Verging on one-fourth of the Zimbabwean population -- nearly 3.4 million people -- are living abroad, many of them having fled violent state repression and the nation's deepening economic crisis.
The figures were compiled by a central bank advisory board formed to explore ways of getting "Zimbabweans in the Diaspora" to send hard currency home, board member Erich Bloch said Friday.
Many Zimbabweans support the families they left behind but usually send money through black-market currency dealers who pay out in local currency and keep the hard cash offshore.
Reserve Bank Governor Gideon Gono in December said he was launching a program to try to channel that hard currency through state coffers.
Bloch said the advisory board found there were 1.1 million Zimbabweans working in Britain, the former colonial power.
Of those, some 800,000 were illegal immigrants.
More than 1.2 million were working in neighboring South Africa and at least 100,000 were in Australia.
The rest were in Canada and scattered throughout Europe, the US, southern Africa and other parts of the world.
Bloch, an independent economist and deputy president of the Zimbabwe Institute of Chartered Accountants, heads the drive to persuade Zimbabweans to repatriate their money legally.
He said it was estimated that up to US$400 million could be paid annually into the central bank for onward payment in local currency to families in Zimbabwe.
Zimbabwe, suffering its worst economic crisis since independence in 1980, is facing acute hard currency shortages.
Bloch said a range of incentives for Zimbabweans abroad was being considered.
"The exchange rate will have to be close to what they are getting through other channels. They have to be satisfied there is no risk as there would be in the illegal market and that their families will be very promptly paid," he said.
The US dollar buys about 4,200 Zimbabwe dollars on the black market. The official exchange rate is fixed at 824-1.
Assurances were also needed there would be no double taxation and illegal immigrants would be guaranteed confidentiality.
Provisional results of a national census last year put the country's population at 11.5 million but acknowledged large numbers left the country, many to seek jobs, and others may not have been counted.
Zimbabwe's population is generally accepted to be 12.5 million.
As many as 1 million people may not have been counted in the census after disruptions in the economy and the seizure of white-owned farms forced them to move from their traditional homes.
The official results of the census are to be released later this year.
As well as shortages of hard currency, Zimbabwe is facing acute shortages of food, gasoline, medicine and other essential imports.
CONDITIONS: The Russian president said a deal that was scuppered by ‘elites’ in the US and Europe should be revived, as Ukraine was generally satisfied with it Russian President Vladimir Putin yesterday said that he was ready for talks with Ukraine, after having previously rebuffed the idea of negotiations while Kyiv’s offensive into the Kursk region was ongoing. Ukraine last month launched a cross-border incursion into Russia’s Kursk region, sending thousands of troops across the border and seizing several villages. Putin said shortly after there could be no talk of negotiations. Speaking at a question and answer session at Russia’s Eastern Economic Forum in Vladivostok, Putin said that Russia was ready for talks, but on the basis of an aborted deal between Moscow’s and Kyiv’s negotiators reached in Istanbul, Turkey,
In months, Lo Yuet-ping would bid farewell to a centuries-old village he has called home in Hong Kong for more than seven decades. The Cha Kwo Ling village in east Kowloon is filled with small houses built from metal sheets and stones, as well as old granite buildings, contrasting sharply with the high-rise structures that dominate much of the Asian financial hub. Lo, 72, has spent his entire life here and is among an estimated 860 households required to move under a government redevelopment plan. He said he would miss the rich history, unique culture and warm interpersonal kindness that defined life in
AERIAL INCURSIONS: The incidents are a reminder that Russia’s aggressive actions go beyond Ukraine’s borders, Ukrainian Minister of Foreign Affairs Andrii Sybiha said Two NATO members on Sunday said that Russian drones violated their airspace, as one reportedly flew into Romania during nighttime attacks on neighboring Ukraine, while another crashed in eastern Latvia the previous day. A drone entered Romanian territory early on Sunday as Moscow struck “civilian targets and port infrastructure” across the Danube in Ukraine, the Romanian Ministry of National Defense said. It added that Bucharest had deployed F-16 warplanes to monitor its airspace and issued text alerts to residents of two eastern regions. It also said investigations were underway of a potential “impact zone” in an uninhabited area along the Romanian-Ukrainian border. There
A French woman whose husband has admitted to enlisting dozens of strangers to rape her while she was drugged on Thursday told his trial that police had saved her life by uncovering the crimes. “The police saved my life by investigating Mister Pelicot’s computer,” Gisele Pelicot told the court in the southern city of Avignon, referring to her husband — one of 51 of her alleged abusers on trial — by only his surname. Speaking for the first time since the extraordinary trial began on Monday, Gisele Pelicot, now 71, revealed her emotion in almost 90 minutes of testimony, recounting her mysterious