The price of doing business in Zimbabwean gold — the country’s latest currency — is too steep for many retailers, who can’t compete with an informal market still churning on US dollars. Harare, Zimbabwe | Gamuchirai Masiyiwa, Global Press Journal Zimbabwe | A year ago, all 16 checkout lanes were …
Read More »Zimbabwe suspends mobile money platforms to curb black market transactions
Kampala, Uganda | XINHUA | The Zimbabwean government on Friday announced the suspension of all monetary transactions on phone-based mobile money platforms as it seeks to deal with the foreign currency black market and perceived economic saboteurs. A statement by government spokesperson Nick Mangwana said the government had taken a …
Read More »Mistrust and black market flourish in Nigeria as virus spreads
Lagos, Nigeria | AFP | A black market in coronavirus test kits is flourishing in Nigeria, spurred in part by negligible faith in the country’s health system to defeat an emerging threat. Testing is a crucial weapon in combatting COVID-19. It not only identifies where the stealthy virus has invaded — …
Read More »