Zimbabwe's main opposition party called off planned anti-government demonstrations on Friday, saying it aimed to avert bloodshed after police rounded up its followers and dispersed them with batons and water cannon. | Video
HARARE Zimbabwean police have banned street demonstrations planned by the main opposition on Friday and anyone who takes part would be committing a crime, a police spokesman said, likely escalating political tension in the southern African nation.
HARARE Zimbabwe's economy will shrink this year due to a drought, foreign currency shortages and severe power cuts, its finance minister said, as he announced a threefold hike in electricity tariffs that will fuel already crippling inflation.
JOHANNESBURG Zimbabwe's Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global "Bretton Woods" lending institutions to try and turn around a sickly economy.
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 July 3 story corrects paragraphs 10, 11 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.