Africa Zimbabwe Zimbabwe will reintroduce a local currency to restore economic stability; since 2009 the use of foreign currencies has been authorized and promoted, resulting in a de facto multi-currency system
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