Zimbabwe inflation soars to 10-year high of 97.85% year/year in May

Three countries, Russia, China and South Africa who are also active members of BRICS accounted for around sixty-two percent of Zimbabwe’s total import value of US$901.5 million in October 2023. This was revealed in the latest report released by the Zimbabwe National Statistics Agency (ZIMSTAT).

Zimbabwe National Statistics Agency (ZimStats) director general Taguma Mahonde who is facing criminal charges, including obstructing the course of justice, fraud and corruption was yesterday granted US$200 bail by a Harare magistrate.

Zimbabwe National Statistics Agency (Zimstat) Director General, Taguma Mahonde has been arrested by the Zimbabwe Anti-Corruption Commission (ZACC) following a series of stories by Nehanda Radio exposing him in alleged massive corruption and corporate malpractices. Full Story: https://nehandaradio.com/2023/09/26/exclusive-zimstat-director-general-taguma-mahonde-arrested-by-zacc-over-alleged-corruption/

The Zimbabwe Anti-corruption Commission (ZACC) has finally launched investigations against Zimbabwe National Statistics Agency (Zimstat) Director General (DG) Taguma Mahonde amid allegations of corruption and corporate malpractices. The probe comes after a series of articles by Nehanda Radio exposing how Mahonde has been getting controversial benefits including money through school fees allowances while failing to produce receipts and invoices to acquit those funds as per standard requirement or good governance. ZACC has also been in touch with Nehanda Radio requesting correspondence regarding the matter.

Former Finance Minister Tendai Biti has predicted that "2023 will be a rough and tough year for working families" citing that inflation will be worsened by government mismanagement of the exchange rate and "unrestrained spending".