Air Zimbabwe like many other parastatals has been in a downward spiral for the last few years. It has been plagued with all sorts of issues with the majority being of a financial nature. Its pilots are striking at the moment over unpaid wages and this is causing a lot of turmoil. In response to […]
Archive | Business & Economy
Africa Being Exploited For Its Riches
Last month a plane that crashed in Congo and on board were Australian mining executives from Sundance Resources. The purpose of their visit was to take a look at the expansion of their operations in West Africa. An entire board taking the time to travel to West Africa is sign that there is something there […]
Burning Money to Make Money
Zimbabwe’s economy might be in the doldrums but there are people there who are making a lot of money. Patrick M at Zimbablog wrote an article on ways of making money in Zimbabwe, “The 13 best ways to make money in Zimbabwe”. He outlines a few things that people have been doing to make themselves […]
Selling Zimbabwe Dollars Online Is Profitable
At the start of 2007 ZW$10,000 notes were selling for about US$50 on Ebay and a number of people took advantage and sold the notes for more they were worth. With the introduction of the $100 Billion Dollar note ($100,000,000,000), selling notes for more than they are worth is happening again. As of today, there […]
Zimbabwe’s Economy – Black Friday
US $1 is now worth ZW $2,000,000 on the black market. Inflation is said to be around 15,000% (independent analysts put it much higher). Is it all a result of Mugabe’s mismanagement and controversial policies? Mugabe recently said that Zimbabwe’s economy would not collapse. What marks the collapse of an economy? The economy has been […]
The Zimbabwe Dollar – 1,000,000 to 1
One US Dollar will get you One Million Zimbabwe Dollars. That is just ridiculous!! I checked the official bank rate about two to three weeks ago and it was ZW $30,000 to US$1. The official rate doesn’t really mean much for everyday people in Zimbabwe because you can’t get yourself any foreign currency at the […]