President Mugabe |

Zimbabwe’s Ousted Vice President Flees After Death Threats

HARARE (Capital Markets in Africa) – Former Zimbabwean Vice President Emmerson Mnangagwa fled the southern African nation because of “incessant threats” against him and his family two days after he was fired by President Robert Mugabe. Mnangagwa, 75, said Wednesday in a statement that he never planned to harm Mugabe, who he’s been supporting for more than four decades, and pledged to work to establish a “new and progressive leadership” in the ruling Zimbabwe African National Union-Patriotic Front….

Mugabe Dents Deputy’s Leadership Bid in Zimbabwe Cabinet Change

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean President Robert Mugabe replaced his finance minister in a cabinet reshuffle that weakened his vice president, who’s considered one of the main contenders to succeed him as leader of the southern African nation. Mugabe, 93, removed Patrick Chinamasa as finance minister, giving him a new cyber-security portfolio and stripped Vice President Emmerson Mnangagwa of his position as justice minister. Chinamasa was replaced by former Home Affairs Minister Ignatius Chombo, while the justice portfolio was given…

Mugabe’s New Round of Money Printing Traps Mobius in Zimbabwe

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Robert Mugabe’s latest economic experiment is making Zimbabwe’s stocks the world’s best performers for all the wrong reasons. And there’s little foreign investors like Franklin Templeton, JPMorgan Chase & Co. and Allan Gray can do to escape: it’s practically impossible for them to pull out their money. Economic chaos has been a regular feature of investing under Mugabe’s 37-year reign because he frequently blindsides markets with policies that have devastating…

President Mugabe’s Party Is Said to Consider Early Zimbabwe Elections

Posted on by The Editorial Team

HARARE (Capital Markets in Africa ) -Zimbabwe’s ruling party is considering calling elections early next year out of concern that President Robert Mugabe’s health is worsening and disputes among his supporters could galvanize opposition efforts to form an alliance, three officials familiar with the government’s plans said. While general elections must be held constitutionally by Aug. 21 in 2018, the Zimbabwe African National Union-Patriotic Front’s chances of maintaining its more than three-decade grip on power will…

« 1 2