Zimbabwe’s annual inflation rate hit 175% in June, official data showed Monday, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed.
Zimbabwe’s energy regulator has raised petrol and diesel prices by up to 16%, the fourth increase this year, after the finance minister said fuel was considerably cheaper than in neighbouring countries. President Emmerson Mnangagwa announced the biggest fuel price hike in January, a 150% increase, which sparked deadly protests by financially struggling Zimbabweans that left […]
Zimbabwe may be on a verge of winning the war against early child marriages.
Zimbabweans are angry as a year-on-year price jump of around 100% has eaten the value of their wages and savings, recalling the horrors of hyperinflation in 2008.
Zimbabwe’s economic turnaround hopes are dwindling by the day. The country is facing shortages of U.S. dollars, fuel, bread and more than 15-hour power cuts.