ISHÊ SIMBA

Rapper | Singer/Songwriter | Producer | Content Creator | Cofounder of @shwentomusic 🇺🇬🇿🇼🇸🇿🇲🇼🇿🇦

[Rutendo Matinyarare @matinyarare]

𝗪𝗘 𝗠𝗨𝗦𝗧 𝗦𝗧����𝗣 𝗢𝗨𝗥 𝗢𝗟𝗗 𝗛𝗔𝗕𝗜𝗧𝗦 𝗜𝗙 𝗪𝗘 𝗪𝗔𝗡𝗧 𝗧𝗛𝗘 𝗭𝗜𝗚 𝗧𝗢 𝗦𝗨𝗖𝗖𝗘𝗘𝗗.

Zimbabwe is currently exporting more than it ever has in history and generating more foreign currency than ever before, at $11 billion in 2023. We even had a huge trade surplus of $125 million in 2023, but irrespective, our currency is still falling. Why?

It’s because Zimbabweans love foreign currency and foreign goods, as a result most of the foreign currency generated from exports does not come back to our taxman, the Reserve Bank, our commercial banks as savings or reinvestment in the economy, to facilitate a seamless foreign exchange system.

Then the little forex that trickles back to the country is immediately used to import fuel, cars, medicines, electronics, inputs, luxuries and machinery, which are then sold in U.S. dollars on the local market.

Even the government and its municipalities demand US dollars for the provision of public services because they can’t stop importing expensive foreign vehicles, while civil servants demand to be paid in US dollars so that they can buy the basics that are sold in foreign currency in our shops.

Consequently, no Zimbabwean wants to hold Zim dollars, whether backed by gold or not, because businesses, investors, and even the common man desire only foreign currency, which causes the local currency to lose value and making it less attractive as a store of value.

This, creates a perpetual cycle that sucks US dollars out of the economy, increasing demand for US dollars and inversely reducing the demand and value of Zim dollars.

So why don’t Zimbabweans get tired of hoarding these US dollars to break this cycle of a depreciating local currency?

The biggest problem is foreign companies like Pick n Pay, PPC, etc., and foreign investors like BlackRock, Sanlam, Allan Grey and others who are slowly dominating our economy, are allowed to repatriate a hundred percent of their profits out of Zimbabwe. So they either transact in dollars or they take their local currency to the black market and hoard dollars or gold in order to repatriate their profits.

In fact, it is these U.S. dollars that attract particularly South African companies to come to Zimbabwe to hedge their rand depreciation losses or to diversify their earning from South Africa.

Then we also have Zimbabwean companies and individuals who also want to save in US dollars or gold and externalize them, because like Cecil John Rhodes, they see Zimbabwe as a cash-cow colony to make US dollars (or gold), externalize them and spend them in nations they desire to live.

This is why you see that most of our top ten biggest companies on the Zimbabwe Stock Exchange have multi-billion dollar businesses outside Zimbabwe, but the question is how did they get billions of US dollars out of Zimbabwe with the strict foreign exchange controls that have prevailed in our country?

It’s because they laundered the money out of the country as US dollars or gold bought off the black market and laundered them out through transfer pricing, under-invoicing and smuggling money bags out of the country to other locales.

This is why, according to the U.S. Bureau of Economic Research, Zimbabweans are the fourth biggest externalizers in the world, with over 63% of Zimbabwean GDP in savings, sitting in tax havens. This is not counting the billions externalized to non-tax havens like South Africa, Canada, Australia, EU and the UK.

Even more interesting is according to CEPII, from where we got the export data for the graph below, Zimbabwe’s exports over the past 20 years have been under-declared by a factor of between 15% and 25%. According to the RBZ, Zimbabwean exports in 2022 were $7.2 billion but according CEPII’s tally of Zimbabwean imports from receiving nations, it was $8.4 billion and Zimbabwe’s biggest trading partner was not South Africa but Dubai which bought $4.48 billion of Zimbabwean gold.

Continue reading here: https://t.co/WGm0hndm31

[ISHÊ SIMBA @Ishe_simba]

At some point you have to realize that if you haven’t decided what you want yet then you can’t really except to get anything.

[ISHÊ SIMBA @Ishe_simba]

It’s beautiful thing when you figure out who you are.

[BOWMAN AREMWAKI @BowmanAremwaki]

Weve been cooking

🌹OU LA LA🌹

Zagazillions & Bowman Aremwaki

🎶 Produced by @AndyMuzic & @IshePsimba
🎛 Mixed by @MuzicAndy

LETS RAVE!!!!

https://t.co/HOW99eNkch

🔥🔥🔥

@Zagazillions @BowmanAremwaki @Swangz_Avenue

#OuLaLa #Zagazillions #BowmanAremwaki #SwangzAvenue #TFN

[ISHÊ SIMBA @Ishe_simba]

Today is just the beginning come thru and we sip some of dis new new🔥 🔥 #newwave #shwento #music #stuckinparadise

[ISHÊ SIMBA @Ishe_simba]

Coz if attention is the the new currency why do they keep paying you?

[ISHÊ SIMBA @Ishe_simba]

I don’t know who needs to hear this but all your haters are just confused fans.

[Shwento Music @shwentomusic]

Coming soon " Tutuka Video by Shwento ft Niwe Akeine

[BOWMAN AREMWAKI @BowmanAremwaki]

New Music Out soon!!!!!!!!

[Shwento Music @shwentomusic]

Shwento P$imba is a singer, producer and a professional rapper.
Born in Masvingo city in Zimbabwe
Well blended citizen of Uganda and a complete dedicated artist

[ISHÊ SIMBA @Ishe_simba]

@RozviState If you die in Europe they’ll still burry you in Africa, why shouldn’t we reciprocate their thoughtfulness??

[BOWMAN AREMWAKI @BowmanAremwaki]

The other day, I made an impromptu little showcase of my lastest single LISTEN at @VibezNzuri 🔥🔥🔥

Have you listened to the song!? Check it out, link in my bio.

#Listen #BowmanAremwaki #TFN #RnB #newwave #Music

[B’RAKA @itsJoshuaBaraka]

@BowmanAremwaki @VibezNzuri “I wasn’t meant to perform here but I was born to perform.”~~~Bowman

[Shwento Music @shwentomusic]

Coming together in the isolation times"the Covid19 lockdowns",Banjo's backyard and sometimes Xami's living room became our Studios where we moulded our ideas into reality. An African music collective leveraging web3 technologies to build music, art culture across the continent

[Lecuk Legendz @lecuklegendz]

@256experience “I realize, in this head of mine
If you could be anything you like
I’d still be me but with a bigger smile”
-DENESI-

[The CEE 👽 (United States of Africa DJ) @The_CEE_]

Yohhh this new school Ugandan sound what the fuck . 🔥🔥🔥🔥 come to the DDDDDIIIIII , double it , quisso yohhh these tunes are showing another side mixing the new slangs with the kidandali . This can even rival Afro beat

[ISHÊ SIMBA @Ishe_simba]

@daddyhope Of course you would love jobs from foreign nations, since they have you one 👀.

[ISHÊ SIMBA @Ishe_simba]

@AfricaFactsZone While we’re quarreling here, the real cause of our suffering continues unhindered, divide and conquer always does the trick.

[ISHÊ SIMBA @Ishe_simba]

Gen Z in a nutshell

[Ever’P- Atabaka 1💙💫 @RealOjochogwu]

@AfricaFactsZone SA is turning to sodom and Gomorrah quietly.