Central bank chief John Mangudya said the official exchange rate was expected to change by the time auctions for tobacco, Zimbabwe’s second-largest earner of foreign currency after mining, open on March 20.
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Nyoni further applauded the government’s efforts to empower women by placing them in powerful positions such as the ministry of information and defense, and also previous high level posts like vice president.
President Donald Trump decided this week to extend by one year U.S. sanctions that target more than 100 entities and individuals in Zimbabwe, including President Emmerson Mnangagwa
Residents fear the plan will spark water-borne diseases such as cholera and typhoid in the city
More than 6,500 civilians left Baghuz in the last two days alone; hundreds of IS families were among those fleeing the town
“The current illegal sanctions regime loses Zimbabwe a lot of business, retards development and also comes with other social costs … We will do everything in our power to have them removed.”
Asked to confirm a Bloomberg report that Zimbabwe will scrap the black empowerment rules for platinum, Winston Chitando told Reuters in a WhatsApp message: “Confirmed. It’s part of continued review of (the) Zimbabwe is open for business mantra.”
On the black market, the RTGS rate was 3.8 to the dollar on Thursday, compared to 3.5 last week.