Elections will scare away investors and slow down Zimbabwe’s economic recovery if they are held next year because the climate is not conducive a London-based organisation said today. Business Monitor International said real growth for this year will be 5.4 percent and this will slow down to 4.9 percent next year.
Former United States ambassador to Zimbabwe, Christopher Dell, told the State Department just before his departure in July 2007 to stay the course and prepare for change because the end was nigh for President Robert Mugabe.
Zimbabwe should speed up the promulgation of the Diamond Act because diamonds can make a decisive difference for the country. This can be a positive difference where the country’s gross domestic product will increase as a result of greater transparency and accountability of diamond resources to the State.
South African President Jacob Zuma today said the standoff in the power-sharing government in Zimbabwe has been resolved.
Movement for Democratic Change-Tsvangirai treasurer Roy Bennett has challenged High Court Judge Justice Chinembiri Bhunu to disclose the number of farms he received under President Robert Mugabe’s land redistribution programme. Reports said today Bennett wanted the information in connection with his case in which Bhunu is suing him for $1 million for defamation.