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Chiwenga threatens black market traders amid free-falling dollar

Published

4 years ago

September 24, 2021

BY RAY NDLOVU

Zimbabwean Vice President Constantino Chiwenga issued a threat against the parallel-currency market traders, becoming the nation’s most senior official to acknowledge the risk that a resurgent black market poses to efforts to revive the beleaguered economy.

“I wish to warn the perpetrators of this heinous crime that the long arm of the law will soon catch up with them,” Chiwenga told business leaders in the second-largest city of Bulawayo.

He gave no details on the next steps.

The official Zimbabwe dollar has weakened 6.3 percent so far this year to 86.90 per U.S. dollar, according to data collected by Bloomberg.

It trades at $162 per US dollar, according to marketwatch.co.zw, a website that tracks black-market rates.

The local unit’s plunge on the black market often leads to price hikes in the southern African nation, whose annual inflation was 50 percent in August.

The spread between the official and parallel rate had been stable for about a year since the central bank introduced a weekly auction in June 2020.

But it has almost doubled in recent weeks due to payment backlogs that have left companies unable to access foreign currency.

In the past, the government sought to curb the black market by banning publishing of parallel rates and by asking retailers to price transactions at official rates.

It has also cracked down on mobile-money transactions in an effort to stabilize the currency.- Bloomberg

In the community

Hwange police seek public’s help in locating missing teen

Published

2 weeks ago

May 15, 2025

VicFallsLive

BY STAFF REPORTER

The Hwange police are urgently seeking the public’s assistance in locating 16-year-old Latoya Lisa Munkuli, who went missing on May 7, this month.

Latoya, a dark-complexioned female juvenile, was last seen leaving her residence in Hwange around 4 pm.

She was wearing a distinctive outfit consisting of green trousers and a white T-shirt, and carried a black satchel. She stands approximately 1.6 meters tall.

Inspector Glory Banda of the Hwange police is leading the investigation and urges anyone with information about Latoya’s whereabouts to come forward.

If you have any information about Latoya’s disappearance, please contact Inspector Banda on 0785961747 or 0771256607.

National

Coal train in flames: NRZ locomotive damaged in fire incident

Published

2 months ago

April 16, 2025

VicFallsLive

BY WANDILE TSHUMA

A National Railways of Zimbabwe (NRZ) locomotive suffered significant damage after catching fire while transporting export coal to Zambi. The incident occurred between Kalala and Matetsi sidings, resulting in the explosion of the locomotive’s fuel tanks.

According to the NRZ press statement on Monday, “A National Railways of Zimbabwe locomotive suffered some damages after it caught fire this afternoon while transporting export coal to Zambia.” Fortunately, the crew members on board managed to escape unharmed.

The NRZ responded swiftly to the incident, dispatching a rescue train with crews to the site. The team successfully extinguished the fire, preventing further damage. However, the locomotive itself sustained considerable damage.

The cause of the fire is yet to be determined, with investigations currently underway. “Investigations are already underway to establish the cause of the fire and the amount of damage to the locomotive,” the NRZ statement read.

In the community

Human-wildlife conflict claims 18 lives in Zimbabwe’s first quarter

Published

2 months ago

April 16, 2025

VicFallsLive

BY NOKUTHABA DLAMINI

The Zimbabwe Parks and Wildlife Management Authority (ZimParks) has reported a disturbing trend of human-wildlife conflict in the country’s first quarter of 2025. According to the authority, 18 people have lost their lives, and 32 others have been injured in encounters with wildlife.

ZimParks spokesperson Tinashe Farawo revealed that the authority received 579 cases of human-wildlife conflict, which they managed to respond to promptly. The incidents have also resulted in significant livestock losses, with at least 53 cattle and 85 goats killed by wildlife.

The districts most affected by these incidents include Binga, Hwange, Kariba, Chiredzi, Hurungwe, Nyaminyami, and Mbire. ZimParks has been working tirelessly to raise awareness about wildlife behaviors and effective preventive measures in these areas.

In response to the crisis, ZimParks has translocated 129 animals back into protected areas and eliminated 158 animals deemed problematic.

“We encourage communities to continue reporting incidents to ZimParks Problem Animal Control numbers and local leadership, such as Councillors, Traditional Leaders, and Rural District Council Authorities, to ensure that we preserve lives,” Farawo urged.

The significant increase in livestock losses, with cattle deaths rising from 18 to 53 and goat deaths from 21 to 85 compared to the same period in 2024, highlights the growing challenge of human-wildlife conflict in Zimbabwe.

ZimParks’ efforts to mitigate the conflict include community initiatives to educate people on managing wildlife encounters effectively.