RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday blamed Zimbabwe’s deteriorating crisis on confrontations between Russia and Ukraine as he downplayed economic shocks that were already frustrating recovery before the war flared in February. In a statement in which he tried to calm deepening worries across the country, the RBZ chief traced the historical […]
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The war in Ukraine is set to cause the “largest commodity shock” since the 1970s, the World Bank has warned. In a new forecast, it said disruption caused by the conflict would contribute to huge price rises for goods ranging from natural gas to wheat and cotton. The increase in prices “is starting […]
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A STANDARD loaf of bread now costs more than US$2 after its price shot up by 30% to $345. This follows an increase in the price of flour seven days ago by 17%. The Grain Millers Association of Zimbabwe (GMAZ) last Thursday increased the prices of maize and wheat by 50% and 17,8%, respectively. […]
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The national airline Air Zimbabwe has been included in a recently announced European Union Commission Air Safety List of air carriers that do not fulfil international safety standards. The carriers on the ASL are banned from operating to, in and from the EU (including overflight). According the Air Safety List of […]
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President Emmerson Mnangagwa has said his Government will soon come up with measures that will ensure that the bulk of local transactions are done using Zimbabwe dollars instead of US dollars. Addressing thousands of ZANU PF supporters in the Muzvezve constituency on Thursday, Mnangagwa said his Government will punish businesses that manipulate the Zimbabwe […]
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