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Watch : RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June
29 avril, par Charles RukuniZimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from a peak of 13.2517 on 24 April but central bank governor John Mushayavanhu is optimistic it will pick up when companies start paying their quarterly taxes at the end of June, which is less than two (...) -
US loses its place as most influential power in Africa to China
27 avril, par Charles RukuniThe United States lost its place as the most influential global power in Africa last year as its star status dimmed and other countries -China in particular- gained fans. A new Gallup report shows median approval ratings of Washington — indicative of the country’s soft power — slipped from 59% (...) -
Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG
26 avril, par Charles RukuniThe Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in small amounts like US$5 or US$10 cannot destabilise the country’s new currency the Zimbabwe Gold (ZiG), but they are being arrested because what they are doing is illegal. According to the Manica (...) -
Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex
26 avril, par Charles RukuniThe Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the Bulawayo exhibition grounds into a mixed-use commercial development. Property developer Terrace Africa will develop a shopping complex as the first phase of the project. Under the plan, the (...) -
ZiG falls against US dollar
25 avril, par Charles RukuniZimbabwe’s new currency today fell against the United States for the first time since its launch on 5 April. The ZiG, which is backed by gold and other minerals, has been appreciating against the greenback since it started trading on 8 April rising from 13.5616 to 13.2517 yesterday. It dropped (...)