Lelety Mabasa

Zimbabwe Introduces Special Banknotes as Inflation Soars

by Lelety Mabasa
- Zimbabwe -


Always faithful in shocking the world, Zimbabwe has scored yet another first, and as usual, for all the wrong reasons.


Basket case: A fruit seller in Harare hunts for change.
It seems that the country is moving towards an economy of special cheques for each economic sector, with the Reserve Bank of Zimbabwe (RBZ) launching Agro Cheques last week, which are actually bank notes especially made for the agricultural sector. The new notes come in Z$5 billion, Z$25 billion and Z$50 billion denominations.

"The latest innovation seeks to bring convenience to our farmers who, starting this year's marketing season, are receiving competitive prices for their produce," said acting RBZ Governor Charity Dhliwayo last week.

The RBZ also launched a new Z$500 million bank note for the general public.

What baffled most people, however, was that bearers can use Agro Cheques to purchase goods in supermarkets, just like we do with ordinary notes.

"Either the people at the central bank are now confused or they were too embarrassed to say we are launching such high denominated notes for the public," speculates Noleen Moyo, an employee with a Zimbabwean bank. "To them, that would mean admitting failure in running the economy."

Mugabe's Opposition, the MDC, Refuses to Be Crushed

by Lelety Mabasa
- Zimbabwe -


There was chaos and pandemonium at Harare’s city center on January 23rd, as thousands of ordinary people came face-to-face with the wrath of the police’s riot squad, who were summoned by Zimbabwe’s aging President, Robert Mugabe. That day, about 40,000 people, including shoppers, workers on lunch break and those who were in bank queues joined together to form the largest procession ever seen in Harare. They were intent on peacefully expressing their disgruntlement over the country’s continued economic meltdown, now in its eighth year. Thirty-seven Movement for Democratic Change (MDC) supporters were injured in the skirmishes, 21 of them seriously, when the police tear gassed and beat them up as they headed towards Glamis Stadium where MDC’s president, Morgan Tsvangirai was due to address them.

Before dawn at 4:30am, plainclothes policemen from the Criminal Investigation Department (CID), Law and Order section had swooped down on Tsvangirai’s residence and arrested him. They also arrested two other MDC officials, Ian Makone, the party’s Secretary for Elections, and Dennis Murira, Director of Elections. The three were detained for more than four hours at Harare Central Police Station where they were quizzed about their party’s intention to “cause mayhem in the city.”

As the Power Supply in Zimbabwe Becomes Unreliable, Families, Industry and the Economy All Suffer

by Lelety Mabasa
Zimbabwe


Vongai stumbles into the house and fumbles as she pulls her room key from her bra. After she struggles with the lock for several minutes, the door finally creaks open. She slips into the room, trying to get accustomed to the darkness. She doesn’t bother with the switch - no need to.


Photograph by Paul Thomas
She makes straight for the far corner of the room which serves as the kitchen. She clatters about for nothing in particular before remembering that there is nothing to eat - she hasn't cooked for the past three days. She then resolves to take a nap. But before lying down, she flips the switch so that when ZESA finally comes through she will be able to wake up and cook some food.

Vongai wakes up with a start, a flicker of light enters her room through the window. She can hear her landlord exchanging morning greetings with the neighbors. It must be around 7am but she doesn’t know for sure because her landlord's radio, which serves as her clock, is off. She smiles wryly when she realizes that she’s been asleep for the past 12 hours. ZESA did not wake her up because for the fourth day in a row, ZESA has neglected her community. Nobody knows when the Zimbabwe Electricity Supply Authority will finally turn the electricity back on!

Zimbabwe’s Planned National Indigenization and Empowerment Bill: Disaster for the Country’s Economic Infrastructure

by Lelety Mabasa
- Zimbabwe -


Reeling under severe economic hardships which have earned it the world's highest monthly inflation rate, Zimbabwe is to be dealt yet another blow as far as foreign investment is concerned. The impending disaster will take the form of the enactment of the controversial “National Indigenization and Empowerment Bill.”


Harare, the capital city of Zimbabwe. Photograph by Christopher T. Snow
Under the bill, which will be bulldozed into law in the next two months, all foreign owned companies will be forced to cede at least 51 percent of their shareholding to indigenous “black” Zimbabweans.

All foreign investors seeking to invest in Zimbabwe will be made to seek joint ventures and partnerships with black Zimbabwean business people. According to President Robert Mugabe's government, “they cannot continue holding controlling stake” in the country's enterprises. The government is also planning to use the National Indigenization and Empowerment Fund to mobilize resources and provide loans to new aspiring black business tycoons.

The Critical Exodus of Professionals from Zimbabwe

By Lelety Mabasa
Zimbabwe


Mariah turns on her back. She winces from pain as she stretches her arms. She sleeps on the ground, and her thin blankets hardly protect her from the rough surface. From her room, she calls out to her neighbour in the other room, telling her to bathe the kids as she will not be bathing early today. She is normally the first to use the bathroom, but she will be the last today - she is not going to work because nurses are on strike.

As she continues with her “sleep,” Mariah reflects back on her college days, when she and her friends could not wait to graduate. They dreamt of “making names for themselves out there. ” They fantasized about owning houses in the country's posh surburbs, being the first to have the latest model cars, having happy marriages and a modest family with three children who would all go to the best schools the country has to offer. These naively hopeful students also planned on buying nice houses for their parents.

That was four years ago.

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