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Zimbabwe to introduce gold coins as local currency tumbles

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BY NYASHA CHINGONO

Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.

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The central bank governor John Mangudya said in a statement on Monday that the coins will be available for sale from July 25 in local currency, United States dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost of production.

The “Mosi-oa-tunya” coin, named after Victoria falls, can be converted into cash and be traded locally and internationally, the central bank said.

The gold coin will contain one troy ounce of gold and will be sold by Fidelity Gold Refinery, Aurex and local banks, it added.

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Gold coins are used by investors internationally to hedge against inflation and wars.

Last week, Zimbabwe more than doubled its policy rate to 200 percent from 80 percent and outlined plans to make the US dollar legal tender for the next five years to boost confidence.

Soaring inflation in the southern African country has been piling pressure on a population already struggling with shortages and stirring memories of economic chaos years ago under veteran leader Robert Mugabe’s near four-decade rule.

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Annual inflation, which hit almost 192 percent in June, cast a shadow over President Emmerson Mnangagwa’s bid to revitalise the economy.

Zimbabwe abandoned its inflation-ravaged dollar in 2009, opting instead to use foreign currencies, mostly the US dollar.

The government reintroduced the local currency in 2019, but it has rapidly lost value again. – Reuters

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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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