Zimbabwe economy flatlines, state wage bill soars

Zimbabwe expects lacklustre economic growth next year, hit by a lack of foreign investment, low commodity prices, a liquidity crunch in the financial sector and weak domestic savings, Finance Minister Patrick Chinamasa said on Thursday.

With economy sinking, Mugabe sets hopes on “old friend” China

By Cris Chinaka and Michael Martina HARARE/BEIJING (Reuters) – Snubbed by a U.S.-hosted gathering of African leaders this month, Zimbabwe’s veteran President Robert Mugabe has turned again to “old friend” China, but even Beijing’s support may not be enough to rescue his country’s sinking economy. Mugabe, at 90 Africa’s oldest leader and one of its … Read more

Zimbabwe economy takes another dive

It is 4 a.m. and people are already lining up outside Zimbabwe’s main passport office – four hours ahead of opening time – in hopes of securing a passport that will allow them to escape their country’s dearth of opportunities and search for work abroad. Several million Zimbabweans left for South Africa and other countries … Read more

Robert Mugabe on another “routine” singapore check-up

By Cris Chinaka HARARE (Reuters) – Zimbabwe’s 90-year-old President Robert Mugabe is in Singapore for “another routine eye check-up”, his spokesman said on Thursday, playing down concerns about the health of the veteran African leader who has no obvious successor. Mugabe had a cataract operation in Singapore on the eve of his 90th birthday in … Read more