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.
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27 Jul 2022
Zimbabwe introduces gold coins as local currency tumbles.
28 Aug 2022
The Zimbabwean author has been facing trial for the past two years. The verdict is planned for August 26, while many more activists in the country face a similar ordeal.
29 Aug 2022
Twenty-year-old Mitchell Chivare hurriedly packs the kit, as she readies for the bat and ball game at a nearby school.
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Investing money into cattle is a growing business in Zimbabwe, where inflation is skyrocketing. Many people now consider it safer than putting money in the bank.
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A measles outbreak in Zimbabwe has killed over 150 children. The government has launched a mass vaccination campaign to contain the spread but faces stiff resistance from unvaccinated families due to religious beliefs.
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The dollar has been on a tear in recent weeks as investors take refuge in the safe haven amid recession worries. The pound and the euro have been pummeled, but the greenback's ascent could have wider ramifications.
Streets were quiet in the normally bustling heart of Accra's central business district on Wednesday as traders in the Ghanaian capital closed their shops to protest worsening economic conditions.
African painted dogs are classified as an endangered species. Right now there are only about 7,000 of them left on the continent. In Zimbabwe, a non-profit is reaching out to communities and hopes to protect the canines.
In Zimbabwe, unlike in other African countries, elephant conservation efforts have been successful. But the surge in numbers increases the chances of human-animal contact. The country is now seeing a rise in deadly elephant attacks, while Zimbabwean farmers complain that their crops are being destroyed. According to government statistics, around 10 people are killed every month by elephants.
Currencies are depreciating around the world and wreaking havoc on economies. But as the strong US dollar hits foreign demand, some American businesses are also experiencing painful losses.
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