Zimbabwe’s financial sector could come under great strain if government defaults on honouring maturing treasury bills, with local banks facing undercapitalisation and the economy facing a recession.
President Robert Mugabe, who was last week appointed the World Health Organisation’s goodwill ambassador resulting in an outcry which saw the appointment being revoked four days later, says he was never formally appointed and would have turned the appointment anyway because it would have been against the interests of Zimbabwe.
The Movement for Democratic Change led by Morgan Tsvangirai has complained that Zimbabwe African National Union-Patriotic Front thugs beat up its supporters who were on a door-to-door voter registration campaign in Unit N, Chitungwiza at the weekend.
Zimbabwe’s telcos revenue in the quarter to June increased by 3.2 percent to $185.6 million from $179.8 million recorded in the previous quarter, the industry regulator has said.
Zimbabwe’s Foreign Minister Walter Mzembi says Zimbabwean President Robert Mugabe will carry on with his passion to address non-communicable diseases despite the revoking of his goodwill ambassador appointment by the World Health Organisation.