U.S. Trade Policies Could Affect Interest Rates, South African Banker Says.
The head of South Africa's central bank said some of Donald Trump's plans might cause problems. Trump was sworn in as president yesterday and wants to impose big taxes on goods from Mexico and Canada.
Lesetja Kganyago is worried that this could raise prices. Central banks have worked hard to keep prices under control, but they might have to stop lowering interest rates if inflation gets worse again.
"It could slow down the progress central banks made since the big inflation of 2022," Mr. Kganyago said. He was interviewed at an important meeting in Davos.
Many central banks, including those in the U.S., Europe, and South Africa, cut rates last year when...
Zimbabwe Makes It Easier for People to Invest Money.
Zimbabwe wants more people to invest in the country. In the last few months of 2024, it issued 200 new permits, which is more than before.
Zimbabwe has a new website. It makes it easier to get a permit to invest. People don't have to go to an office now. They can do it all online. Almost everyone uses the website now.
The person in charge is happy. He said they finally made everything digital. Getting a permit takes less than five days.
However, less money was invested than in other years, partly because of some very big investments in 2023.
Most permits went to the capital city. The real estate and energy businesses got the most money.
The government created new rules for...
Zimbabwean Businessman Claims $100 Million Net Worth, Eyes Billionaire Status.
Wicknell Chivayo, a prominent businessman in Zimbabwe, recently claimed his net worth exceeds $100 million. This would make him one of a small group of centi-millionaires on the African continent.
Mr. Chivayo, age 41, says he is on track to reach billionaire status within the next nine years before he turns 50. He believes this is his destiny, based on a prophecy he says he received back in 1994.
"I just need nine years or less," Mr. Chivayo posted online. "Have patience. God's plans take time, but I will definitely get there."
His claims came in response to a local news story suggesting he still had far to go to join the ranks of billionaires. Earlier in...
Tragedy in Bindura: Seven Miners Die in Shaft Collapse.
A sad thing happened in Zimbabwe. It was in a town called Bindura. Seven people died there on Saturday.
They were working in a mine. It was called Botha Mine. The ground fell in on them. They got trapped.
The police know five of the people's identities, as their families told them. However, two of the miners have not been named yet.
The police said the miners should not have been there. The mine was not safe. It was too wet from a lot of rain. The ground was not strong.
A government leader went to the mine. His name is Christopher Magomo. He said mining there had been banned. The mine did not meet the rules.
Mr. Magomo said bad things happened at the mine. People did drugs...
A Big Race Will Honor a Beloved Singer.
Oliver Mtukudzi was a famous singer from Zimbabwe. People called him "Tuku." He died in 2019 from diabetes at the age of 66.
Tuku's family and fans want to remember him. They created a special running race. It happens every year. The race is named after Tuku.
This year, the race will be on February 2. It will take place at an arts center that Tuku started. The center is in a town called Norton.
People can choose how far they want to run. They can do a short race of 5 kilometers, a medium race of 10 kilometers, or a long race of 21.1 kilometers.
Many people are excited about the race, and many runners have already signed up. Some are fast runners who compete a lot, and others just want to run...
Zimbabwe's Newest High School Students Start Class Monday.
A large group of students in Zimbabwe will head to class on Monday. They just finished a set of important tests and are moving up to a higher level of school.
The students are starting what is called "Lower Sixth" or "A-Level." It is a two-year program that follows a four-year program called "O-Level."
The government wants the students to get back to school fast. It does not want them to have too much time off. Officials worry that young people might get into trouble if they are not busy. They think more school is the answer.
The students will not have to pay full price for school this term. They get a discount because they are starting late. The government says the schools...
Lovemore Madhuku Wins a Key Court Battle.
ZIFA Lawyer Relieved as Mliswa Withdraws Election Challenge.
Lovemore Madhuku felt happy on Wednesday. He is a lawyer for ZIFA, Zimbabwe's soccer group. ZIFA will hold an important election this week. But some people wanted to stop it.
Temba Mliswa was one of them. He pulled out of the election and then went to court, saying it was not fair.
Mr. Madhuku fought against Mr. Mliswa in court. The case took three hours. In the end, Mr. Mliswa gave up. He said he filed his papers too late.
The judge agreed. She said Mr. Mliswa missed the deadline. He had eight weeks. But he took 11 weeks.
Mr. Madhuku was glad he won. He said it was good news for ZIFA. But they still have another case to deal...
Zimbabwe's Stock Markets See Ups and Downs.
Stocks in Zimbabwe had a mixed day on Tuesday. Some went up, but others went down.
The main stock index, the All Share Index, fell slightly. It ended the day at 204.80 points, down 0.84%.
Another index, the Top 10 Index, also slipped, but not as much. It closed at 204.55 points, a drop of 0.28%.
The total value of all the stocks was $2.32 billion in US dollars or ZiG 60.93 billion in Zimbabwean money. This is down 2.03% from the previous day.
One busy stock was SeedCo. Lots of people bought and sold it. The value of SeedCo shares traded was ZiG 2.66 million.
Some companies had good news. Zimpapers' stock price jumped 50%, ZHL gained 33.33%, and BAT rose 19.5%.
But other firms struggled...
Palestinian Ambassador Speaks Out Against Israel.
Says Actions in West Bank Are "Brutal."
The Palestinian Ambassador to Zimbabwe is very upset. His name is Dr. Tamer Almassri. He said Israel is being mean to Palestinians in the West Bank.
Israel put up a lot of checkpoints there. They are like gates that make it hard for people to move around. There are almost 900 of them. Ambassador Almassri said this is not fair. It breaks up communities.
He thinks Israel's leader, Benjamin Netanyahu, is doing this for political reasons. Netanyahu wants to make his government look strong. But Ambassador Almassri said it's really just a way to bully Palestinians.
Israeli troops also attacked a place called Jenin. They used drones and bombs. Ten...
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