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☆ Zimbabwe Bets on No Till Farming to Reduce El Nino Impact on Grain
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

No till farming minimises soil disturbance, which helps keep carbon in the soil and also enriches soil biodiversity, reducing the need for chemical fertilisers that emit greenhouse. Zimbabwe is one of the countries worst affected by the El Nino weather pattern and struggles to feed itself. Zimbabwe produced 2.3 million tons of maize last year. The country requires 2.2 million tons of the staple grain annually for human and livestock consumption. "This is a reflection that farmers are adopting the recommended climate-proofing interventions, especially during the El Nino condition," cabinet said in a statement released late on Tuesday.

Persons: Vangelis Haritatos, Mthuli Ncube, Zimbabwe's, Nelson Banya, Michael Perry Organizations: Reuters, El, Finance, Nino Locations: HARARE, Zimbabwe, El Nino, Pacific

[1/4] An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe, November 26, 2020. The government reintroduced the local currency in 2019, but it rapidly lost value. Zimbabwe's dollarization story is as full of warnings as it is with promise. During the five years before dollarization in 2000, the monthly measure of annualized inflation averaged 33% in Ecuador. "With our local currency we couldn't buy anything, it was very expensive to acquire things, so dollarization ... allowed people to have greater security in their purchases."

Persons: Javier Milei, Milei, Zimbabwe's, Bongiwe Mudau, Dollarization, dollarization, Mudau, Moses Mhlanga, Nestor Cerneaz, Wilson Andrade, Juan Carlos Villota, Guido Puig, Tito Correa, Nyasha, Miguel Lo Bianco, Rodrigo Campos, Adam Jourdan, Karin Strohecker, Rosalba O'Brien Organizations: REUTERS, Philimon, Rights, U.S ., Reuters, International Monetary Fund, hawker, Reuters Graphics Reuters, dollarization, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights QUITO, HARARE, BUENOS AIRES, Zimbabwe's, Quito, Ecuador, Argentina, El Salvador, greenbacks, Buenos Aires, Argentine, New York

☆ Zimbabwe extends multi-currency system to 2030
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

A man poses with Zimbabwe's new two dollar banknote as customers queue outside a bank in Harare, Zimbabwe, November 12, 2019. REUTERS/Philimon Bulawayo/File Photo Acquire Licensing RightsHARARE, Oct 27 (Reuters) - Zimbabwe's government will maintain its multi-currency system, anchored by the U.S. dollar, to 2030, it said on Friday. The government had previously said that the multi-currency system would end in 2025. "Settlement of any transaction or payment for goods and services in foreign currency, shall ... be valid until the 31st December, 2030," reads the gazette. The government reintroduced the local currency in 2019, but it rapidly lost value again.

Persons: Emmerson Mnangagwa, Nyasha Chingono, Nellie Peyton, Rod Nickel Organizations: REUTERS, Philimon, Rights, U.S ., Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights HARARE

☆ Zimbabwe's Mnangagwa appoints son as deputy finance minister in new cabinet
▼ + stars: | 2023-09-11 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

Zimbabwe President Emmerson Mnangagwa speaks during his inauguration at the National Sports Stadium in Harare, Zimbabwe September 4, 2023. REUTERS/Philimon Bulawayo/File Photo Acquire Licensing RightsHARARE, Sept 11 (Reuters) - Zimbabwean President Emmerson Mnangagwa on Monday appointed his son as the deputy finance minister and retained Mthuli Ncube as the finance minister as he battles to rescue the country's ailing economy. Mnangagwa appointed his son David Mnangagwa to be Ncube's deputy as part of the parliament's youth quota, while also announcing Soda Zhemu to head the mining ministry. Mining generates more than half of Zimbabwe's foreign export earnings and Mnangagwa has said the sector, which is attracting investors in lithium mining, will anchor future economic growth. The ruling ZANU-PF party's national chairperson Oppah Muchinguri-Kashiri was re-appointed as the Defence Minister.

Persons: Emmerson Mnangagwa, Mthuli Ncube, Mnangagwa, Ncube, David Mnangagwa, Zhemu, Winston Chitando, Oppah Muchinguri, Kashiri, Nyasha Chingono, Bhargav Acharya, Hugh Lawson Organizations: Zimbabwe, National Sports, REUTERS, Philimon, Rights, Mines Minister, of Energy, Power Development, Mining, ZANU, PF party's, Defence, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights HARARE

[1/4] Ostallos Siziba, the Deputy Spokesperson for Zimbabwe's main opposition party The Citizens Coalition for Change (CCC) speaks to media in Harare, August 29, 2023. REUTERS/Philimon Bulawayo Acquire Licensing RightsHARARE, Aug 29 (Reuters) - Zimbabwe's main opposition party on Tuesday called for last week's elections to be re-run, saying the polls were riddled with flaws and calling on other African countries to help mediate in its impasse with the ruling party. The elections commission said Mnangagwa received roughly 53% of the vote against 44% for the CCC's Nelson Chamisa. Christopher Vandome from policy institute Chatham House's Africa programme said he was unsure the opposition would go the legal route at all. Zimbabwe's foreign ministry summoned European ambassadors to Zimbabwe on Monday and told them their mission's report was "full of misrepresentations and allegations".

Persons: Siziba, Emmerson Mnangagwa, Mnangagwa, Nelson Chamisa, Chris Maroleng, Christopher Vandome, Carien du Plessis, Bhargav, Alexander Winning, Sharon Singleton Organizations: Citizens Coalition, REUTERS, Philimon, Rights, Citizens ' Coalition, CCC, PF, ZANU, Good Governance, Southern African, SADC, Thomson Locations: Harare, Philimon Bulawayo, Rights HARARE, Zimbabwe, Good, Chatham, Africa, European

[1/4] Zimbabwe's President Elect Emmerson Mnangagwa speaks to the media at State House in Harare, August 27, 2023. REUTERS/Philimon Bulawayo Acquire Licensing RightsHARARE, Aug 27 (Reuters) - Zimbabwe's re-elected President Emmerson Mnangagwa suggested on Sunday that those people questioning the results of last week's election, which an opposition leader dismissed as a "gigantic fraud", take their case to court. The election commission said on Saturday that Mnangagwa, 80, had won the election with 52.6% of the vote while the opposition Citizens' Coalition for Change (CCC) leader Nelson Chamisa got 44%. Chamisa, speaking on social media platform X, formerly Twitter, said of the election: "It's a blatant and gigantic fraud." It was unclear whether the opposition would use the courts to dispute the election results, as Zimbabwe's judges have historically sided with the governing party.

Persons: Elect Emmerson Mnangagwa, Emmerson Mnangagwa, Nelson Chamisa, Mnangagwa, Robert Mugabe, Christopher Mutswangwa, ”, Munjodzi Mutandiri, Mkwananzi, Nyasha Chingono, Carien du Plessis, Bhargav Acharya, Nick Macfie, Kirsten Donovan Organizations: State House, REUTERS, Philimon, Rights, Citizens ' Coalition, ZANU, Southern, Liaison, Southern African Development Community, Thomson Locations: Harare, Philimon Bulawayo, Rights HARARE

REUTERS/Siphiwe Sibeko Acquire Licensing RightsHARARE, Aug 26 (Reuters) - Zimbabwe's elections commission said late on Saturday that incumbent Emmerson Mnangagwa had won this week's presidential election with roughly 53% of the vote, but the opposition and analysts immediately questioned the result. ZANU-PF supporters started singing and cheering at the results centre after the elections commission said Mnangagwa had won. Mnangagwa also narrowly defeated Chamisa at the last presidential election in 2018. The opposition alleges that election was rigged but the constitutional court upheld the result. While the run-up to the election has been largely free from violence, the police routinely ban opposition rallies and arrest opposition supporters using Zimbabwe's tough public order laws.

Persons: Emmerson Mnangagwa's, Siphiwe, Emmerson Mnangagwa, Mnangagwa, Robert Mugabe, Mnangagwa's, Nelson Chamisa, Chamisa, Nicole Beardsworth, ZEC, Nyasha Chingono, Nelson Banya, Carien du Plessis, Bhargav, Alexander Winning, Daniel Wallis Organizations: REUTERS, Rights, ZANU, Zimbabwe Electoral Commission, Citizens ' Coalition, PF, University of, SADC, Thomson Locations: Shurugwi, Midlands Province of Zimbabwe, Rights HARARE, Zimbabwe, Southern, Witwatersrand, Johannesburg

A tally by state broadcaster ZBC showed ZANU-PF winning 101 parliamentary constituencies and the main opposition party Citizens Coalition for Change (CCC) winning 59, out of a total of 210. The result of the presidential vote has not been announced yet. The ERC later posted on X, formerly known as Twitter, that 16 of its staff together with Zimbabwe Election Support Network members had been released on $200 bail each by a magistrate. Mnangagwa last week told state media that if he got a second term, it would be his last. As in previous elections, the parliamentary results appeared to show ZANU-PF retaining its rural base, while the CCC captured the urban vote.

Persons: Emmerson Mnangagwa's, Nelson Chamisa, Fabio Massimo Castaldo, Castaldo, Nevers Mumba, Patrick Chinamasa, Mnangagwa, Eldred Masunungure, Robert Mugabe, Nelson Banya, Bhargav Acharya, Nellie Peyton, Alexander Winning, Devika Syamnath, Andrew Heavens Organizations: Emmerson Mnangagwa's ZANU, ZBC, ZANU, Coalition, World Bank, International Monetary Fund, REUTERS, Philimon, Rights Police, Zimbabwe Election, Election, Centre, ERC, Zimbabwe Election Support, Southern African Development Community, National Assembly, University of Zimbabwe, PF, CCC, Thomson Locations: EU, HARARE, Harare, Zimbabwe, Philimon Bulawayo, SADC

Police sealed off roads around the election results centre on Friday morning, and members of the public were being stopped for questioning, a Reuters reporter in the capital Harare said. However, results announced so far by the Zimbabwe Electoral Commission showed ZANU-PF winning 38 parliamentary constituencies and the main opposition party Citizens Coalition for Change (CCC) winning 32, out of a total of 210 single-member constituencies. The early results showed ZANU-PF retaining its rural base, while the CCC captured the urban vote, as has been the case in previous elections. In the highest-profile loss yet for the ruling party, the electoral commission said on Friday that Finance Minister Mthuli Ncube had lost his parliamentary contest to a CCC challenger. Mnangagwa took over from longtime strongman Robert Mugabe after a 2017 coup and won a disputed election in 2018.

Persons: Emmerson Mnangagwa's, Nelson Chamisa, Patrick Chinamasa, Mthuli Ncube, PF's Chinamasa, Mnangagwa, Robert Mugabe, Nelson Banya, Bhargav Acharya, Nellie Peyton, Alexander Winning Organizations: REUTERS, Philimon, Rights, Emmerson Mnangagwa's ZANU, World Bank, International Monetary Fund, Police, ZANU, National Assembly, Commission, Coalition, PF, CCC, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights HARARE

But analysts warned it was unlikely the ruling ZANU-PF party would allow any loosening of its 43-year grip on power. Fewer than 10 of 210 parliamentary constituencies had results on Thursday, making it too early to identify any national trend. Results in the presidential race were not expected for another day or two but before a five-day deadline. "The equipment was being used to unlawfully tabulate election voting statistics and results from polling stations throughout the country," police spokesman Paul Nyathi said in a statement. The police named some of the organisations targeted as the Zimbabwe Election Support Network, Election Resource Centre and Team Pachedu - all well-known civil society groups that had said they were monitoring the vote in the interests of democracy.

Persons: Emmerson Mnangagwa, Robert Mugabe, Nelson Chamisa, Mnangagwa's, Paul Nyathi, Eldred Masungure, Estelle Shirbon, Angus MacSwan, Miral Organizations: Police, Citizens Coalition, ZANU, PF, Bank, International Monetary Fund, Zimbabwe Election Support, Centre, Pachedu, University of Zimbabwe, Thomson Locations: Zimbabwe, HARARE, Harare

It is the second contest between the two after Mnangagwa won a closely contested poll in 2018, which the opposition allege was rigged. Some 6.6 million people are registered to vote in the nation of about 15 million. LITTLE CHANGE SINCE MUGABE ERAPolitical analysts say Zimbabwe's unending economic maelstrom could tip the contest in favour of the opposition if the election is clean. We will not accept a rigged vote," Chamisa said at his last campaign rally on Monday. If there is no outright winner, a run-off between the top two candidates will be held on Oct. 2.

Persons: Mugabe, Mnangagwa, Emmerson Mnangagwa, Robert Mugabe, Nelson Chamisa, Chamisa, Olivia Kumwenda, Estelle Shirbon, Giles Elgood Organizations: World Bank, International Monetary Fund, Citizens Coalition, MUGABE, PF, Risk Consulting, ZANU, Zimbabwe Electoral Commission, Parliamentary, Thomson Locations: HARARE, Zimbabwe, Shurugwi, Harare

☆ Zimbabwean tailors cash in on party apparel demand as vote nears
▼ + stars: | 2023-08-04 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

[1/5] Zimbabwe's ruling party supporter Lameck Chimanikire checks tailor-made clothing made in support of Zimbabwe's President Emmerson Mnangagwa, at a workshop in Harare, Zimbabwe, July 18, 2023. Business is booming for Zunze making colourful clothing printed with smiling faces of politicians seeking office in the presidential and parliamentary elections due on Aug. 23. Ahead of the vote, the informal clothing industry that includes tailors like Zunze is cashing in on demand from party supporters wanting to wear their party colours on their sleeves. For others, like ZANU-PF youth leader Lameck Chimanikire, the colourful outfits are not just about making a fashion statement. Since I grew up in the apostolic church, I thought of adapting the garment to tell a political message," Chimanikire said.

Persons: Lameck, Emmerson Mnangagwa, Judah Zunze's, Nelson Chamisa, Lameck Chimanikire, Chimanikire, Nyasha Chingono, Olivia Kumwenda, Peter Graff Organizations: Zimbabwe's, REUTERS, Citizens Coalition, ZANU, Thomson Locations: Harare, Zimbabwe, Bulawayo HARARE, Harare's Warren Park, Gweru

☆ Boxing legend Mayweather attends political rally in Zimbabwe
▼ + stars: | 2023-07-13 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

[1/3] Former World Boxing Champion (WBC) Floyd Mayweather gestures to fans upon his arrival at Robert Gabriel Mugabe International Airport in Harare, Zimbabwe, July 13, 2023. One of President Emmerson Mnangagwa's closest allies, gold magnate Scott Sakupwanya, who is looking to reclaim a parliamentary seat from the opposition, said he had invited Mayweather. "I am happy to see Mayweather here in Zimbabwe, it is his first time to come here. I am registered to vote, and I am going to vote for President Emmerson Mnangagwa," 34-year-old White Marurame told Reuters. The youth vote is expected to be a crucial battlefield for the two main political parties, ZANU PF and the Citizens Coalition for Change (CCC).

Persons: Floyd Mayweather, Robert Gabriel Mugabe, Emmerson Mnangagwa's, Mayweather, Scott Sakupwanya, I, Sakupwanya, Emmerson Mnangagwa, White Marurame, Nyasha, Nellie Peyton, Frances Kerry Organizations: Boxing, Robert Gabriel Mugabe International, ZANU, ZANU PF, Reuters, Citizens Coalition, U.S ., Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo HARARE, Mabvuku, American

☆ Zimbabwean court upholds opposition campaign launch ban
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

BINDURA, Zimbabwe, July 9 (Reuters) - A Zimbabwean court on Sunday upheld a ban on the planned campaign launch by main opposition party Citizens Coalition for Change (CCC), the third of its rallies to be banned as its leader Nelson Chamisa face hurdles on his campaign trail. CCC was scheduled to hold its campaign launch on Sunday in Bindura, about 100 km (62 miles) north of the capital Harare, but police banned the gathering citing problems with the venue. Bindura Magistrate Mary Musika then upheld the ban, saying CCC had failed to notify the police on time. A handful of opposition supporters chanted party slogans as they protested outside the court, adding they were not free to support their party. "It is disheartening because ZANU PF is allowed to campaign freely but they are using the law to block our rallies.

Persons: Nelson Chamisa, Mary Musika, Agency Gumbo, Patience Chigwande, Emmerson Mnangagwa, Nyasha Chingono, Olivia Kumwenda, David Holmes Organizations: Coalition, CCC, Agency, ZANU, ZANU PF, Reuters, Political, Thomson Locations: BINDURA, Zimbabwe, Bindura, Harare

☆ Zimbabwe president pledges economic revival as election campaign kicks off
▼ + stars: | 2023-06-25 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

The election comes amid a raging economic crisis, with high inflation and a currency that plunged more than 50% this month against the U.S. dollar. In remarks aimed mostly at his rural support base at the weekend, Mnangagwa pledged infrastructure developments. Mnangagwa toppled independent Zimbabwe's first president, Robert Mugabe, in a coup in 2017, eding his 37-year rule. The opposition CCC party enjoys considerable support in towns and cities, while ZANU-PF's supporters are mainly in rural areas. Zimbabwe has endured over two decades of economic failure following land seizures by Mugabe, plunging the southern African country into an economic crisis.

Persons: Emmerson Mnangagwa, Nelson Chamisa, Mnangagwa, Robert Mugabe, eding, Mugabe, Nyasha Chingono, Carien du Plessis, Emelia Organizations: ZANU, Citizens Coalition, U.S ., CCC, Thomson Locations: Zimbabwe, Chipinge, Harare, Chamisa

☆ Zimbabweans hit by rising prices as local currency plummets
▼ + stars: | 2023-06-14 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

HARARE, June 14 (Reuters) - Zimbabwean businesses and households are fearing a repeat of the hyperinflation seen more than a decade ago as prices of basic commodities spike after a sharp weakening in the local currency, despite government efforts to boost it. "I went into the supermarket to buy bread and other groceries items but I was shocked to see that prices had gone up. While some retailers have hiked local currency prices, others are trading exclusively in U.S. dollars to cushion themselves from the weakening Zimdollar. "It is not possible for the retailer to procure goods with U.S. dollar and sell them in local currency," Confederation of Zimbabwe Retailers president Denford Mutashu said. As panic over the weakening Zimdollar spreads, there have been calls for Zimbabwe to again fully dollarise the economy.

Persons: Denford Mutashu, Gift Mugano, John Mangudya, Mangudya, Nyasha, Olivia Kumwenda, Mark Potter Organizations: U.S ., of Zimbabwe Retailers, Reuters, Thomson Locations: HARARE, Zimbabwe, Reuters Zimbabwe

☆ In Zimbabwe, female rugby team seeks to keep girls off the streets
▼ + stars: | 2023-05-30 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

[1/5] Shingi Chigegede, a member of the Zimbiru Rugby Academy Club, an all-female rugby team, makes a try during a legue match against Old Georgians sports club in the capital Harare, in Zimbabwe, April 29, 2023. REUTERS/Philimon BulawayoDOMBOSHAVA, Zimbabwe, May 30 (Reuters) - Bridget Magasu is the first to arrive for the training session, clutching a rugby ball while she waits for other members of her all-female rugby team to arrive. Domboshava, a hub for transporting farm produce, has become a hotspot for sex work. "We wanted the girls to stay away from the streets," team coach Takudzwa Ngirazi, 25, a former club rugby player said. Jobs are scarce, pushing teenage girls into sex work - sometimes for as little as U.S. $2.

☆ African Devt Bank proposes 'fast track' compensation for Zimbabwe white ex-farmers
▼ + stars: | 2023-05-15 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

HARARE, May 15 (Reuters) - The African Development Bank (AFDB) has developed financial instruments to "fast track and front load" $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe's government, the bank's president said on Monday. Zimbabwe agreed in 2020 to compensate local white farmers whose land was taken by the government from 2000 onwards to resettle Black families, in one of the most divisive policies of the Robert Mugabe era, while foreign white farmers were allowed to apply to get seized land back. Adesina said the new proposal to former white farmers would "help leverage the capital markets to fund the compensation without adding debt to Zimbabwe," without providing further details. Adesina said that 91% of Zimbabwe's multilateral debt and 61% of its bilateral debt is in arrears. "The government takes full ownership of the debt process and the implementation of reforms," Finance Minister Mthuli Ncube told the press conference.

☆ Invictus Energy confirms oil, gas and helium find in Zimbabwe
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

Companies Invictus Energy Ltd FollowHARARE, May 8 (Reuters) - Australia-listed Invictus Energy (IVZ.AX) on Monday confirmed the presence of light oil, gas condensate and helium at its Cabora Bassa project in Zimbabwe, sending its shares up 8.7%. “Analysis shows the presence of light oil and rich natural gas condensate, with condensate gas ratios estimated at between 30 and 135 barrels per million cubic feet," it said. The analysis also confirmed the presence of helium gas in commercial concentrations comparable with global helium producing fields, the company added. Helium is a key component in the manufacture of semiconductors, liquid crystal display (LCD) panels and fibre optic wire. “Success at Mukuyu-2 and confirmation of a significant discovery will further unlock the value of our material portfolio," said Invictus Energy Managing Director Scott MacMillan.

☆ Nightmare in Sudan: African expats struggle to find way out
▼ + stars: | 2023-05-04 | by ( Macdonald Dzirutwe | ) www.reuters.com time to read: +6 min

Thousands piled into buses and trucks for the 800 km (500 miles) journey by road from Khartoum to Port Sudan on the Red Sea to board ships. He had to wait four more days for transport to Port Sudan, an overnight trip. After a week, word reached them that there would be transport leaving from their embassy for Port Sudan. RSF fighters stopped the family along the way but let them pass when he said he was looking for food for his son. From Port Sudan, they travelled via cargo ship to Saudi Arabia.

[1/2] Mourners hold a poster during the state funeral of Zimbabwe's longtime ruler Robert Mugabe at a national sports stadium in Harare, Zimbabwe, September 14, 2019. Still, some farmers say they will reject the government's $3.5 billion compensation package for being inadequate financially and for paying scant regard to land restitution or restoring property rights. Farmers say the plan was agreed by the Commercial Farmers Union in July 2020 and subsequently revised without adequate consultation. "The offer of bonds represents a very significant reduction in value with a prolonged redemption period," Gilpin, 67, told Reuters. The government was continuing discussions with farmers over appropriate payment methods and time frames, Ncube said.

☆ Mozambicans seek shelter as storm Freddy makes landfall
▼ + stars: | 2023-02-24 | by ( Manuel Mucari | ) www.reuters.com time to read: +3 min

MAPUTO, Feb 24 (Reuters) - Mozambicans took shelter on Friday as tropical storm Freddy made landfall in a small coastal town, with heavy rain expected to batter the country's southern provinces for several days. Pictures posted by Matos on Facebook showed children and adults sitting on the floor in a crowded primary school classroom. Up to 1.75 million people could be affected by the storm and severe flooding, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said in a statement. Mozambique has already been battling severe flooding in recent days, and the government has declared a state of "red alert" to expedite operations to tackle Freddy. In Zimbabwe, which is expected to see heavy rain from Freddy, the education ministry has suspended school in six provinces.

☆ Zimbabwe cuts policy rate to 150% after inflation falls
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: 1 min

HARARE, Feb 2 (Reuters) - Zimbabwe's central bank has cut its policy rate by 50 percentage points to 150%, it said in a statement on Thursday, driven by a downward trend in inflation since late last year. Monthly inflation fell to 1.1% in January from 2.4% in December, while yearly inflation dipped to 229.8% from 243.8%. "The moderation in interest rates is important and necessitated by the downward trend in the month-on-month inflation since the last quarter of 2022," said the bank, adding it expects the trend to continue into 2023. "The Bank will continue its tight monetary policy stance," it added. Reporting by Nellie Peyton and Nyasha Chingono Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.

☆ Zimbabwe police arrest 25 opposition members ahead of presidential election
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +2 min

HARARE, Jan 14 (Reuters) - Zimbabwean police on Saturday fired teargas at an opposition party gathering in Harare and arrested 25 of its members, including two members of parliament, the Citizens Coalition for Change (CCC) said. The arrests come after a wave of politically motivated violence against opposition supporters in rural Zimbabwe, raising fears of repression ahead of the presidential election this year. Police confirmed the arrests of members of the Citizens Coalition for Change, Zimbabwe's main opposition political party, and said a detailed statement would be released following investigations. Police allegedly fired teargas at the gathering, and beat up several opposition members before they were bundled into a police truck, she added. The opposition party, born out of the old Movement for Democratic Change (MDC), enjoys massive urban support and is seen as a threat to ZANU-PF's 43-year-old stranglehold on power.

☆ Zimbabwe health workers could face jail for striking under new law
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

HARARE, Jan 10 (Reuters) - Zimbabwe on Tuesday signed a bill into law that outlawed organised protests by healthcare workers who could now face a fine or an imprisonment of up to six months. The signing by President Emmerson Mnangagwa comes after health workers were locked in a protracted fight with the government over poor salaries last year. An exodus of doctors and nurses has left Zimbabwean hospitals understaffed, with over 4,000 health workers leaving the country since 2021, the country's Health Services Board said in November. Many nurses in Zimbabwe earn less than $100 a month. Reporting by Nyasha Chingono; Writing by Bhargav Acharya; Editing by Alexander Winning and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

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