Zimbabwe has reportedly initiated engagements with some regional financial institutions to mobilise funding to purchase large stocks of bullion it needs to back its currency to curb chronic inflation and ensure durable stability, Business Weekly can reveal. Multiple sources at the Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance, Economic Development and Investment…
Putting food on the table is becoming increasingly difficult for Zimbabweans, with a staggering 56 percent of households reporting an unsustainable spike in the prices of essential commodities, according to the Zimbabwe National Statistics Agency (Zimstats). This alarming figure, highlighted in a high-frequency telephone survey of households namely Rapid Poverty Income Consumption and Expenditure Survey…