmine, is set to lose property after failing to pay rentals for his butchery in Chitungwiza. A writ of execution has since been issued for the attachment of Chatunga’s property, to be auctioned tomorrow, over rental arrears amounting to $12 000.

I don’t take drugs: Jah Signal

Energetic Zimdancehall chanter Jah Signal – real name Nicodimus Mutize – insists he doesn’t take performance enhancing drugs to boost performance at shows. The most sought after chanter reckons he is a prophet in his own way as he preaches to the people musically

Currency dilemma…. Solutions and the timeline

Richard Mawarire (Economic Analyst)

At the centre of Zimbabwe’s economic problems is the question around currency. Over the past ten years, Zimbabwe has had a perpetual currency headache, off course with relief in the years 2009 to 2013 when the country enjoyed widespread economic growth and stability under a predominantly United States dollar dominated economy.

2014 and beyond witnessed the recurrence of  currency problems, leading to the Central Bank introducing the bond notes under a $200 million “export incentive” scheme underwritten by Afrexim.

This piece will seek to explore possible measures that the economy might pursue to solve the economy’s currency dilemma. I will also try and predict a possible timeline (see attached diagram) that will guide all the possible policy options that can be adopted there in.

Fastjet on verge of collapse

Struggling low cost carrier Fastjet, which operates 92 flights per week in Zimbabwe, is on the verge of collapse and has sent an SOS for new funding from its major shareholders in a last ditch effort to save the company.