Kenya Approaches Agreement for $1.5 Billion Loan from UAE Government
Kenya is close to securing a $1.5 billion loan from the UAE government to support its financial situation amid rising...
economics
Zimbabwe Faces Currency Crisis as New Monetary Policy Unravels
Zimbabwe's new currency, the Zimbabwe Gold (ZiG), is suffering from a prolonged decline in value against the US dollar, showcasing...
ZiG’s Declining Value Threatens Zimbabwe’s Retail Sector
The Zimbabwe Gold currency (ZiG) has lost 80% of its value since its launch, causing severe repercussions for formal retailers...
Zimbabwe’s Gold-Backed Currency: A Crisis of Confidence Amid Rising Inflation
Zimbabwe's new currency, the ZiG, is struggling to gain acceptance as illegal money changers emerge, offering high exchange rates, driving...
Zimbabwe’s Retail Sector Crumbles Under Weight of ZiG Currency Challenges
Retailers in Zimbabwe warn that the official exchange rate of the newly introduced Zimbabwe Gold (ZiG) is unsustainable and is...
Zimbabwe Retail Crisis: Retailers Warn of Possible Store Closures Amid Currency Devaluation
Top retailers in Zimbabwe are at risk of closing due to unfavorable government exchange rate policies. The mandated official exchange...
Concerns Mount for Zimbabwean Retailers Amidst Exchange Rate Crisis
Top retailers in Zimbabwe caution against store closures due to an official exchange rate deemed harmful to their competitiveness. The...
Zimbabwe Urged to Abandon Command Exchange Rate Policy for Economic Stability
Zimbabwe is urged to abandon its fixed exchange rate policy for the ZiG currency, as this has led to significant...
