In mid-June, Cambria Africa announced that its Zimbabwe-based subsidiary—the payment-services provider Payserv—had suspended its service to its bank customers in Zimbabwe. According to Cambria, the suspension was due to a “collective refusal to pay historical and contracted pricing to Payserv Africa in US dollars
It is true that one person can make a difference, for good or ill, for an entire nation; such was the case in Zimbabwe, once touted as the “breadbasket of Africa”, but after 30 plus years under the iron grip of President Robert Mugabe more aptly known as its economic basket case. There is renewed hope with President Emmerson Mnangagwa installed—but how much can one man do?
On November 21, Zimbabwe’s President Robert Mugabe resigned, ending his 37-year rule of the southern African nation. The resignation followed an intervention by the country’s military after Mugabe sacked his vice president, Emmerson Mnangagwa