Search results
Results From The WOW.Com Content Network
Zimbabwe's inflation of almost 25,000% in 2007. Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe ...
On Transparency International's 2024 Corruption Perceptions Index, Zimbabwe scored 21 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Zimbabwe ranked 158th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [ 4 ]
Willowgate was a 1988–89 political scandal in Zimbabwe involving the illegal resale of automobile purchases by various government officials, uncovered by The Bulawayo Chronicle. The ensuing investigation resulted in the resignations of five members of President Robert Mugabe 's cabinet.
Following the financial crisis of 2007–2008, and allegations over excessive executive pay, demand for products dropped. Anglo Irish Bank: Ireland: 15 Jan 2009: Banking: After the financial crisis of 2007–2008, the bank was forced to be nationalised by the Irish government. Arcandor: Germany: 9 June 2009: Retail
President Emmerson Mnangagwa was reelected for a second and final five-year term with 52.6% of the vote, according to the The post Opposition claims “gigantic fraud” in vote that keeps ...
Inflation has spiralled out of control (peaking at 500 billion % in 2009) and the underpinnings of the economy in agriculture and industry have been dissipated. [15] [16] [17] Due to the state of the formal economy, many Zimbabweans have begun working in the informal economy. Because of this, it is estimated that by 2009 unemployment was nearer ...
The crisis harmed Zimbabwe's economy, with investors dumping Zimbabwean stocks, sending them falling 10% on Monday to an eight-week low of 387.38. [53] At 18:00 local time Mugabe resigned. [54] His resignation, in the form of an official statement, was announced by Speaker of Parliament Jacob Mudenda to the joint session. Many of the ...
The Swedish furniture giant Ikea told the BBC in late December that consumers should expect “delays” and “some availability constraints” at their stores due to the Red Sea crisis.