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Inflation ravaged Zimbabwe introduces $100 note

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HARARE – Zimbabwe has introduced a new $100 note as inflation ravages the nation.

Announcing the new features of the dollar note in Statutory Instrument (SI) 68A of 2022, Finance minister Mthuli Ncube did not spell out the reasons for introducing the dollar note.

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According to the Reserve Bank of Zimbabwe (RBZ), the country is facing galloping inflation and the new note shall be issued in terms of section 40(3) of the Reserve Bank of Zimbabwe Act [Chapter 22:15].

Statutory Instrument 68A reads in part, “On the front side the dominant feature shall be the logo of the Reserve Bank of Zimbabwe (three balancing rocks), with the visually impaired recognition feature to the left, latent image showing the denomination, windowed security strip inscribed “RBZ” with color shift from red to green, watermark with highlighted inscription “RBZ” and see-through of Zimbabwe Bird looking to the left in perfect register, as secondary features.

“On the back side, there shall be an impression of Great Zimbabwe Monument and the Baobab Tree, gold colour iridescent band showing the denomination of the note and see-through of the Zimbabwe Bird looking to the right.”

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The RBZ last year introduced $10, $20 and $50 notes

In a statement, the RBZ said the Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on April 1, 2022 to consider developments in the domestic and international macroeconomic environment as well as the impact of global geopolitical factors on the economy.

The RBZ said: “While noting the decline in month-on-month inflation, from 6.99% in February 2022 to 6.31% in March 2022, the Committee was concerned with the escalation in annual inflation, from 66.11% to 72.70%, over the same period.

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“The committee particularly noted that global inflation was on the increase as a consequence of the on-going Russia-Ukraine conflict which had secondary pass through effects on domestic and international prices.

“Rising prices of oil, gas, fertilizers and other related products had the effect of increasing global inflation and inevitably had a negative impact on domestic costs of production and was destabilising the foreign exchange market.

“In this regard, the committee reiterated the need for the bank to remain focused on inflation reduction and putting in place additional policy measures in response to the resurging inflationary pressures and foreign exchange parallel market activities.”

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The RBZ said the committee resolved to review upwards the bank policy rate from 60 percent to 80 percent per annum; review upwards the medium-term bank accommodation facility Interest Rate from 40 percent to 50 percent per annum; review upwards the minimum deposit rates for Zimbabwe savings and time deposits from 10 percent and 20 percent per annum to 12.5 percent and 25 percent, respectively.

The committee also recommended the tightening of the monetary policy by reducing the quarterly reserve money growth target from 7.5 percent to five percent for the quarter ending June 2022; liberalising the foreign exchange market by allowing banks to conduct foreign exchange transactions of up US$1,000 under an arrangement agreed upon between banks and the RBZ and in terms of which individuals with free funds and entities/corporates holding foreign exchange in their foreign currency accounts (after meeting the statutory surrender requirements) shall be free to sell foreign currency to banks on a willing-buyer-willing-seller basis; and ensuring that commercial imports are processed through normal banking channels in line with international best practice. –  VOA

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Zimbabwe moves to establish tough drug control agency amid rising substance abuse crisis

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BY NOKUTHABA DLAMINI

As Zimbabwe battles a surge in drug and substance abuse, the government has tabled a new Bill in Parliament seeking to establish a powerful agency to coordinate enforcement, rehabilitation, and prevention programmes across the country.

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The National Drug and Substance Abuse Control and Enforcement Agency Bill (H.B. 12, 2025) proposes the creation of a dedicated agency mandated to combat the supply and demand of illicit drugs, provide rehabilitation services, and strengthen coordination between law enforcement and social service institutions.

According to the explanatory memorandum of the Bill, the agency will operate under two main divisions — a Social Services Intervention Division to focus on prevention, treatment and community rehabilitation, and an Enforcement Division to target supply chains, trafficking networks, and related financial crimes.

The legislation describes drug abuse as “a grave internal national security threat” and “a public health crisis” that fuels organised crime, corruption and violence. It notes that drug profits have enabled criminal cartels to “purchase the instrumentalities of crime, including weapons,” and to corrupt both civilian and non-civilian public officials.

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Under the new framework, the agency will have powers to:

  • Investigate and arrest individuals involved in drug trafficking and production;
  • Work jointly with the Zimbabwe Republic Police, Zimbabwe Revenue Authority, and Medicines Control Authority of Zimbabwe;
  • Establish checkpoints at ports of entry and exit to intercept harmful substances; and
  • Expand the legal definition of “harmful drugs” to include emerging synthetic substances, in consultation with the Medicines Control Authority of Zimbabwe.

The Social Services Division will lead prevention campaigns, develop demand-reduction programmes, and facilitate the creation of rehabilitation and detoxification centres nationwide. It will also introduce a monitoring system requiring schools, employers, and local authorities to adopt anti-drug awareness and intervention programmes within 90 days of the Act’s commencement.

Each province and district will host offices of the agency to decentralise services and ensure community-level engagement, while traditional leaders will help devise local prevention strategies.

The Bill further empowers the agency to employ prosecutors from the National Prosecuting Authority to handle drug-related cases, signalling a shift toward specialised prosecution of narcotics offences. It also introduces a new, stricter “standard scale of fines” and penalties for drug crimes — higher than those prescribed under existing criminal laws.

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In a major development, the proposed law integrates the agency into Zimbabwe’s Money Laundering and Proceeds of Crime Act, allowing it to pursue unexplained wealth orders and seize assets linked to drug cartels.

The Bill stresses rehabilitation and social reintegration as key pillars. It obliges the agency to support affected individuals through psychosocial counselling, vocational training, and community wellness programmes aimed at helping addicts rebuild their lives.

If passed, the National Drug and Substance Abuse Control and Enforcement Agency will replace fragmented anti-drug efforts currently scattered across ministries and law enforcement agencies, creating a central authority to drive national strategy and coordination.

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Parliament is expected to debate the Bill in the coming weeks amid growing concern over youth addiction to crystal meth, cough syrups, and other illicit substances that have taken root in both urban and rural communities.

 

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Hwange unit 8 breaks down, deepening Zimbabwe’s power supply challenges

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BY WANDILE TSHUMA 

ZESA Holdings has announced that Hwange Unit 8 has been taken off the national grid following a technical fault, a development expected to worsen Zimbabwe’s persistent electricity shortages.

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In a statement released on Monday, the power utility said the unit would be out of service for ten days while restoration work is carried out.

“Hwange Unit 8 has been taken off the grid due to a technical fault. The unit will be out of service for 10 days while restoration work is carried out,” ZESA said.

The company said Hwange Unit 7 remains operational, generating 335 megawatts (MW) to support system stability, while power generation at Kariba South Power Station has been ramped up with “careful management of water allocations” to compensate for the temporary shortfall.

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ZESA apologized for the inconvenience and appealed for public understanding as engineers work to restore the unit.

Zimbabwe has faced recurring electricity supply challenges over the past two decades, driven by ageing infrastructure, limited generation capacity, and low water levels at Kariba Dam. While the commissioning of Hwange Units 7 and 8 in 2023 brought some relief, frequent breakdowns have continued to disrupt supply, forcing industries and households to endure prolonged load-shedding.

The latest fault at Hwange comes at a time when power demand is surging across the country, particularly during the hot season when air conditioning and irrigation systems increase pressure on the grid.

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Energy experts say the outage highlights the need for greater investment in maintenance, renewable energy, and grid modernization to stabilize Zimbabwe’s power supply in the long term.

 

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Tsholotsho to host national commemoration of International Day for Disaster Risk Reduction

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BY NOKUTHABA DLAMINI

Zimbabwe will on Thursday, this week,  join the rest of the world in commemorating the International Day for Disaster Risk Reduction (IDDR), with national events set to take place at Tshino Primary School in Ward 5, Tsholotsho District, along the Tsholotsho–Sipepa road.

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The global day, observed annually, aims to promote a culture of disaster risk awareness and highlight efforts to reduce vulnerability and build resilience in communities.

Speaking to VicFallsLive, Civil Protection Unit Director Nathan Nkomo said this year’s commemoration holds special significance for Tsholotsho, a district that has long struggled with recurrent flooding.

“The whole issue is to reduce, not to increase the occurrence of disasters. And by commemorating, that’s where we share ideas with other people,” Nkomo said.

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He noted that Tsholotsho’s selection as the national host was deliberate, following the successful relocation of families who were affected by flooding at the confluence of the Gwai and Shashani rivers.

“It’s not by accident that we are commemorating in Tsholotsho. We have built 305 houses for people who were affected in the Spepa area, and we will be celebrating in style because we have managed to relocate them,” he said.

“Now we no longer hear of people being flooded in Tsholotsho because of that relocation. So, we will be celebrating in style for Tshini and Sawudweni.”

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The relocations, carried out under government’s disaster recovery and housing programs, have been hailed as a success story in proactive disaster risk management.

Looking ahead to the cyclone season, Nkomo said funding remains the major challenge in preparedness and response.

“We cannot preempt to say there are challenges yet, but historically, since we’ve dealt with COVID-19 and Cyclone Idai, the issue of funds has always been critical,” he said.

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“This year, we are dealing with cyclones at a time when even our development partners have dwindling resources. So, funding will take centre stage in our deliberations, to see how best we can respond with the little we have. The whole idea, when you go to war, is not the question of numbers, but of strategy and how to win.”

The International Day for Disaster Risk Reduction is observed globally every October 13, but Zimbabwe’s national commemorations are being held later this year to align with local preparedness programs and community-based activities.

 

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