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Zimbabwe heads to the polls amid high inflation, a slumping currency and a cost of living crisis

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Jonathan Munemo

Zimbabwe is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dollar have combined to fuel a cost of living crisis for households and battered business activity.

These will be among the key economic concerns weighing on Zimbabweans as they prepare to cast their votes at elections scheduled for late August. President Emmerson Mnangagwa is campaigning to secure a second mandate that will extend his five-year term in power. He will square off against 10 presidential candidates, including the opposition’s main candidate Nelson Chamisa.

Inflation remains sticky and jumped 175.8% in June from 86.5% a month ago. Part of the recent re-acceleration in inflation was triggered by the Zimbabwe dollar’s slide, which plunged 85% in the two months through May and pushed up import costs. Although inflation edged lower in

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