Zimbabwe: Two steps forward, one step back – Cathy Buckle
As 2021 draws to a close, Zimbabwean author Cathy Buckle reflects on another year of no progress for the African nation.
As 2021 draws to a close, Zimbabwean author Cathy Buckle reflects on another year of no progress for the African nation.
Author Cathy Buckle has cleared a path through the smoke-and-mirrors: in a nutshell, Zimbabwe’s move to a new currency is a nifty way for the government to extract more funds out of its struggling citizens.
Zimbabwe began formal trading of what’s effectively a new currency as it tries to ease a shortage of dollars that’s crushed the economy.
Zimbabwe should adopt South Africa’s rand as its currency, one of a series of fundamental reforms needed to restore economic stability in the country, former Finance Minister Tendai Biti said.
Zimbabwean opposition politician Tendai Biti, thwarted in a bid to seek asylum in Zambia, was charged with public violence in a court in his home country and released on bail.
Zimbabwe’s upcoming elections are being billed as the most important as the nation tries to rebuild after Robert Mugabe’s 37-year rule and revive an economy that’s halved in size since 2000.
Former finance minister Tendai Biti was jubilant after he took Mugabe’s government to court over an unpopular 14-day ban on demonstrations – and won.
Mugabe’s newly installed nephew has not only re-instated the 51% local ownership rules, but has added a 10% tax levy on foreign companies that haven’t complied.
Former Zimbabwean finance minister Tendai Biti believes an actual collapse of Robert Mugabe’s government is around the corner.
For 13 years the biggest threat to President Robert Mugabe’s grip on power came from an opposition party that grew out of the country’s labor unions. Now he is facing an even bigger challenge from within his own party.