See also:
» 07.01.2011 - Record Zimbabwe debts to Equatorial Guinea
» 17.11.2010 - Zim diamond certification scandal revealed
» 04.03.2010 - Britain no yet convinced to lift Zim sanctions
» 02.03.2010 - Obama extends Zim sanctions for another year
» 01.03.2010 - Heading for another economic disaster
» 26.02.2010 - Evicted Zim farmers in another ‘victory’
» 17.02.2010 - Not so quick Robert...
» 27.01.2010 - Australia entrust SA with Zim recovery funding

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development | Agriculture - Nutrition

Zimbabwe crack down on price hikers

afrol News, 9 July - Over 1,300 Zimbabwean businesspeople have been arrested and fined for defying the price control set by the government. Officials of Zimbabwe's top firms were among those arrested and fined. 33 top Zimbabwean business executives have also been in police custody, waiting to be tried soon.

Zimbabwe has been accusing the businesspeople of deliberately hiking prices to cause chaotic situation thus threatening the government's survival.

But activists argued that unless Zimbabwe adjusts its policies, especially the foreign one, it would be difficult for the country to achieve economic breakthrough.

Its crack down on the business community followed the government's plan to curtail the prices of goods by half, an employed strategy to solve the high pace of inflation in southern African's once food basket.

The government's order has succeeded in aggravating the situation, with most shopkeepers prefering to close down rather than selling at loss, leaving the citizens with fears of food shortages.

Zimbabwean officials, who have been visiting shops and businesses to ensure that they comply with the new prices, vowed to main the new order, which aims to bring about sanity in the business industry.

Where the govenment had succeeded in enforcing the prices cut, people rushed to buy goods. Most of the rush buyers were caught transporting tonnes of goods to the rural areas for resale.

The police spokesman, Chief Superintendent Oliver Mandipaka, said that some businesses had raised the prices immediately after the officials had left.

"We urge consumers to report such cases, using our police hotlines," Oliver Mandipaka told 'The Herald'.

"We will sustain this operation at all costs to make sure at the end of it there is sanity in the business sector:"

Zimbabwean government had earlier admitted a looming severe food shortages in the country. It has agreed to accept the food aid from the international community only on humanitarian grounds. Any such aid with attached strings would not be welcome, Zimbabwean officials said.

Zimbabwean government had invited experts from WFP and FAO to assess its food situation. This came after the government had declared 2007 as the year of drought.

"I have received a preliminary report from (WFP/FAO) which confirms our earlier fears of food shortages," Zimbabwe’s Minister of Agriculture, Rugare Gumbo, said.

"In their report they are saying the country will this year harvest between 600 000 and 800 000 tonnes of grain, which falls far short of the national requirement of about 2 million tonnes. In my view, I think this is a fair assessment."

- Create an e-mail alert for Zimbabwe news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Agriculture - Nutrition news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at