Three suspected leaders of activist group # Tajamuka arrested while addressing journalists on bond notes last year will presently go on trial next month.
Magistrate Rumbidzai Mugwagwa set the trial date for Promise Mukwananzi, 35, and co-accused Mehluli Dube, 35, and Kudakwashe Manjonjo, 23, to February 24.
They are being charged with participating in a gathering with the intention to incite public violence and for being a public nuisance.
This came as reports on Friday indicated that Obama's government was set to relieve sanctions against Sudan and broaden presently limited talks with the long estranged African government.
IN Zimbabwe—the country that once suffered 500 billion % inflation—one dollar may presently cost you as much as $1.07.
A shortage of banknotes is resulting in a new black market additional than seven years next Zimbabwe abolished its own money, the Zimbabwean dollar, and adopted the greenback and other foreign currencies to avoid exactly that sort of unofficial trading. The shortage of cash has intensified in recent weeks, according to central bank Governor John Mangudya, forcing banks to limit withdrawals and shut down some ATMs.
Zimbabwe implemented a multi-currency system in 2009 next its economy collapsed in the wake of a campaign to seize white-owned commercial farms and hand them over to black subsistence farmers, triggering a near decade-long recession as exports from tobacco to roses slumped.
- Key Facts
Ambassador : H.E.Mr.Frederick M. Shav
Full name: Republic of Zimbabwe
Population: 12.6 million (UN, 2010)
Area: 390,759 sq km (150,873 sq miles)
Major language: English (official), Shona, Sindebele
Major religions: Christianity, indigenous beliefs
Life expectancy: 54 years (men), 53 years (women) (UN)
Monetary unit: 1 Zimbabwe dollar = 100 cents
Main exports: Tobacco, cotton, agricultural products, gold, minerals
GNI per capita: $460 (World Bank, 2010)
Internet domain: .zw
International dialling code: +263
THE phrase 'gore rezhara' or 'umyaka wendlala' - the year of famine - is familiar with most Zimbabweans of my age. Up until the late 1970s, our grandparents and parents tended to calibrate historical eras with 'landmarks' of years at the same time as hunger and famine were at their worst. Massive national food deficits particularly in vulnerable regions like Matabeleland, the Midlands, Masvingo and some parts of Mashonaland West were a common phenomenon. From presently on, it was very rare to hear of anyone dying of starvation.
Zimbabwe’s economy is on the verge of recession, with low consumer request and a liquidity crunch putting its businesses under plenty of strain. Against this backdrop, finance minister Patrick Chinamasa tells Paul Wallace how he has started to rebuild its ties with multilateral lenders in a bid to access new credit.
The country (Zimbabwe) is situated in Southern Africa, between South Africa and Zambia. It has borders with Mozambique for 1231 km, South Africa for 225 km, Botswana for 813 km, and Zambia for 797 km.
Is land is normally high plateau with higher central plateau (high veld) mountains in east. Is land covers an area of km². The climate is tropical; moderated by altitude; rainy season (November to March).Zimbabwean speak English Shona, Sindebele ,numerous but minor tribal dialects.
Presidential and legislative elections will be held on July 31st, and are likely to prove chaotic given that they are underfunded and that protracted disputes over the exact timing have left the electoral authority with relatively little time to organise the practicalities. The IMF has agreed a staff-monitored programme covering April-December 2013. This could lead to a deficit-relief agreement in the longer term, but much will depend on economic policymaking in the wake of the polls. Increase in 2013 is likely to remain depressed, at little additional than 2%, but expansion should start to rise thereafter, provided that the new government does not return to failed economic policies.
This Zimbabwe-based start-up is dedicated to offering a socially responsible and much-needed financial service to Africans at the bottom of the pyramid with a financially sound business model built to maximize investor price while keeping risk to a minimum. Join us as we interview Mr. Clifford Brody, Senior Advisor to VirtualBank and Founder and CEO of World Bankers Institute
This contradicted Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere, who was once quoted saying the Chinese would not be affected by the indigenisation regulations.
Addressing the Zanu PF 13th Annual National People’s Conference in Gweru, Mugabe warned the Chinese that they would no longer be protected from the controversial indigenisation laws, which compel foreign-owned companies to cede 51% shareholding to locals.
Muchadeyi Ashton Masunda is mayor of Harare, capital of Zimbabwe. He holds a bachelor of law (honors) degree from the University of Zimbabwe and is a fellow and accredited tutor of the Chartered Institute of Arbitrators in the United Kingdom.
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