Zimbabwe Hyperinflates Again, Entering the Record Book

Zimbabwe Hyperinflates Again, Entering the Record Books For A Second Time In Less Than A Decade
Steve HankeContributoriPolicy



WILFRED KAJESE/AFP/Getty Images

In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. Zimbabwe’s annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^21) percent. Well, Zimbabwe is experiencing hyperinflation again today. Zimbabwe’s annual inflation rate is currently at 348%. Zimbabwe has officially experienced the 58th verified episode of hyperinflation on record. This episode has been added to the Hanke-Krus World Hyperinflation Table, which first appeared in the authoritative Routledge Handbook of Major Events in Economic History (2013).

Why Zimbabwe’s first elections after the Mugabe ouster are so significant

Why Zimbabwe’s first elections after the Mugabe ouster are so significant
Gift Mwonzora

Supporters attend a Movement For Democratic Change-Alliance campaign rally in Harare. Aaron Ufumeli/EPA

The July 30 general election in Zimbabwe is significant because it marks the end to a campaign season which for the first time in decades has been without the influence of ousted president, Robert Mugabe. Unless the election fails to produce an outright winner with a 50+1 majority as stipulated by law, Zimbabweans will soon know who their next leader will be. The new president will serve a five year term.

Zimbabwe: RBZ Reschedules Debt Clearance

Zimbabwe: RBZ Reschedules Debt Clearance
By Melody Chikono

The Reserve Bank of Zimbabwe (RBZ) has taken a position to delay the settlement of its debts to three international financial institutions (IFIs) until it meets conditions that will enable Harare to access cheap concessional funding.

RBZ deputy governor Jesimen Chipika told delegates attending the 46th Institute of Bankers Zimbabwe (IoBZ) summer school in Nyanga on Tuesday that the country will achieve nothing by rushing to pay off debts when it has not met the debt engagement conditions.

Zimbabwe Inflates... Again

Zimbabwe Inflates... Again
Steve Hanke , CONTRIBUTORI cover economics and finance. Opinions expressed by Forbes Contributors are their own.



WILFRED KAJESE/AFP/Getty Images

In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion

New documents claim to prove Mugabe ordered Gukurahundi killings

New documents claim to prove Mugabe ordered Gukurahundi killings
Recently released historical papers implicate Zimbabwean president in orchestrating the 1980s killings for political gain. Stuart Doran reports

New documents allege that then Prime Minster Robert Mugabe orchestrated the mass killings in an effort to maintain a one-party state. Photograph: Desmond Kwande/AFP/Getty Images
Stuart Doran for the Daily Maverick, part of the Africa network

The Matabeleland Massacre and Contemporary Zimbabwe

The Matabeleland Massacre and Contemporary Zimbabwe
by John Campbell

Zimbabwe Air Force commander Air Marshall Pherence Shiri (R) talks with Army Commander Constantine Chiwenga and Commander of the Zimbabwe Defence Forces Vitalis Zvinavashe (L) at the funeral of the late Defence Minister Moven Mahachi May 29, 2001. Mahachi, who was killed in a motor accident 26 May was buried at the national shrine Heroes Acre. ( Reuters/Howard Burditt)

Why opposition parties in southern Africa struggle to win power

Αrt2806 Τριτη 21 Φεβρουαρίου 2017
Why opposition parties in southern Africa struggle to win powerFebruary 20, 2017 8.24pm GMT
Rorisang Lekalake

Julius Malema and his fellow opposition EFF MPs being bundled out of parliament for disrupting President Jacob Zuma’s speech. Sumaya Hisham/Reuters

Over the last three decades there’s been some progress towards institutionalising multiparty