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[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

☆ Zimbabwe: President Mnangagwa sworn in after disputed polls
▼ + stars: | 2023-09-04 | by ( Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Zimbabwe’s President Emmerson Mnangagwa was sworn in for a second five-year term Monday, a week after securing an absolute majority in a disputed presidential vote. The arrests had followed the release of a report by the Zimbabwe NGO Forum that documented irregularities on polling day, according to Amnesty International. The opposition CCC party told CNN on Monday it will not challenge Mnangagwa’s victory at the courts, because it is unsure of getting justice through the country’s legal system. Mnangagwa took the reins of power for another term in a colorful ceremony attended by thousands of Zimbabweans and regional leaders. Mnangagwa, nicknamed “The Crocodile,” succeeded Mugabe after helping to orchestrate the coup that ousted him.

Persons: CNN —, Emmerson Mnangagwa, Mnangagwa, Nelson Chamisa, ”, Reuters Mnangagwa's, Mkwananzi, Robert Mugabe, “, Mugabe Organizations: CNN, Democratic, Citizens Coalition, Zimbabwe Electoral Commission, European, Zimbabwe NGO Forum, Amnesty International, CCC, Philimon, Reuters Locations: South Africa, Democratic Republic of Congo, Mozambique, Zimbabwe, Philimon Bulawayo, 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

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

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

☆ 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

☆ 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.

☆ Zimbabwe's night markets cushion crisis-weary citizens from inflation
▼ + stars: | 2022-12-23 | by ( Nyasha Chingono | ) www.reuters.com time to read: +3 min

[1/5] Clothes and shoes are displayed for sale at a roadside night market in central Harare, Zimbabwe December 12, 2022. Tinotenda Taruberekera, a 21-year-old clothing vendor, says he makes more money selling at night than during the day. "In the afternoon, there are constant battles with police so selling at night helps," said Taruberekera. The street traders often undercut prices in mainstream shops, which have costly overheads, and this can eat into the retailers' market share. For college student Obert Chinganyama, street vendors offer bargains he cannot get in stores.

☆ Cemetery workouts help Zimbabwe township residents feel alive
▼ + stars: | 2022-11-30 | by ( Nyasha Chingono | ) www.reuters.com time to read: +1 min

[1/6] People take a break during an early morning exercise inside Warren Hills cemetery in Harare, Zimbabwe, November 24, 2022. But due to lack of facilities in the townships, residents have had to improvise and the leafy, multi-faith Warren Hills cemetery is proving a popular venue for some, if a bit worrying for others. A few paces from where Madubeko is training, footballer Tichaona Macheka, 19, is holding an aerobics class. "The Muslim section of the cemetery was gracious to let us train here and I am glad more people are joining the class." Reporting by Nyasha Chingono; Editing by Olivia Kumwenda-Mtambo and Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

☆ Zimbabwe power shortage to worsen as hydro plant halts generation
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A motorist drives on top of the Kariba Dam wall in Kariba, Zimbabwe, February 19, 2016. REUTERS/Philimon Bulawayo/File PhotoHARARE, Nov 28 (Reuters) - Zimbabwe's prolonged power shortage is set to worsen after the entity that manages southern Africa's biggest dam ordered suspension of electricity generation at its main hydro plant because of a water shortage. The ZRA manages the Kariba Dam on behalf of the Zimbabwean and Zambian governments. Zimbabwe has suffered acute power shortages for several years, as successive droughts have resulted in poor inflows into the Kariba Dam and as ageing coal-fired power stations have repeatedly broken down. Kariba South has an installed capacity of 1,050 megawatts but has been producing well below that due to low water levels in the dam.

☆ Zimbabwe's new mineral royalty policy comes into force
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] A worker attends to machinery at a smelter plant at Anglo American Platinum's Unki mine in Shurugwi, Zimbabwe, May 16, 2019. The southern African country has struggled to capitalise on its significant mineral reserves and a resource boom due to policy uncertainty, a lack of ancillary industries to support mining, currency volatility and electricity shortages. The cash component of the royalties would be made up of 40% Zimbabwean dollars and 10% in foreign currency, according to the notice. Zimbabwe's royalty rates range between 5% for gold and platinum group metals and 10% for diamonds. The Zimbabwe Chamber of Mines, which represents major mining companies, has said it is not worried about the new royalty policy because it does not amount to an increase in existing royalty rates.

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