Matthew Hill

The International Monetary Fund raised its economic growth forecast for sub-Saharan Africa next year to the highest since 2021, while warning that factors including social unrest create elevated uncertainty.

Zimbabwe won’t solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said.

Zimbabwe won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said.

Tensions are high in Mozambique after riots broke out in the capital on Thursday night when authorities announced a resounding victory for the ruling party in an election the opposition said was rigged.

Venâncio Mondlane, the fiery opposition presidential candidate who was declared the runner-up in Mozambique’s Oct. 9 elections, warned of further protests against what he’s described as a fraudulent outcome.

Protesters in the Mozambican border town of Ressano Garcia seized control of a number of trucks and used them to blockade the main highway to neighboring South Africa on Monday, according to the Trans African Concessions, which operates the route.

Public buses were also prevented from operating on the N4 highway and passengers were forced to get out and walk.

Venâncio Mondlane, the independent Mozambican opposition presidential candidate who fled the country after last month's disputed elections, plans to return this week as the gas-rich nation faces growing unrest.

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The unrest intensified on Monday, with protesters blocking the main highway connecting the Maputo port with neighbouring South Africa.