A LETTER FROM ZIMBABWE BY Cathy Buckle
ZIMBABWE has started exporting electricity to regional countries especially Namibia, buoyed by increased production at the Kariba Power Station which came into life in March last year.
President Mnangagwa commissioned Unit 7 and 8, which were constructed at a cost of $531 million by China’s Sinohydro, resulting in an additional 300MW into the national grid. The Zimbabwe Power Company (ZPC) has confirmed that the new project has resulted in the country generating above target and exporting the excess power to NamPower, Namibia’s power utility company.
Nearly $1m (£914,000) in cash was stolen from a briefcase belonging to Zimbabwe’s former President Robert Mugabe, the state-owned Herald newspaper reports.
Three people appeared in court earlier this month accused of stealing a suitcase containing $150,000.
But according to “updated court documents” seen by the Herald, Mr Mugabe says he lost much more.
Mr Mugabe, now 94, was forced out of office by Zimbabwe’s military in 2017.
Up to that point, he had been in power for 37 years, first as prime minister and later as president.
Zimbabwe secured a $500 million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said.
Country’s central bank said it secured $500 million loan
Loan will be used to stabilize’s Zimbabwe’s currency market
The Southern African country secured a $500 million loan from the African Export-Import Bank to stabilize its tottering currency market by offering platinum production as collateral, sources say.
President Mnangagwa in a 30 second rant that has gone viral and has been widely interpreted to mean only his ZanuPF party is Independent while the rest of Zimbabweans are not, has sparked outrage among netizens.
The video appears not to be recent but that has not stopped a barrage of emotion and disdain for the Zimbabwean leader by his fellow countrymen.
“We must be respected. We are the majority, we are the people, we are the Government, we are the army, we are the air force, we are the police we are everything you can think of, we determine who can do mining in Zimbabwe, we determine who can construct a railway line in Zimbabwe, we determine who can build a road in Zimbabwe, no other party can do so,” thunders Mnangagwa to wild applause.