JOHANNESBURG/LONDON Prices of cooking oil and other basics soared in Zimbabwe as inflation nearly doubled in June, data showed on Monday, piling pressure on a population struggling with shortages and stirring memories of economic chaos a decade ago.
HARARE Public sector workers in Zimbabwe on Tuesday rejected a government offer of 180 million Zimbabwe dollars ($21 million) in added pay for the July-December period as inadequate in the face of soaring inflation, a union official said.
(This story corrects paragraphs 10, 11 of July 3 story to say TechnoServe instead of Technoserve) | Video
HARARE, July 8 The Zimbabwean government is
ready to raise civil servants' pay for the second time in three
months because incomes have been eroded by soaring inflation,
Finance Minister Mthuli Ncube said on Monday, after a labour
group threatened protests.
HARARE Zimbabwe has run out of passports and vehicle registration number plates, forcing citizens to wait for long periods to get them - yet another sign of a desperate shortage of U.S. dollars in the southern African nation.
HARARE Zimbabweans will be allowed to withdraw up to 1,000 U.S. dollars in cash a day from foreign currency accounts, Finance Minister Mthuli Ncube said on Monday, as the country prepares to relaunch its own currency after a decade of dollarization.
HARARE, June 3 Foreign loans that use minerals
as collateral may complicate Zimbabwe's future negotiations with
foreign creditors to restructure its $8.8 billion debt, an
International Monetary Fund official said on Monday.
HARARE Zimbabwe's largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate, the energy minister said on Thursday, paving the way for deeper power cuts in the country.
HARARE Zimbabwe government figures blamed exporters on Monday for exacerbating a dollar shortage and warned the power utility against fuelling inflation as the state grappled with a mounting economic crisis.
HARARE Nelson Masaka heaves a hindquarter of beef on his shoulder from a truck and trudges inside his butchery shop, wondering out loud how he would survive Zimbabwe's worst power cuts in three years. | Video