Zimbabwe Protests After Petrol, Diesel Price Hike
14 January 2019 African News
Protests have broken out in Zimbabwe’s two main cities following the more than doubling of the fuel price.
Burning tyres and boulders are being used to barricade roads and block buses from carrying passengers.
President Emmerson Mnangagwa said the fuel price rise is aimed at tackling shortages caused by an increase in fuel use and “rampant” illegal trading.
Zimbabwe’s government is trying resuscitate the country’s struggling economy.
The southern African nation faces a severe shortage of US dollar cash and confidence in its bond notes, which are supposed to be worth the same as the dollar, is still low.
The bond notes, or “bollars”, have lost value because of a lack of foreign currency backing the note, and are now worth much less than a dollar.
Source: BBC News