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Zimbabwe inflation almost doubles, stirring memories of economic chaos

9:37am EDT

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.

Zimbabwe public workers reject $21 million pay rise

Jul 09 2019

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.

Premium prices attract small farmers back to coffee growing in Zimbabwe

Jul 08 2019

(This story corrects paragraphs 10, 11 of July 3 story to say TechnoServe instead of Technoserve) | Video

UPDATE 2-Zimbabwe poised to raise public workers pay again

Jul 08 2019

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.

Zimbabwe runs out of passports, adding to long list of shortages

Jul 03 2019

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.

Zimbabwe to allow U.S. dollar cash withdrawals from some accounts

Jul 01 2019

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.

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

Jun 03 2019

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.

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam

May 30 2019

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.

Zimbabwe presses exporters, power utility as economic crisis mounts

May 27 2019

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.

Zimbabwe's small businesses reel from power cuts

May 21 2019

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

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