The Zimbabwe Stock Exchange All Share Index has risen 5.5% so far in August, its best performance for the month since at least 2019, to lift gains so far this year to 521% in dollar terms. By contrast, the MSCI Emerging Markets Index, buffeted by concerns about China’s economic health and rising US debt yields, is down 7.3% this month.
President Emmerson Mnangagwa, 80, who is seeking a second term, told the state-owned Zimpapers Television Network on Tuesday that the economy and Zimbabwe dollar in particular, are under “attack” from Western nations that are fostering instability so they can effect regime change.
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