The Zimbabwe Stock Exchange mainstream index crashed today, dropping 7.46 percent to 487.93 points while the market saw its market value falling by $1 billion as political tensions remain high after a military takeover of the country.
World over, the idea of the military usurping power from a democratically elected government has been frowned upon.
Along with the early morning mist, a mood of quiet elation enveloped Harare as news spread that President Mugabe was under house arrest During the night of 14-15 November Zimbabwe Defence Forces soldiers were posted to strategic points in the capital, such as the police headquarters, the Central Intelligence Organisation, the Zimbabwe Broadcasting Corporation and The Herald newspaper.
The twitter handle allegedly being run the provisional government says Emmerson Mnangagwa will address the nation soon as acting president.
Movement for Democratic Change leader Morgan Tsvangirai has today called for a negotiated all-inclusive transitional authority to run the country.
A twitter handle claiming to be speaking on behalf of the provisional government of Zimbabwe says President Robert Mugabe has agreed to step down and a new government will be formed within the next 48 hours.