RESERVE Bank Governor, Gideon Gono’s repeated call to replace the US dollar with the Chinese Yuan alongside the Zimbabwe dollar is either superbly feckless, crafty deception or economic emotionalism. There is no denying that the ‘Look East Policy’ is bearing … Read more
Economics
LATEST POSTS
European economic crisis: Is it time to head home?
AN EMERGING trend within the diaspora community in the UK points towards a gradual increase in the number of people who have, or are considering returning to Zimbabwe or emigrating to other countries as a result of the global economic … Read more
Africa’s battles with capital flight and unjust debt
THE global financial turmoil has dominated the international agenda for a couple of years now and there is hardly a clear way out of the crisis. The fact that most developed economies especially in Europe are experiencing these financial meltdowns … Read more
Zimbabwe: expectations, anticipation and reality
AFTER being in the diaspora for seven years and following Zimbabwe’s progress, or lack of, through media reports, it has been a great challenge to reconcile my expectations with reality. Being away for so long results in a natural loss … Read more
Zimbabwe: a nation of dealers
FINANCE Minister Tendai Laxton Biti [who coincidentally was my roommate at the University of Zimbabwe] recently presented his mid-term budget review. The gist of that presentation to an expectant nation, besides revealing little on where the diamond ‘moola’ was going, … Read more
Zim dollar cannot wait for elections
THE debate about the proposed gold-backed Zimbabwe dollar has turned out to be a very interesting battle of ideas. My old university motto taught us its always wise to “think in other terms”. After a decade of economic decline, Zimbabwe … Read more
Time to break Europe’s strangehold on IMF top job
IT WAS not even possible to imagine, at the start of last week, that events in a luxury suite in a New York hotel would have profound ramifications on the politics of global finance and regulation. Yet the arrest of … Read more
Indigenisation: the Last Chimurenga
NOW that the dodgy politics of the GPA government have become part of the ignominy of history thanks to the treachery of the MDC formations, an unmistakably new and arguably the last revolution is sweeping across the country. Zimbabweans are … Read more
Curious case of Mujuru and the Chinese yuan
AS FAR as economic ideas go, Vice President Joice Mujuru’s contemplative bright spark regarding adopting the Chinese Yuan as Zimbabwe’s currency is the most unorthodox. With due respect to Mujuru, as economists we can only assume the statement was perhaps … Read more
