Saturday, December 03, 2016

As the Mugabe era enters its twilight, Zimbabwe is facing rising poverty and protests

As the Mugabe era enters its twilight, Zimbabwe is facing rising poverty and protests. A power struggle in the ruling party to succeed him pits one faction backing his wife Grace and another coalescing around Vice President Emmerson Mnangagwa, a former spy chief. At the same time, unrest is spreading over food shortages and a cash crunch that has delayed payment of salaries and prompted the central bank to introduce dollar-pegged bond notes that Zimbabweans immediately dubbed “zombie currency.” .... https://www.bloomberg.com