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Zimbabwe imposes capital controls to stem currency’s slide

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BY RAY NDLOVU AND GODFREY MARAWANYIKA

 Zimbabwe’s President Emmerson Mnangagwa has imposed capital controls in an attempt to control the currency’s rapid depreciation.

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The Zimbabwean dollar has lost half of its value this year making it Africa’s worst performing currency.

Banks in the country have been ordered to stop lending with immediate effect “to minimise the creation of broad money that is prone to abuse for purposes of manipulating the exchange rate,” Mnangagwa said in a televised speech.

The move is meant to support the currency, amid a growing threat of the economy dollariszing for the second time since 2009 when the country last officially turned to the US dollars as hyperinflation soared.

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Old Mutual, the largest insurer in the country, in its quarterly economic brief warned that dollarisation is inevitable to stabilise prices.

Annual inflation in April soared to 96.4% from 72.7%.

“Banks shall with immediate effect not process third-party country foreign payments,” the president said, referring to payments made to an entity overseas via another country.

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“Third-party foreign payments are susceptible to illicit financial flows which prejudice the country of its hard-earned foreign currency resources.”

The new measures also reverse the administration’s propensity toward the US dollar which had the effect of undermining the local currency reintroduced in February 2019.

The state pays in part its employees salaries and Covid-19 allowances in the American currency.

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It had also paid annual bonuses in US dollars last year.

In the southern African nation most payments from fuel to food, medicine and school fees are pegged in US dollars.

Multiple exchange rates of at least 350 to 420 per US dollar are readily available on the parallel market.

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The local unit officially trades at 165.99 to the US dollar. – Bloomberg

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In the community

Tsholotsho man jailed for stealing and slaughtering neighbour’s goat

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BY STAFF REPORTER

A 31-year-old man from Tsholotsho has been sentenced to an effective six months in prison after being convicted of stealing and slaughtering his neighbour’s goat.

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The incident occurred on 11 July 2024 when the complainant released his herd to graze at Mhlahlo grazing land. One black-and-white goat failed to return, prompting the owner and fellow villagers to launch a search.

The search led to the accused’s homestead, where the complainant positively identified the carcass of his missing goat. The man initially denied involvement in the theft, but investigations revealed overwhelming evidence linking him to the crime.

He was arrested and placed in police custody but later escaped while being taken to the police station. The escape was promptly reported, leading to his re-arrest.

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The court sentenced the accused to 12 months’ imprisonment, with three months suspended on condition of good behaviour. A further three months were suspended on condition that he pays restitution amounting to ZAR1 500. He will therefore serve an effective six-month prison term.

In a statement, the National Prosecuting Authority of Zimbabwe commended communities for remaining vigilant and reporting crime promptly.

“Justice is strongest when citizens stand together against lawlessness. Silence and tolerance of crime only empower offenders,” the NPAZ said.

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In the community

EMA, Lupane State University step up fight against deadly Umkhawuzane in Mat North

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BY WANDILE TSHUMA

The Environmental Management Agency (EMA), in partnership with Lupane State University, has launched a community-based initiative to control and reduce the impact of the toxic plant Dichapetalum cymosum, locally known as Umkhawuzane or Gifblaar, which has caused significant livestock losses in Matabeleland North.

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The initiative, focuses on managing the spread of the poisonous plant, which is widely recognised as one of the most dangerous threats to cattle in Southern Africa. Gifblaar is estimated to contribute to about eight percent of livestock deaths linked to toxic plants in the region. The plant contains fluoroacetate, a potent toxin that causes sudden death in animals and poses risks of secondary poisoning through the food chain.

According to EMA, the study was carried out in Ward 18 (Makhovula) in Lupane District and Ward 10 in Umguza District. It combined community sensitisation with mechanical and chemical control trials aimed at identifying effective ways to eradicate the plant.

Community engagements revealed a high level of awareness among farmers about the toxicity of Umkhawuzane. Farmers reported losing an average of three to four animals per household during the winter season, when forage is scarce and the plant remains green, increasing the risk of livestock consumption.

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Results from the trials showed that mechanical removal of the plant produced promising outcomes. No regeneration was observed in areas where roots were excavated to depths of between one and 1.5 metres. However, chemical control using glyphosate only led to temporary suppression of the plant and did not achieve complete eradication, while also affecting surrounding vegetation.

EMA said the findings highlight the need for integrated and site-specific management approaches. These include effective mechanical removal, cautious use of chemicals, and continuous community education to prevent further losses.

The agency, together with Lupane State University, reaffirmed its commitment to working closely with local communities to protect livestock, improve rangeland management and reduce the economic losses caused by Umkhawuzane in Matabeleland North.

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National

Government to reward top-performing schools nationwide

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BY NOSIZO MPOFU

The Ministry of Primary and Secondary Education has launched a new national initiative to promote and reward academic excellence across Zimbabwe’s education system, Minister Torerayi Moyo has announced.

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In a post on X, Minister Moyo said the programme will recognise and award the top 10 best-performing schools in each province, based on their 2025 pass rates at Grade Seven, Ordinary Level and Advanced Level.

“The recognition is a celebration of high-performing schools that have consistently demonstrated a strong commitment to academic achievement and the holistic development of learners,” said Moyo. He added that the initiative aligns with the Government’s commitment to providing equitable, inclusive and quality education, in line with Sustainable Development Goal 4 (SDG 4).

In addition to provincial awards, the ministry will also identify and reward the top five best-performing schools nationally in the 2025 Zimbabwe School Examinations Council (ZIMSEC) and Cambridge examinations. These schools will be honoured on 20 March 2026.

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According to the minister, the recognised institutions will serve as “beacons of excellence and inspiration,” setting benchmarks for quality education and academic performance across the country.

Minister Moyo also called on individuals, corporates, well-wishers and development partners to support the initiative through sponsorships, awards, grants and other forms of assistance.

“This support will go a long way in motivating our hardworking teachers and headmasters,” he said.

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Those interested in supporting the programme have been advised to contact the Ministry of Primary and Secondary Education Head Office through official communication channels.

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