The Zimbabwean government has outlawed the use of all foreign currencies in local transactions. This includes the United States dollar, British pound, South African rand and Botswana pula. The Zimbabwe dollar will now be the sole legal tender in the country.
The Reserve Bank of Zimbabwe announced the re-introduction of the Zimbabwean Dollar replacing the multiple currency system in use since 2009 when hyper-inflation forced the country to abandon the local currency. The reintroduction has been largely met with cynicism. What do you think about the return of the Zim Dollar?
Kofo Akinkugbe is the founder and CEO of SecureID Nigeria Ltd, a market leader in smart card technology and digital security. The company is a world-class manufacturing facility with the only smart card production plant in West Africa and is one of only six on the continent.
The Ugandan social enterprise Smart Havens Africa is helping vulnerable communities acquire homes affordably and sustainably. In this way, founder Anne Rweyora, one of the engineers short-listed for the fifth Africa Prize for Engineering Innovation, hopes to bring down housing poverty.
South Africa: Minister of Arts and Culture Nathi Mthethwa says heritage site will turn tiny Hankey into “another Gauteng”
Rwanda, Kenya and Burundi have been pioneers as the only members of the East African Community to ban the production, importation, sale and use of all single-use plastic bags. Now Tanzania has made a formal commitment to phase out single-use non-biodegradable plastics.
Ethiopia’s teff plant is gluten-free and demand is growing. The country needs to upgrade its harvesting to reap the rewards.
Buhari’s handling of the economy has been somewhere between poor and appalling. But the same could be said of past administrations.
Emmerson Mnangagwa’s administration is struggling to overcome the national economic destruction wreaked on Zimbabwe over two decades under Robert Mugabe.