Zimbabwe economy - updates

Rappler's latest stories on Zimbabwe economy


Zimbabwe: On the edge again?

Jun 28, 2020 - 11:30 PM

Zimbabwe is being buffeted by its worst economic crisis in over a decade, including scarcity of basics like fuel and cornmeal

A queue of needy individuals with plates in hand forms outside Samantha Murozoki's home in Chitungwizaon May 5, 2020, where she feeds the underprivileged a free meal during the government imposed COVID-19 coronavirus lockdown period in Zimbabwe. - With the help of volunteers Samantha Murozoki serves over a 100 hot meals per day from her home to underprivileged families whose household income has been cut off by closure of all informal markets during the lockdown. (Photo by Jekesai NJIKIZANA / AFP)

Zimbabwe suspends mobile banking, stock exchange trade

Jun 27, 2020 - 9:45 AM

The Zimbabwean government accuses the country's stock exchange of being complicit in illicit financial activities

Aaron Munyoro, who is unemployed and lives with his elderly mother, makes a payment from his mobile phone for basic food items including bread at a local tuck shop in Epworth, on the outskirts of Harare, on December 10, 2019. - The World Food Programme (WFP) and UKAID chose Epworth for an urban cash transfer pilot project where they are giving assistance of 9 USD mobile money transfers per person in food insecure households per month. (Photo by Jekesai NJIKIZANA / AFP)

Zimbabwe increases fuel price by 150%

Jun 25, 2020 - 2:35 PM

Zimbabwe has been facing fuel shortages since October 2018

FUEL SHORTAGE. Motorists form a long queue at a gas station in Harare, Zimbabwe, on September 10, 2019. File photo by Tony Karumba/AFP

Coronavirus pushes Zimbabwe to reintroduce use of U.S. dollar

Mar 27, 2020 - 9:45 AM

The move is part of 'measures to mitigate the devastating impact of COVID-19 on the Zimbabwean society and the economy'

Zimbabwe inflation soars to 540%

Mar 09, 2020 - 7:45 PM

The inflation rate in Zimbabwe surges to 540.16% in February 2020

TOUGH TIMES. Emily Maphosa, 78, cooks on March 2, 2019, at her home in Emakhandeni Bulawayo, Zimbabwe. Her country's economic situation has dramatically deteriorated. Photo by Zinyange Auntony/AFP

Zimbabwe quadruples electricity price as crisis deepens

Oct 10, 2019 - 2:50 PM

Zimbabwe is dealing with hyperinflation which has seen many families living on a single meal a day

A young Zimbabwean boy does his homeworks under a candle light in Harare on June 26, 2019. - Zimbabwe -- where the economy has recently lurched into a fresh bout of crisis -- introduced rotational power cuts of up to 19 hours a day earlier this year, forcing many to do their ironing or cooking in the dead of night. (Photo by Jekesai NJIKIZANA / AFP)

Zimbabwe raises oil prices by more than 25%

Oct 07, 2019 - 2:05 PM

A full tank of fuel in Zimbabwe now costs more than a month's salary for a cook or a maintenance worker, and more than half a month's salary for a doctor

Motorists form a long queue with their vehicles at a petrol station at dusk in Harare on September 10, 2019, during an ongoing nationwide fuel shortage. - Fuel in Zimbabwe is in short supply and its price has been increased more than six times since the start of 2019 -- as have prices for several other goods. (Photo by TONY KARUMBA / AFP)

Zimbabwe's leader begs for patience to fix ailing economy

Oct 02, 2019 - 12:35 PM

Zimbabwe's economy has been badly suffering for two decades, but the last 12 months are the worst decline in 10 years

A customer buys cooking oil at a stall where smaller than standard measures of cooking oil is sold at Harare Mbare Musika marketplace on July 15, 2019. - Zimbabwe's annual inflation rate hit 175 percent in June, official data showed on July 15, 2019, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed. Supplies of essentials such as bread, medicine and petrol have regularly run short in the country as price increases hit their fastest pace since the government was forced to abandon the Zimbabwe dollar in 2009. (Photo by Jekesai NJIKIZANA / AFP)

Inflation nightmare returns to haunt Zimbabwe

Apr 21, 2019 - 9:50 PM

Prices of goods and services in Zimbabwe are skyrocketing at rates unseen in a decade. 'It's a miracle how people are surviving,' says a resident.

Emily Maphosa, 78, cooks on March 2, 2019 at her home in Emakhandeni Bulawayo. - For years now Maphosa has been ordering most her groceries from South Africa using the service of informal couriers. Items are loaded in Johannesburg onto trailers attached to minibuses which make the 550 kilometres (340 miles) journey north to the border of Zimbabwe, where economic situation has dramatically deteriorated, pushing inflation above 50 percent, and shortages of household essentials have become widespread. (Photo by ZINYANGE AUNTONY / AFP)