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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

Free dental outreach treats over 700 in Victoria Falls

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BY NOKUTHABA DLAMINI

More than 700 residents in Victoria Falls have received free dental care following a three-day outreach programme held at Mkhosana Clinic.

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The initiative, led by global charity SmileStar in partnership with CIMAS, saw 705 patients treated between 9 and 11 March. The programme builds on previous outreach efforts in the region and is expanding this year to include Matobo.

A team of 16 volunteer dental professionals—many from Dentex—provided urgent treatment, pain relief, and oral health education, while also sharing skills with local healthcare workers.

Team leader Dr Mitesh Badiani said tooth decay linked to high sugar consumption, particularly among children, was the most common issue encountered.

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“Many of these dental problems are preventable, and education plays a key role in helping to avoid such problems in the future,” he said.

The outreach received support from Africa Albida Tourism, with the team hosted at Victoria Falls Safari Lodge.

Africa Albida Tourism managing director Nigel Frost said the initiative would have lasting benefits for the community.

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“This initiative provides vital dental care and education that will continue to benefit the residents of Victoria Falls long after the clinics have ended,” he said.

Mark Cockburn added that the programme highlighted the impact of volunteerism in addressing healthcare gaps.

Following the Victoria Falls outreach, SmileStar continued its programme in Hwange, before moving to Matobo today and tomorrow at Ethandweni Children’s Home, with a target of treating more than 1 000 patients across the three regions.

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In the community

Kamativi mine to relocate 65 graves to pave way for operations

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BY STAFF REPORTER

Sixty-five human remains are set to be exhumed from the Kamativi Mining Company premises in Matabeleland North as the firm moves to clear a section of land earmarked for ongoing mining operations.

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The development follows a formal notice issued by Kamativi Mining Company in compliance with the Cemeteries Act, which governs the handling and relocation of human remains.

“Notice is hereby issued by Kamativi Mining Company in compliance with the Cemeteries Act, Chapter 5:04, regarding the relocation and reburial of 65 graves situated within the dry tailings operational area at Kamativi Mine, located in the Hwange District of Matabeleland North Province,” the notice read.

According to the company, the relocation is necessary to ensure that mining activities within the affected zone can proceed safely and sustainably.

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The graves are located within the mine’s dry tailings operational area, a key section linked to current and planned extraction processes.

While the notice outlines compliance with legal requirements, the move is likely to raise sensitivities among local communities, given the cultural and emotional significance attached to burial sites.

Kamativi Mining Company has urged stakeholders and individuals with concerns or inquiries to engage directly with the company for further clarification on the exhumation and reburial process.

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No timeline for the relocation has been publicly disclosed.

Additional reporting source: Byo24 News

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National

Flooding risk rises in Zimbabwe, Southern Africa as heavy rains forecast

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Flooding is expected to intensify across parts of Southern Africa, including Zimbabwe, as heavy rainfall continues to affect the region, according to the latest weather hazards update from the Famine Early Warning Systems Network (FEWS NET).

In its Global Weather Hazards Summary for March 12–18, FEWS NET said moderate to locally heavy rainfall has been observed across several countries in the region, raising concerns about flooding in vulnerable areas.

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The agency said the rainfall has affected western, central and eastern parts of Southern Africa, including Angola, Zambia, Malawi, central Mozambique, northern Madagascar, Botswana, Namibia, South Africa and Zimbabwe.

“During the past week, moderate to locally heavy rainfall was observed over northern, central and eastern Southern Africa,” FEWS NET said in the report.

The agency noted that flooding has already been recorded in some parts of the region, including Cunene Province in southern Angola and Rundu in northern Namibia, as rainfall continued across several countries.

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Over the past 30 days, cumulative rainfall has been above average across southeastern Angola, northeastern Botswana, central South Africa, Lesotho, central and southern Zimbabwe and parts of Malawi and Mozambique, increasing the likelihood of flooding in low-lying and flood-prone areas.

FEWS NET warned that the situation could worsen in the coming days.

“(This week) , heavy rainfall is predicted over northern and eastern Zambia, including central and northern Angola, central and eastern Zambia, Malawi, northern and eastern Zimbabwe, Mozambique, northeastern South Africa, Eswatini and northern Madagascar,” the report said.

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According to the outlook, the forecast rainfall raises the risk of flooding in many local areas across the region, particularly where soils are already saturated following weeks of above-average rainfall.

The weather monitoring agency also noted that hot conditions are likely in western Angola and southwestern Madagascar, even as other areas brace for continued heavy rains.

FEWS NET provides climate and food security early warning information to support humanitarian planning and disaster preparedness across vulnerable regions.

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