Finance

US dollar still rules in Zimbabwe despite local currency rally

By Bloomberg News Central bank head warns against ‘big bang’ change to system Oldest brokerage fears premature return to single
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Zimbabwe’s consumer prices fell 15% in July on currency rally

By Bloomberg News Central bank sees low to negative inflation in second half Drop is good news for ruling party
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Pick n Pay Zimbabwe declares $1.65 dividend, expands store footprint

By Business Report Pick n Pay’s Zimbabwean partner, boosted by firming sales volumes in the TM Pick n Pay chain
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Reserve Bank of Zimbabwe owes over US$4 billion for food and fuel supplies

By Bloomberg News Zimbabwe’s central bank has racked up debts of more than $4 billion to banks and companies including
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IMF agrees to engage with Zimbabwe on new Staff Monitored Programme

By Xinhua HARARE: The International Monetary Fund (IMF) has agreed to engage with Zimbabwe on a new Staff Monitored Program
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An 800% stock market rally puts Zimbabweans on edge

By Bloomberg News In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%,
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Zimbabwe’s gold-backed digital token won’t fix the country’s currency woes, economists say

By Camomile Shumba Zimbabwe’s gold-backed digital token is not going to stabilize the country’s local currency as the central bank
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Zimbabwe inflation doubles to 175.8% in June amid weakening currency

By Agencies Zimbabwe’s annual inflation rose to 175.8% in June from 86.5% in May, data showed on Monday, exacerbating a
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Kenya’s new tax package angers some backers of president who once vowed to reduce cost

By Associated Press NAIROBI: Kenyans are preparing for tough times after lawmakers approved tax increases that are even unpopular with
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Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say

By Associated Press PARIS: Zambia and its government creditors, including China, have reached a deal to restructure $6.3 billion in
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