“There is nothing to stop Zimbabwe printing money with this new currency,” said Jee-A van der Linde, an analyst at South Africa-based NKC African Economics. “The government has basically kicked the can down the road in recent years by trying to stimulate the economy through excessive spending.” Read more.
“The EU has provided significant support to Zimbabwe since independence and will continue to do so as we develop our political, economic and trade relations.
“The EU stands ready to assist and accompany Zimbabwe as the country moves forward to implement much needed political and economic reforms.”
President Emmerson Mnangagwa has indicated his willingness to pursue reforms as part of his pledge to re-engage the international community of nations after almost-two decades as a pariah under former President Robert Mugabe’s isolationist policies.
The U.S. government will not lift sanctions against Zimbabwe until the new government of President Emmerson Mnangagwa demonstrates it is “changing its ways,” a senior U.S. economic official told a congressional panel on Thursday. “Our pressure on Zimbabwe remains in place. We are trying to use this pressure to leverage political and economic reforms, human rights observations,” Manisha Singh, the U.S. Assistant Secretary of State for Economic and Business Affairs said.
Zimbabwe former first lady Grace Mugabe: “I can tell you that we are safe under the leadership of President Emmerson Mnangagwa. Yes, what happened is past, let us move on. Don’t be left behind when others are moving on. I hope those who are attacking the current leadership are hearing me.”
Political analyst Mr Tafadzwa Mugwadi said the new team had the capacity to take Zimbabwe to the Promised Land.
“The salient feature of this Cabinet is that it is an intergenerational mix where the majority are young and technocratic brains that have been blended with experienced and competent seniors,” he said.