Facing forex shortage, Zimbabwe black market traders patch up soiled dollar notes
29 January 2023 | 4:31 pm
Well-worn U.S. dollar notes are finding a new home on the streets of Harare, where they are bought at nearly half their value for resale at a profit after mending, as Zimbabweans find creative ways to survive an unrelenting financial onslaught.
July 8, 2023
The World Economic Forum is urging Nigeria to identify risk-hedging facilities to back the naira financing of clean energy projects due to the limited availability of dollar finances.
For decades, the US dollar has been king on the global stage. But more and more countries are looking to reduce their dependence on the American currency, saying they want to "de-dollarize" their economies. How realistic are their plans, and how would they work? Kate Moody talks to Ruchir Sharma, chairman of Rockefeller International and founder of Breakout Capital.
The "Patriotic Bill" criminalizes comments that damage "the national interest of Zimbabwe." The move comes just months before the next election.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
Saudi Arabia is putting billions into tourism. Once closed to the world, the country boasts heritage and natural wonders. But it's also dealing with a conservative culture, a dire human rights record and climate change.
As Pakistan spiraled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya's KTDA co-operative produces 3,400 miles away on a list of essentials that would grant importers access to precious U.S. dollars.
As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya's KTDA co-operative produces 3,400 miles away on a list of essentials that would grant importers access to precious U.S. dollars.
Zimbabwe is set to hold its general election on August 23. A dozen candidates are vying for the presidency, but the main contest is between incumbent Emmerson Mnangagwa and leading opposition candidate Nelson Chamisa.
Eleven candiadates are hoping to unseat President Emmerson Mnangagwa in Wednesday's election. Zimbabwe's electorate is skeptical of the opposition's ability to defeat his repressive regime.
Young people in Zimbabwe, including many first-time voters, could determine the election winner. But is Jamaican dancehall music enough to win them over?
As BRICS leaders meet in Johannesburg on Tuesday, they will be sure to discuss ways to increase commercial exchanges within the bloc of emerging economies comprised of Brazil, Russia, India, China and South Africa. The group, which represents 16% of global trade, will also look to encourage the use of local currencies in exchanges. However, the Brazilian idea of creating a common currency for the bloc appears to now be on the back burner.
As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many to emigrate. While incumbent President Emmerson Mnangagwa has played up improved infrastructure on the campaign trail, his opponent Nelson Chamisa detailed a plan that he says will build Zimbabwe into a $100 billion economy.
54 mins ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
1 hour ago
After decades out of fashion, a declaration to triple nuclear capacity at UN climate talks suggests a revival. Some say it's necessary to help curb emissions, others call it a needless distraction.
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The nationwide strike will likely cause thousands of cancellations and begins at 21:00 GMT on Thursday until the same time on Friday evening.
3 hours ago
A woman who was forced to undergo female genital mutilation (FGM) as a young child in her native Somalia has told FRANCE 24 how she managed to turn her life around and transform her horrific experience into a force for good. Shamsa Araweelo has received around 70 million views of her TikTok videos, in which she explains using rubber models exactly what FGM does to a woman.
3 hours ago
The war between Israel and Hamas in Gaza is heightening the terror risk in the EU, according to the bloc's home affairs commissioner. The warning comes after a German tourist was killed in a knife attack in Paris.
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