Finance Minister Patrick Chinamasa today said Zimbabwe is planning to set up a Sovereign Wealth Fund but it may not have the capital to kick it off as it plans to improve the country’s crumbling infrastructure first.
Twenty-one people were killed when an ethanol tanker exploded into flames after it was side-swiped by a Mazda T35 truck carrying a coffin and 30 mourners in Chisumbanje.
Reports today said the Zimbabwe African National Union-Patriotic Front was helped by the Chinese Communist Party and Israeli company Nikuv International to rig the 31 July elections.
Britain gave £82 million to support the poorest people in Zimbabwe last year but the money was not channelled through the government because of Zimbabwe’s lack of commitment to Britain’s partnership principles, Under Secretary for International Development Lynne Featherstone said today.
Zimbabwe has the potential to become the fastest growing economy in Africa over the next seven years according to Harvard University professor Ricardo Hausmann.
President Robert Mugabe today said that his cabinet ministers have become so rich that they cannot stick to one wife.
Movement for Democratic Change leader Morgan Tsvangirai today said senior Zimbabwe African National Union-Patriotic Front leaders and military generals smuggled 30 000 carats of diamonds in April and May to raise funds which they used to steal the 31 July elections.