China’s finger is now in virtually every Zimbabwean pie and the Chinese Yuan may soon become the official currency
BULAWAYO, (IPS) – From downtown shops that stock cheap clothing and shoes that fall apart after one wear, to mining concessions in platinum, gold and diamonds – the Chinese finger is now in virtually every Zimbabwean pie. From city sidewalks to low-income suburbs, the Chinese have become part of the local population, and if some senior [...]
Zimbabwe has now become a ‘factory for poverty’
HARARE (IPS) – Over 75 percent of the people in crisis-riddled Zimbabwe are living in desperate poverty, with children bearing the brunt. And with rival parties still deadlocked over implementation of a power-sharing agreement signed four months ago, things are likely to get worse before they improve. The urgent need to establish a functioning government is [...]
US Ambassador meets Robert Mugabe in Zimbabwe
The United States Ambassador to Zimbabwe Charles Ray engaged President Robert Mugabe in a closed door meeting hear in Harare on Tuesday. Sources say Ray and Mugabe spoke about a number of issues relating to the socio political situation in the country as well as the United States commitment in Zimbabwe. Mugabe’s meeting with the United States [...]
Mugabe estimated to be worth more than a billion dollars
Zimbabwean President Robert Mugabe’s wealth has been estimated to be over a Billion United States dollars in value. However, the actual value is unknown because of the secrecy surrounding the 87 year old’s investments. According to cables released by whistle blowing syndicate WikiLeaks Mugabe’s riches were discussed by the United States. “….Unknown, but are rumoured [...]
Zimbabwe is broke and cannot hold elections planned for this year
Tendai Biti, Zimbabwe’s Finance Minister, has said the country does not have the money to hold elections planned for later this year, a local daily reported Wednesday. ”The economy cannot sustain an election,” the privately owned NewsDay quoted Biti as saying. ”The Zimbabwe Electoral Commission has submitted a budget for $400 million (for holding elections). ”Where do I get [...]
Reckless Mugabe vows to resist regional pressure and says Zuma cannot prescribe what happens in Zimbabwe
Zimbabwe’s President Robert Mugabe on Friday vowed to resist pressure from fellow African leaders to resolve tensions in his power-sharing government with Morgan Tsvangirai. ”The MDC thinks SADC or the AU can prescribe to us how we run our things,” Mugabe was quoted as saying by the state-run New Ziana news agency at a meeting of [...]
Mugabe’s government to take over all foreign-owned mining companies in Zimbabwe
HARARE, March 28, 2011 (AFP) – All foreign-owned mining companies in Zimbabwe must sell majority stakes to locals within six months, under new rules released Monday that clouded the nation’s drive for foreign investment. The new rules marked the latest attempt by long-ruling President Robert Mugabe to squeeze cash out of the mining industry, after last [...]
Energy Minister arrested by police in Zimbabwe
HARARE, March 25, 2011 (AFP) – Zimbabwe’s energy minister Elton Mangoma was arrested Friday on undisclosed charges, his party said, two weeks after his last detention sparked calls for a “divorce” in the strained unity government. ”We have just been informed that minister Mangoma was picked up by the police this morning as he was on [...]
Big blow to Robert Mugabe as supreme Court in Zimbabwe throws out case against Roy Bennett
HARARE, March 10, 2011 (AFP) – Zimbabwe’s Supreme Court on Thursday threw out an appeal against the acquittal of Roy Bennett in an alleged plot to overthrow President Robert Mugabe, his lawyer said Thursday. ”The judgment was delivered by the Supreme Court today and the ruling said the application against the acquittal of Roy Bennett had [...]
Tendai Biti warns of bloodbath as Zimbabwe prepares for elections
JOHANNESBURG, January 19, 2011 (AFP) - Zimbabwe’s finance minister warned on Wednesday that his country could face a “bloodbath” at elections this year and urged the international community to do more to prevent crises in Africa. Tendai Biti, a former opposition stalwart who has helped bring Zimbabwe’s economy back from the brink of collapse, warned of “disastrous, [...]
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