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Saturday, August 15, 2020

Forgotten European atrocities in Africa: Peek into abuses and man’s inhumanity to man

This story was done exactly two years ago, it generated quite a lot of feedbacks including a charge one from Shadrack Mandela which stated thus: 'less...

Bill Gates confident coronavirus vaccine will work in Africa, but Africans on Twitter not having it

Talks to have a potential vaccine for Covid-19 tested in Africa, because the number of infected people is not as high as other countries...

Africa’s low coronavirus rate puzzles health experts

Whether it's a matter of faulty detection, climatic factors or simple fluke, the remarkably low rate of coronavirus infection in African countries, with their...

Crime against Congo: Cases against King Leopold II and Belgium

The intriguing thing about the entrance of King Leopold II into Africa is that it was not with any force or coercion; rather, his...

Open letter to Mrs Seinye Lulu-Briggs: Release High Chief Olu Benson Lulu-Briggs body for burial

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History Special: Queen Amina, a warrior among men

In many climes in Africa, women have had to struggle to rise above the perking order of patriarchal expectations.They were highly accepted among men...

Zimbabwe to distribute new currency notes to curb shortages

Zimbabwe’s central bank is due to begin circulating new banknotes on Monday, which it says will help to ease a severe cash shortage as the country suffers a deepening economic crisis.

The bank has played down fears that the move will fuel inflation insisting that the two- and five- dollar notes will not increase overall money supply.

In June the central bank banned the use of the US dollar, introduced in 2009 to replace the inflation-hit local currency, citing the need to return to normality.

The government says the new notes will ease cash shortages that has seen most people unable to withdraw their savings.

The major fear is that a huge cash injection in the middle of an economic crisis will stoke inflation. A loaf of bread that cost a dollar in January now costs 15 Zimbabwe dollars.

Since the reintroduction of a local currency, inflation has soared to triple digits.

The Zimbabwean government has stopped publishing an official inflation figure; it is thought to be about 300%.

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