Zimbabwe today hiked mining exploration fees by almost 2 000 percent to $1 million in a bid to curb speculation.
Events in the troubled smaller faction of the Movement for Democratic Change took another twist today when ousted President Arthur Mutambara, who said on Monday he was not going to step down as Deputy Prime Minister, declared himself the president of the party and fired newly elected president Welshman Ncube.
Britain was so optimistic two days before a United Nations Security Council meeting in July 2008 that China and Russia would support a resolution to impose sanctions on Zimbabwe that Prime Minister Gordon Brown felt that his “nose had been bloodied” by the Russians when they vetoed the resolution.
Deputy Prime Minister Arthur Mutambara says he is not quitting his post though he was replaced as party leader by secretary Welshman Ncube.
Leader of the smaller faction of the Movement for Democratic Change Welshman Ncube today met President Robert Mugabe and was reportedly told that ousted leader Arthur Mutambara would remain Deputy prime Minister.
Mining companies operating in Africa are being granted too many tax subsidies and concessions; and there is a high incidence of tax avoidance by the mining companies which are protected by secret mining contracts, corporate mergers and acquisitions, and various creative accounting mechanisms, according to a study by Southern Africa Resource Watch.