Zimbabwe’s business leaders have told President Robert Mugabe that the country is in need of “comprehensive reforms” to attract investment, end cash shortages and stave off rising inflation but stopped short of telling the aging leader that the country was in a crisis.
Fixed telecoms operator, TelOne, says its legacy debt has grown to $374 million, putting off potential partners and attracting higher cost of borrowings.
The government of Botswana says it has donated 473 200 doses of foot and mouth disease (FMD) vaccine to Zimbabwe to help contain the outbreak to stop it from spreading across the borders.
Movement for Democratic Change leader Morgan Tsvangirai today blasted tribalism saying ethnicity breeds nepotism, regionalism, racism and xenophobia.
Zimbabwe’s foreign currency receipts rose 6.6 percent to $3.2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central bank governor, John Mangudya.
Movement for Democratic Change leader Morgan Tsvangirai in August 2008 proposed that he should become President of Zimbabwe with Robert Mugabe as the Prime Minister but Mugabe refused.