Sustainability lost

November 12, 2008 by Duwe · Comment
Filed under: Economy, How Zimbabwe can be better, Zimbabwean diaries 

The last few months have been a rollercoaster ride of emotions. Watching Obama win the US Presidential elections brought through such a powerful wave of emotions. Wonder and relief mixed with positive hope for change. There is shift happening in the world, and this feels part of this shift. But this is about America. I am Zimbabwean. Why has this affected me so much?

I feel the answer has to lie in his amazing journey. The man has won against such huge adversity. His message of change and hope for the future won out against the state machines. There was not an entirely fair or level playing field. Like many other countries, the government in power had the resources and the ability to put barriers in the way of the opposing party. Oh it was far less devastating and pervasive as it is in some countries, but it still existed. Read more

Zimbabwe Inflation at 10.2 Quadrillion Percent!

October 31, 2008 by Brian Gondo · Comment
Filed under: Business, Economy 

I found this article interesting:

Zimbabwe is the first country in the 21st century to hyperinflate. In February 2007, Zimbabwe’s inflation rate topped 50% per month, the minimum rate required to qualify as a hyperinflation (50% per month is equal to a 12,875% per year). Since then, inflation has soared.

The last official inflation data were released for July and are hopelessly outdated. The Reserve Bank of Zimbabwe has been even less forthcoming with money supply data: the most recent money supply figures are ancient history—January 2008. Read More Here

On their return

October 30, 2008 by rmupfudza · Comment
Filed under: Economy, Zimbabwean diaries 

“Pssst!”

I turned around with a start.

“Hallo.”

My heart sank. I had always known they would return. Everyone knew they would return. It was just a question of time. But none of us had expected them to return so, so, soon, with such speed and ferocity.

“You are back,” I said resignedly.

“We never left. We’ve always been here,” they said smugly.

1 August 2008 is not light years away. That day that heralded a new currency and the new transaction dispensation minus 10 zeroes. That week coins were all the rage. But we knew it wouldn’t last. Read more

Of individualistic indifference and collective hatred

October 12, 2008 by Solomon Kembo · 5 Comments
Filed under: Economy, Entrepreneurship, Politics 

As a young boy I was raised in a socialistic family in which values of sharing, interdependence and community contribution where empathized. I remember my good uncle bringing home books and articles on Lenin, Trotsky, Mikhail Gorbachev and the mighty Union Of Soviet Socialist Republic(USSR). USSR was the dream country for me.  Then I went to college and embraced the values of independent thinking and personal development and motivation enshrined in the capitalistic ideology of the western world.  My college buddies avoided any talk on Jack Welsh or GE  because that led to yours truly preaching to them why Jack Welch was the best thing to happen to the corporate world. Read more

My Zimbabwe

I have listened to a thousand critics about the Zimbabwean situation. People are busy pointing fingers, insulting and anything their troubled mind can think of. Almost everyone at one moment pointed a finger but has that ever changed the situation? No!!! Why? Only you and I know better.

In my own view, the economic situation has been a blessing in disguise. Despite the pain we went though as a nation, I strongly believe that we are a better paople. Let the sun in our situation rise and you will know exactly what I am talking about. Read more

531 billion percent inflation- we need new text books

October 7, 2008 by Patrick M · Comment
Filed under: Economy, Zimbabwean diaries 

I understand that the latest estimates put inflation in Zimbabwe at 531,000,000,000 %! That’s astounding even for me a Zimbo through and through. I laugh when I think of how so impossible it must be for people who have never been to Zim to understand how the bleep this is can exist in parallel with an economy that somehow still clunks along. Read more

Joy cometh in the Morgan

When I saw this photo of Morgan Tsvangirai visiting banks in Harare on Friday to assess the cash shortages I couldn’t help but smile at the sheer joy of the faces and body language captured. Zimbabweans are so pregnant with hope that perhaps this time, just perhaps this one time, the rock will move from the political entrance and let in the light of day.

“Joy cometh in the morning”
- Psalms 30:5

Original photo from NewZimbabwe.com
See the story here



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