Zimbabwe central bank says it secures $500 million to ease dollar shortages

HARARE, May 19 (Reuters) – Zimbabwe’s central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and ease a dollar crunch

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RPT-EXPLAINER-Why Zimbabwe faces worst power cuts in three years

HARARE, May 16 (Reuters) – Zimbabwe is experiencing its worst power cuts in three years, lasting up to 10 hours daily in some areas and threatening mining output in one

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EXPLAINER-Why Zimbabwe faces worst power cuts in three years

HARARE, May 16 (Reuters) – Zimbabwe is experiencing its worst power cuts in three years, lasting up to 10 hours daily in some areas and threatening mining output in one

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S.Africa’s Tongaat Hulett, lenders to consider standstill agreement

JOHANNESBURG, May 16 (Reuters) – South Africa’s Tongaat Hulett Ltd said on Thursday it was looking to negotiate a standstill agreement with its lenders, which had already agreed to waive

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Gold miner Metallon demands $132 mln from Zimbabwe central bank -documents

JOHANNESBURG, May 16 (Reuters) – Africa-focused gold miner Metallon Corporation is demanding nearly $132 million it says it is owed by Zimbabwe’s central bank, legal documents showed on Thursday, as

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UPDATE 1-Zimbabwe to rebase economy after adopting new currency – finance minister

HARARE, May 15 (Reuters) – Zimbabwe’s Finance Minister announced the rebasing of the economy on Wednesday, following the adoption of a new currency earlier this year, and said growth would

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Zimbabwe to rebase economy after adopting new currency – finance minister

HARARE, May 15 (Reuters) – Zimbabwe’s finance minister on Wednesday announced the rebasing of the economy after adopting a new currency and said the economy had grown more than expected

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Zimbabwe platinum mines to ride out power cuts, gold output less secure

HARARE, May 15 (Reuters) – Power imports are cushioning platinum mining companies against Zimbabwe’s worst blackouts in three years, but gold mines could face production cuts as they continue to

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PLATINUM WEEK-Tharisa seeks to tap Zimbabwe’s battery minerals potential

LONDON, May 15 (Reuters) – Platinum group metals miner Tharisa is expanding into Zimbabwe with a drilling programme that could deliver results early next year and develop the company’s exposure

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Zimbabwe starts rolling power cuts, hitting mines, industry

HARARA, May 13 (Reuters) – Zimbabwe has started rolling power cuts lasting up to eight hours that will also hit mines, a schedule from the state power utility showed on

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FEATURE -Politics: no laughing matter in poverty-hit Zimbabwe

HARARE, May 8 (Thomson Reuters Foundation) – It’s no joke being a comedian in Zimbabwe.

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Zimbabwe central bank sees official, black market exchange rates converging in 3 months

HARARE, May 7 (Reuters) – Zimbabwe’s central bank governor said on Tuesday he expected the official exchange rate of a new currency to converge with that on the black market

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Zimbabwe extends central bank governor’s term by another five years

HARARE , May 3 (Reuters) – Zimbabwe’s President Emmerson Mnangagwa on Friday appointed John Mangudya for a second and final five-year term as central bank governor, a government official said.

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UPDATE 1-World Banks scales up support for Cyclone Idai hit nations to $700 million

MAPUTO, May 3 (Reuters) – The World Bank has increased emergency support for the three southern African countries affected by a devastating cyclone that killed hundreds in March to $700

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UPDATE 2-Floods destroy homes, trap families in cyclone-hit Mozambique

PEMBA, Mozambique, April 28 (Reuters) – Rescuers raced to help people caught in rising floodwaters in cyclone-hit northern Mozambique on Sunday as houses collapsed and heavy rains raised fears of

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China’s Tsingshan expands plans for Zimbabwe steel plant

HARARE, April 23 (Reuters) – China’s Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe’s Mines

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Zimbabwe nearly doubles bread price as economic woes mount

HARARE, April 16 (Reuters) – The price of bread nearly doubled in Zimbabwe on Tuesday, another burden for citizens already struggling with a weakening currency and rising prices for basic

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Tracking goats and bleach, artificial intelligence helps out in crises

OXFORD, England, April 11 (Thomson Reuters Foundation) – When Nepal suffered devastating twin earthquakes in 2015 that killed nearly 9,000 people, the government provided help for families whose homes had

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UPDATE 1-Zimbabwe reaches agreement with IMF on economic reform programme

HARARE, April 11 (Reuters) – Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a programme of economic policies and structural reforms that could pave the way to

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Zimbabwe GDP growth below target at 4 percent in 2018-Treasury

HARARE, April 11 (Reuters) – Zimbabwe’s economy grew by 4 percent last year, below an initial target of 4.5 percent, treasury said on Thursday, as the country struggles with a

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Zimbabwe reaches agreement with IMF on economic reform programme

HARARE, April 11 (Reuters) – Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a programme of economic policies and structural reforms that could pave the way to

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Zimbabwe mulls ‘use it or lose it’ approach to mining rights – deputy mines minister

JOHANNESBURG, April 10 (Reuters) – Zimbabwe is considering taking away mining rights from companies that are taking too long to dig for minerals, deputy mines minister, Polite Kambamura, said on

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After floods drench eastern Zimbabwe, water shortages parch Harare

HARARE, April 7 (Thomson Reuters Foundation) – As eastern Zimbabwe struggles with the aftermath of floods that have killed nearly 270 people and destroyed homes and roads, other parts of

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Zimbabwe finmin criticises ‘profiteering’ price hikes as new currency falls

HARARE, April 3 (Reuters) – Zimbabwe’s finance minister on Wednesday accused local businesses of profiteering for linking price increases of basic goods to exchange rate movements of a new transitional

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Zimbabwe power utility seeks 30 percent tariff increase – report

HARARE, April 1 (Reuters) – Zimbabwe’s state-owned power utility ZESA Holdings has applied to the energy regulator to raise its tariff by 30 percent for maintenance of its grid and

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FEATURE-‘Now I’m nothing’: Zimbabwe floods leave local traders destitute

CHIMANIMANI, Zimbabwe, March 30 (Thomson Reuters Foundation) – In eastern Zimbabwe’s Rusitu Valley, heavy rain brought by Cyclone Idai this month caused flooding that rampaged through dozens of small grocery

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Cricket-Cash-strapped Zimbabwe struggle without World Cup on horizon

March 29 (Reuters) – As the heavyweights of international cricket set their sights on lifting the World Cup at Lord’s in the English summer, Zimbabwe are confronted with the reality

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UPDATE 1-Storm-slammed Mozambique must rebuild for ‘tomorrow’s climate’

BARCELONA, March 27 (Thomson Reuters Foundation) – The destruction wrought by Cyclone Idai in southern Africa this month shows weather warnings must spur action and infrastructure has to be built

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UPDATE 1-Around 1.85 mln people affected by cyclone in Mozambique -UN

BEIRA, Mozambique, March 26 (Reuters) – About 1.85 million people have now been affected by Cyclone Idai and its aftermath in Mozambique alone, U.N. humanitarian agency OCHA said on Tuesday,

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Millions of women still landless despite global push for equality

WASHINGTON, March 25 (Thomson Reuters Foundation) – Millions of women worldwide are still unable to access and own land despite laws recognising their rights, researchers and campaigners said on Monday

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Cyclone Idai: Let’s contribute for Mozambique, Zimbabwe – Minority

The Minority in Parliament is demanding financial contributions from MPs to support victims of cyclone Idai which has left close to 1000 people dead across three countries in Southern Africa.

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