Africa Zimbabwe A digital token backed by gold has been introduced as legal tender by the Reserve Bank of Zimbabwe with the aim of helping to stabilise the Zimbabwe dollar and protect citizens from currency fluctuations
Africa Zimbabwe Mazowe district in Mashonaland Central province is struggling with a severe and prolonged drought due to El Nino that threatens the country's corn supply and impacts the business of its millers
Africa Zimbabwe In the most recent attempt to create a credible national currency, Zimbabwe has replaced its devaluated dollar with the ZiG, Zimbabwe Gold; the new unit is backed by bullion and foreign currency reserves held at the central bank
Africa Zimbabwe The country has declared a state of calamity over the devastating drought, with El Nino causing 80% of the country to receive below-normal rainfall; President Emmerson Mnangagwa said the nation needs $2 billion for humanitarian assistance
Africa Zimbabwe The country is experiencing a historic drought that has jeopardized most crops for the 2024 agricultural season, threatening millions of people with starvation; the World Food Program has said it may not be able to assist families