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The acknowledgement by Zimbabwe’s central bank governor that it raided the private bank accounts of companies and donors to fund President Robert Mugabe’s government during the economic crisis has increased speculation over his fate under the new national unity government.
Central Bank Governor Gideon Gono said the central bank took foreign currency from private accounts to help pay for some $2 billion in loans to state-owned companies and utilities and for power and grain imports. He said the government still had to repay about $1.2 billion, so the bank could repay the money it owes.
Heading the central bank at a time Zimbabwe was suffering economic collapse and hyperinflation that touched at least 231 million percent a year (according to official figures) was never going to be a badge of honour for the governor, but as he made clear in his statement, Zimbabwe’s problems went beyond economics.
“It was a political problem and not an economic one that drove us into the difficulties this nation experienced, and quasi-fiscal operations were a response to those political challenges we have now resolved through the inclusive government,” the statement said. “Our call is to let bygones be bygones and for everyone and every entity to start anew and open a new page.”
President Robert Mugabe joined the mourning for Prime Minister Morgan Tsvangirai’s wife on Tuesday and called on Zimbabweans to end violence and support his old rival to help rebuild the country.
The death of Susan Tsvangirai in a road crash in which her husband was also injured has, at least on the surface, brought about a show of unity between Zimbabwe’s bitterest foes that might never have looked possible.
from Global News Journal:
Southern African leaders have decided at a summit that Zimbabwe should form a unity government next month but the opposition said it was disappointed with the outcome, raising doubts over chances for ending the crisis.
The 15-nation SADC grouping said after the meeting in South Africa - its fifth attempt to secure a deal on forming a unity government - it had agreed that opposition MDC leader Morgan Tsvangirai should be sworn in as prime minister by Feb. 11.
from Global News Journal:
From a distance it is always hard to picture just how hard life is in Zimbabwe and to imagine how much worse it can get. For so long we have been writing about economic collapse, inflation statistics beyond comprehension, the fact that at least a quarter of the country has fled to seek work abroad and that life expectancy has tumbled.
Commentators have long spoken of the dangers of a possible ‘meltdown’. The signs of what that might look like have grown stronger this week.
For Zimbabwe’s long-suffering people, the true meaning of the signing of a power-sharing agreement between President Robert Mugabe’s ZANU-PF and the opposition MDC would be how quickly it leads to an improvement in their daily lives. An economic crisis that began in 1998 has turned the once prosperous Southern African country into a basket case economy with the world’s highest inflation at over 11 million percent. Millions of Zimbabwean’s who have fled across the borders to escape unemployment and severe shortages are waiting to see if the political deal will result in economic rebound paving the way for their return.
The agreement negotiated by South African President Thabo Mbeki provides for the sharing of power between veteran President Robert Mugabe and Morgan Tsvangirai, leader of the main opposition Movement for Democratic Change (MDC). Tsvangirai takes on the new role of Prime Minister with extensive powers, with Mugabe’s 28-year hold on power significantly eroded.
Is it just me, or is Zimbabwe’s President Robert Mugabe starting to look more confident again? At the start of power sharing talks a few weeks back he appeared distinctly grim when he and opposition leader Morgan Tsvangirai had their historic handshake.
In the past few days he has been much more his old self, lambasting the West at a speech to commemorate the dead in the liberation war, giving a national honour to George Chiweshe, who organised elections that were condemned by much of the world, and generally upbeat during three days of talks that in the end delivered no result.
President Robert Mugabe, MDC leader Morgan Tsvangirai and a smaller MDC faction signed a framework for the talks in South Africa on Monday — a deal that South African leader Thabo Mbeki said committed Zimbabwe’s political rivals to an intense timetable.
It would be out of character for the African Union (AU) to order any tough sanctions against Zimbabwe’s strongman President Robert Mugabe at its summit in Egypt on Monday. But has his swearing-in on Sunday for a new five-year term after a widely condemned election further narrowed the AU’s latitude for action? Mugabe defied international calls to cancel a presidential election run-off and negotiate with opposition leader Morgan Tsvangirai who defeated Mugabe in the first-round ballot on March 29 but fell short of an outright majority. Mugabe was the only candidate in the second round after Tsvangirai and his Movement for Democratic change pulled out because of widely reported government-backed violence and intimidation.
Mugabe was heading for the AU summit after Zimbabwe’s electoral commission declared him the winner as expected. He was immediately inaugurated in Harare, extending his 28-year rule. This could force the AU to deal with him as the legitimate head of state of Zimbabwe, in the face of calls from the likes of South Africa’s Bishop Desmond Tutu for the pan-African body not to recognise his election. A defiant Mugabe vowed to confront his critics at the summit. The wily Mugabe invited Tsvangirai to the inauguration ceremony and pledged at the event to talk to the opposition to solve the country’s political crisis. Tsvangirai rejected the invitation.
Opposition leader Morgan Tsvangirai’s decision to abandon a controversial run-off ballot against Zimbabwe’s strongman President Robert Mugabe would surprise few. Western governments and aid agencies have for weeks voiced the same accusations of violence and intimidation against the Mugabe camp which Tsvangirai cited in concluding that a run-off election stood no chance of being free or fair.
Hours before Tsvangirai’s decision, his Movement for Democratic Change (MDC) reported that its rally in the capital Harare had been broken up by pro-Mugabe youth militia, something Mugabe’s ruling ZANU-PF party denied.
Opposition leader Morgan Tsvangirai detained twice in a week, U.S. and British diplomats forced from their cars by police, rallies banned, aid workers stopped from working, reports of violence from across the countryside. The campaign for Zimbabwe’s presidential election run-off on June 27 is being hard fought, literally.
The opposition accuses President Robert Mugabe of responsibility for violence and says 65 people have been killed. The ruling party blames Tsvangirai’s followers and says Mugabe’s Western foes and some aid agencies have been campaigning for the opposition.