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Economic growth in Zimbabwe could surpass expectations this year, a government official announced on Friday, adding that the country expects a bumper maize harvest. The economy could grow 6%, higher than a previous forecast of 3.8%, due to a strong performance by the agriculture segment, Finance Minister Mthuli Ncube told an online briefing. Zimbabwean officials […]
Zimbabwe plans to keep its local currency as legal tender, even as the US dollar is now the unit of choice for most transactions in the economy. The extensive use of US dollars doesn’t concern authorities, who instead see it as a way to access foreign currency, according to Mthuli Ncube, the southern African nation’s […]
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government wishes to vie with the likes of Dubai and the Isle of Man to attract foreign investment. “The trigger is the success of the VFEX,” Finance Minister Mthuli Ncube said in an interview, a reference to […]
Multiple airstrikes and heavy fighting rocked Sudan’s capital after a proposed cease-fire to halt days of clashes between the…
President Joe Biden escalated the US military presence in Somalia last year, reversing a troop withdrawal ordered by his…
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