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Zimbabwe goes for the gold — the Mosi-ao- Tunya coin, that is — to fight high inflation

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BY LESLEY WROUGHTON

 With inflation soaring in Zimbabwe and the country’s currency in free-fall as people abandon it for the United States dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy: gold coins.

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Starting Monday, Zimbabwe is selling one-ounce, 22-carat gold coins bearing an image of Victoria Falls, its world-famous natural wonder.

Each has a serial number, comes with a certificate and will be sold at a price “based on the prevailing international price of gold and the cost of production,” the central bank said in its announcement on July 4.

The coins will be tradable both in Zimbabwe and overseas, the bank said, and can be exchanged for cash.

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The goal is to reduce the quantity of Zimbabwe dollars in circulation to eventually restore its value.

What’s unknown is whether the approach has any real chance of success.

While gold is traditionally the ideal hedge against inflation and general economic uncertainty, no country has previously tried to tackle a weakening currency by selling gold coins.

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“In that sense, it is unusual,” said Carlos Caceres, the International Monetary Fund’s representative to Zimbabwe.

And with gold trading at US$1,710 per troy ounce late last week, institutional investors may be the coins’ principal buyers.

“No ordinary person will be able to afford it,” said Prosper Chitambara, a senior researcher at the Labour and Economic Development Research Institute of Zimbabwe.

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 “Right now, Zimbabweans are living hand-to-mouth.

 

Economic crises are nothing new to people in the southern African nation, who for more than two decades have faced hyperinflation, food and fuel shortages, staggering unemployment and other hardships.

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For many, the current crisis recalls the late 2000s under then-president Robert Mugabe. Annual inflation hit a record 489 billion percent in September 2008, and shoppers carried garbage bags full of bank notes to buy groceries.

Mugabe’s government was forced to print a trillion-dollar note, the largest in world history, before the country abandoned its currency in 2015 for the US dollar.

Mugabe was forced to resign in 2017, and the Zimabwe  dollar, as it is known, was reintroduced two years later. But as confidence in it again falls, Finance minister Mthuli Ncube has warned that businesses refusing to accept the currency from customers could lose their trading licenses.

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This year the Zimbabwe  dollar has already lost roughly 72 percent of its value against the US dollar.

Annual inflation reached triple digits in May, climbing again in June to 192 percent even as interest rates more than doubled — to 200 percent from 80 percent.

Chitambara said the government wants sales of the gold coins to moderate high demand for US  dollars, a key factor in the local currency’s depreciation.

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If that happens, in turn reducing some of the excess money supply and easing inflationary pressures, “then it would’ve been a positive experiment,” according to Caceres.

Still, Caceres said, the IMF prefers tried-and-tested tools as it advises member countries on best economic policies.

When confronting both inflation and a weakening currency, such tools include raising or cutting interest rates to control inflation and tweaking the amount of money that banks must set aside as reserves.

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Most of Zimbabwe’s inflationary pressures emanate from its currency troubles.

But rising prices are also being fueled by Russia’s invasion of Ukraine, which has sparked a global wave of inflation amid supply shortages of grains and fuel.

On the streets of the capital city of Harare, there isn’t much chatter about the new coin — the Mosi-ao-tunya, the traditional name for the Zambezi River waterfall. It translates to “the smoke that thunders.”

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Vendor Trust Muyererwa is focused on his increasingly difficult day-to-day life.

“In January, I would pay $10 U.S. to buy a pack of mealie meal, cooking oil, sugar, and salt and this would push me through the month,” said Muyererwa, 28.

 “Now, a bottle of cooking oil costs $5 U.S., and I cannot buy much more” with the remainder.

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Many people survive via a parallel, illegal market, with currency traders waiting on street corners and outside shopping centers waving bundles of US  dollars as well as Zimbabwe dollars.

Teachers and nurses went on strike in June and demanded that half their salaries be paid in US dollars to offset the tumbling local currency.

Retailers often are raising prices every other day, and more of them are starting to quote prices in US dollars.

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The Zimbabwe central bank last month offered bakers access to foreign currency to keep down the price of bread.

Hilda Musungu (33) has started charging US dollars for the traditional meals she sells from her sidewalk stand because “no wants the Zimbabwean dollar anymore.”

“Last December, $200 US was enough for me to buy food packs to sell the whole day,” she explained.

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“The cost has climbed to $270 U.S., and she has increased her own prices in turn.

“Sadly, fewer people are now coming to our place.” – The Washington Post

*Bernard Mpofu in Harare contributed to this report.

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Zimbabwe’s climate crisis: Girls forced into young marriage and boys into illegal mining

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BY METRO

Metro’s foreign correspondent Gergana Krasteva reports from Zimbabwe

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The last time I see Madeline Mgwabi, she is peering through the gates of her crumbling home in western Zimbabwe.

The grandmother-of-three is clutching a single orange that our driver had slipped to her – leftover from the hotel breakfast.

The fruit will have to be split four ways – between her and her grandsons – one of them still a toddler – all of whom she is raising on her own in this godforsaken area in the southern part of Matabeleland North province.

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Beside her, on a wooden bench, is her eldest grandson, still dressed in his purple and blue school uniform, steadily scooping gooey porridge from a plastic container.

To put food on the table, Madeline fetches firewood and does odd jobs for neighbours in the village of Libeni, in Umguza District, but it is not enough.

Worst drought in century devastates Zimbabwe

Before droughts robbed the region of water, the grandmother used to farm maize and other Zimbabwean staple crops in her now barren garden.

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Gesturing at the dried-up shrubs, she tells Metro: ‘I have lived here for 25 years and each year, the droughts hit us worse and worse.

‘Because of the climate, we often do not harvest anything.’

Her face is hollowed by the years of loss, and her palms are calloused by the decade of grinding in Zimbabwe’s artisanal mines.

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What Madeline fears is that her grandsons will eventually have to abandon education in favour of mining to earn a living.

The family’s financial struggle resembles the one of millions of people who have been burdened by the decades of macroeconomic instability, political isolation and now, climate change in Zimbabwe.

Driving through Matabeleland North – where agriculture used to be one of the key economic sectors – Metro witnesses the scars of the climate warming cycle, El Niño, firsthand.

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Here, the earth appears to have forgotten what rainfeels like, despite the determination of Zimbabweans to revive what has been lost.

Alongside the road, cattle search for anything to eat – grass, shrubs, any bit of greenery left in a land that has surrendered.

The SUV rumbles past what the driver tells me was, until 2023, the mighty Shangani River that used to nourish the region; now, it is nothing more than a cracked bed of mud and rocks.

Last year, the Zimbabwean president Emmerson Mnangagwa declared a national disaster to tackle the prolonged drought crisis.

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Lesotho, Malawi, Namibia and Zambia did so too. Other African nations were also severely affected.

As most households depend on agriculture for food, seven million people in Zimbabwe faced big shortages during the 2024-2025 season, despite improved crops this year.

Boys drop out of school to work in mines

Children have been the most impacted by the droughts – with some opting to drop out of school because their parents cannot provide them with food.

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A fifth of all Zimbabwean children aged less than five suffer from chronic malnutrition, with merely 10% of babies aged six to 23 months receiving an adequate minimum diet, according to recent figures.

Hunger is only one part of a vicious cycle that children are trapped in. With households collapsing under the weight of poverty, boys as young as nine leave school to risk their lives in unregulated mines – and girls are married off to provide their parents a brief financial relief.

Girls forced into early marriages for dowry

In Zimbabwe, one girl out of three is already married before turning 18, and more than one out of five has given birth.

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Scores of underage brides fall victim to domestic violence and face grave health risks, from early childbearing to HIV.

Although underage marriage is illegal in Zimbabwe and local organisations have been fighting against it, families driven by poverty resort to it.

Lungisani Nyathi knows all too well the dangers his four children face; yet with no steady work and no wages coming in, he feels powerless to shield them.

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Gesturing at a makeshift shack, clumsily constructed out of wood and blue tarpaulin, that is his new home, he tells Metro that his wife gave birth just 10 months ago to their baby girl.

‘As a father, I am supposed to provide for my children,’ he shares his fears.

‘If I fail to provide for my daughter when she grows up, I worry that she will have to marry someone very young.

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‘It is common for girls to be tied into early marriages due to the financial situation of their families.

One day, our baby girl will have to face the same situation. Young girls are so desperate, they go to bars themselves to search for money.’

Lungisani, who volunteers as a security guard for a borehole that supplies water in Village 5, in Bubi District, wishes to relocate his wife and children to another area so that his boys are not tempted to work in the gold mines nearby.

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Wherever schools are located near mining fields, boys are sometimes lured into the pit, under the promise of some money.

After working in a gold mine for six months last year, Lungisani knows all too well that this is not the life for a child.

Describing the conditions as ‘very harsh, because workers are not given any protective clothing,’ he adds: ‘Even the dust was choking us.’

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Children in mines is a ‘ticking time bomb’

Khumalo Fanta, deputy headteacher at the Amazwimabili Primary School, shares similar fears for her pupils and says that every year, a few children drop out to work in the mines or to be married off.

She tells Metro that boys, not even in their teens, who work as miners, are swiftly swept into a world of alcohol abuse, without parental supervision.

With what little money they make, they often entice young girls with false promises of a better life – pulling them both into the same cycle of poverty they were trying to escape, before their lives have even started.

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Khumalo says: ‘A lot of boys would leave school and go work at the mines. It exposes them to elicit behaviour… There is always alcohol near the mines because it sells fast to adolescents.

‘There is no control as parents are simply grateful that money is coming home, but it is dangerous.

‘It is a ticking time bomb. When they come back, they flash their money… and the girls are attracted.

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‘Then they are lost in their behaviour because those boys just get drunk, shouting, they do all sorts of things.’

If children go to school at all, the absence of support systems means that they walk several miles on empty stomachs every morning.

Three million children fed every day

Mary’s Meals, a Scottish-based charity, is working to break that cycle by providing daily school meals for children in early education.

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The concept is simple. Mary’s Meals provides food for school, but it is the parents – often the mothers of the pupils – who prepare it and serve it up in between classes.

The promise of a warm bowl of porridge a day has become a lifeline, and sometimes the only meal a child will be guaranteed.

Madeline’s eldest grandson, for example, is one of the pupils part of the programme.

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She says: ‘There is nothing more important for my grandsons than going to school and having an education. So having porridge at school is so helpful as it reduces the workload for me.’

Dromoland Primary, the Bubi District of Matabeleland North, is one of the schools with which Mary’s Meals has been working with.

Simeleni Mguni, the headmaster since 2020, told Metro that at the end of last year, there were 255 pupils – but this year there are 279 because of the feeding programme.

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‘We enroll new learners every week,’ she says beaming with pride, her smile stretching across her round face.

Before the programme was introduced at the beginning of the school term in 2022, four boys and four girls dropped out because their parents could not feed them.

Simeleni says, regretfully: ‘I know some of the left because they needed to find jobs. Almost all the boys – aged between 12 and 14 – went to search for work in the illegal mines.

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‘For awhile, they moved from one gold mine to another, in the nearby area. It is not easy work. If they would find any gold they have to sell it for really meagre amounts of money [as it is not from a registered pit].

‘Two years later, they are now back in school because of Mary’s Meals, and passed their exams recently.’

The four girls – aged between 13 and 14 – are also back in the classroom.

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Simeleni said they had left because they did not have period products and were ’embarrassed’ to come to school.

By easing hunger, Mary’s Meals reduces the number of children who might otherwise drop out to work or marry, or just stay at home.

Mary’s Meals has been operating in Zimbabwe since 2018, with the help of a grassroots-based NGO, ORAP.

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Working in some of the poorest countries across Africa, Asia, the Middle East, Latin America and the Caribbean, the charity has today announced the grim milestone that it is feeding three million children every day.

Metro travelled to Zimbabwe with the help of Mary’s Meals, a Scottish-based charity feeding children in the country.

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Zimbabwe’s drug crisis: Experts call for reform over punishment

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BY NOKUTHABA DLAMINI 

On Sunday, an enlightening X Space meeting delved into the escalating drug crisis in Zimbabwe, featuring critical insights from speakers African Queen and Syllogism. Their discussions shed light on the systemic challenges that continue to exacerbate drug abuse and trafficking in the country.

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African Queen characterized the need for “willpower in the political system” as fundamental to successfully addressing the crisis. Drawing parallels with success stories from other nations, she stated, “Consider South Africa, which has successfully sent numerous professionals to Cuba for training. If Zimbabwe’s leadership genuinely wants to see its nation thrive, they must invest similarly in addressing the root causes of drug abuse. We cannot simply implement punitive measures; we need to create a narrative that builds awareness and educates our people.”

Critically, she expressed her discontent with government responses that focus on punishment rather than support. “What I do not like personally is a punitive government,” she explained. “When faced with societal issues, the first instinct seems to be to penalize the very citizens who are struggling to survive amid these problems. We want a government that engages with the public constructively rather than punishing them for attempting to escape their hardships.”

Highlighting a specific incident in Bulawayo, she referred to a recent proposal from the city council advocating punitive measures for littering, noting that it falls short of the necessary educational initiatives. “They want to impose fines, suggesting that citizens should inherently know better, but there’s been no concerted effort to educate them on why keeping our cities clean is crucial. Education should come before punishment to foster informed decision-making among the public.”

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Syllogism echoed these sentiments while exploring the systemic challenges faced by law enforcement in dealing with drug-related issues in Zimbabwe. “It’s interesting to observe discussions around illegal drugs, especially given the recent escalations we’ve seen in Harare, where there’s been a significant police presence on major roads,” he remarked. “However, the critical question remains: Are these enforcement officers truly equipped to detect drugs effectively?”

He elaborated, noting, “Zimbabwe’s laws and rehabilitation systems have been heavily modeled after those in the UK, establishing a structural framework for enforcement. Yet, the real issue resides in the execution of these laws. Our police face resource challenges—a lack of sniffer dogs, insufficient training, and low morale driven by low pay—that undermine their ability to combat drug trafficking effectively. This systemic weakness allows those with financial power to evade justice while the less fortunate bear the brunt of legal repercussions.”

Syllogism continued, emphasizing, “The current approach is detrimental; it allows big suppliers to bribe their way out of trouble, leaving the poor to face harsh consequences for minor infractions. To truly address the problem, we must rethink how we motivate our law enforcers and tackle the corruption that permeates the system. Without proper incentives, our highly functioning laws, police, courts, and prisons will remain ineffective.”

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Both speakers highlighted the alarming trend of drug abuse in Zimbabwe, noting that approximately 80% of the population acknowledges the issue as a serious concern. This crisis disproportionately affects the youth, making education and preventive programs vital to stemming the tide of addiction.

The police have recently ramped up efforts to combat drug abuse, with significant seizures reported. In one operation, law enforcement intercepted vehicles carrying over 60 kilograms of illegal substances, alongside multiple arrests, including a group of foreign Chinese nationals allegedly involved in drug trafficking offenses in Harare.

 

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Conservation amid crisis: How VFWT adapted to 2024 drought

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BY NOKUTHABA DLAMINI 

The Victoria Falls Wildlife Trust (VFWT) has released its 2024 Impact Report, detailing a year marked by unprecedented challenges due to severe drought conditions across Zimbabwe and much of Southern Africa. The report highlights the organization’s strategic adaptations to support local wildlife and communities during one of the most difficult drought years on record.

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Unlike previous droughts where water scarcity was the primary concern, this year underscored a more complex reality. VFWT Chairperson Bruno De Leo emphasized that the lack of grazing for both wildlife and livestock emerged as an even greater threat. Animals had to venture farther for food, increasing the potential for human-wildlife conflict and competition for dwindling resources. De Leo noted, “The year 2024 underscored the importance of connectivity for wildlife and the need to maintain corridors that allow movement and relieve pressure on natural resources.”

In response to these challenges, VFWT implemented several proactive measures. Collaborating with the rural communities involved in its Herding 4 Hope project, VFWT facilitated early livestock sales to minimize losses and planned for dry-season grazing in more distant areas to conserve energy among livestock. The organization also focused on regenerating boreholes to ensure that villages without adequate water had access to crucial resources.

Notably, VFWT’s Wildlife Disease & Forensics Laboratory made significant strides, establishing itself as a key player in wildlife forensics. In 2024, the laboratory handled over 280 cases and engaged in crucial research on transboundary animal diseases affecting regional wildlife. The lab successfully validated targeted sequencing for species identification using new technologies, reinforcing its capabilities in addressing wildlife crime. Remarkably, the lab played an integral role in international ivory seizure investigations and developed a genetic panel for black rhinos, demonstrating a strong commitment to combatting poaching and ensuring species protection.

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A particularly significant initiative was the launch of a tuberculosis surveillance project for lions within Hwange National Park. Following confirmed deaths from the disease, this project seeks to assess its prevalence among the lion population and understand transmission dynamics. With nine lions set to be sampled in late 2025, the data gathered will contribute to vital conservation knowledge.

The report emphasizes the importance of continued support from donors and stakeholders, enabling VFWT to maintain healthy animal populations and develop sustainable solutions for the future of biodiversity in the region. In a challenging year, the dedication and adaptability of the VFWT team stood out, reinforcing its commitment to conservation and community engagement.

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