Why is Zimbabwe launching a new currency?

It’s less than two weeks after Spain won the men’s World Cup, but suddenly the tournament is back in the headlines. This time it’s because of a plan from Fifa’s President Gianni Infantino to sell a stake in their tournaments to private investors. Infantino says it’s a chance to “ ...  Show more

You might have heard Gen Z being called the “sober generation” - the data suggests that we’re less likely to drink than older generations, that alcohol-free brands are getting more popular with under-30s and there’s a huge push towards sobriety and wellness culture more generally ...  Show more

How many bills do you need to buy a loaf of bread? The dollar isn’t taking Zimbabweans as far as it used to: life is getting more and more expensive. The central bank has introduced a new bill worth 50 Zimbabwean dollars, the highest banknote going around. But this alone has brou ...  Show more

Zimbabwe’s central bank introduced a policy last year to sell gold coins in a bid to stabilise the country’s economy and combat inflation. They were meant to be an alternative to dollars as a way of safeguarding people‘s wealth – even when the local currency was losing its value. ...  Show more

There are two types of people who buy gold. Speculators who see it as a risk-adverse asset class to buy when other investments look a little shaky. There are also those who hold onto gold because they believe paper money has no intrinsic value and is therefore susceptible to coll ...  Show more

“As an ordinary Zimbabwean I have to be worried when my president is sanctioned, because an investor who is in Dubai will think twice before coming to Zimbabwe” – Dr. Alexander Rusero, Zimbabwean political analyst. The United States has imposed fresh sanctions, replacing a broade ...  Show more