Zimbabwe: Mujuru rejects pension

Published September 2, 2015 by godshope1971

FORMER Vice-President Joice Mujuru has reportedly turned down a government pension and retirement benefits offered to her by President Robert Mugabe, claiming she does not want to be politically tied to Zanu PF, an indicator she could be ready to return to mainstream politics.

Mugabe three weeks ago gazetted pension and terminal benefits for former Vice-Presidents in a move widely believed to be aimed at “politically containing” Mujuru, who has been linked to a new political outfit, People First, which comprises ex-Zanu PF members.

Contacted by NewsDay yesterday Mujuru cryptically said: “Thats water under the bridge, nothing to tie me to anything.” ∞∞∞∞∞ MORE »»»»

Zimbabwe: ND So if youths can’t participate freely in discussing succession as you have said, what is their role in the matter as it is about their future as well?

Published September 2, 2015 by godshope1971

FF: Zimbabwe was liberated by youths, people like [Oppah] Muchinguri went to war when she was only nine, people like [VP Emmerson] Mnangagwa went to war when they were teenagers, I think the youths should bring direction to the party now and have a vision to build the economy, let’s unite and stick to the values of unity, peace and development. We will have a better Zanu PF than we have at the moment. ∞∞∞∞∞ MORE »»»»

Zimbabwe: ND How exactly are you linked to Zanu PF?

Published September 2, 2015 by godshope1971

FF: The way I joined Zanu PF is a story on its own. I joined the party when I was still 14 years of age. At that time I could not have a party card. I had a debate with other leaders then and later they agreed to get me a party card. I was introduced into politics by the late Cde Eddison Zvobgo when I was still a student at Allan Wilson High School. He saw some political potential in me and handed me over to Harare province around 1997/8 where I had the opportunity to interact with senior guys in the army and I had exposure to powerful men in politics. After that I moved to Bulawayo and was once elected into the district co-ordinating committee [youth affairs] and it was before the disbandment of the DCCs. I was later appointed deputy chairperson of the national youth advisory board that advised Cde Saviour Kasukuwere [then Minister of Youth, Indigenisation and Economic Empowerment] and the inclusion of persons with disabilities.
I was appointed special interest councillor in Bulawayo representing persons with disabilities. Recently, I was part on the organising committee in the Office of the President and Cabinet under the disability desk in Retired Brigadier Felix Muchemwa’s Office and organised the national disability expo. ∞∞∞∞∞ MORE »»»»

Zimbabwe: Govt to introduce new audit systems

Published September 2, 2015 by godshope1971

GOVERNMENT will soon introduce a raft of new audit systems in parastatals to plug holes and stop revenue leakages, NewsDay has learnt.

Finance, Economic Planning and Investment Promotion secretary Desire Sibanda told stakeholders attending the inaugural summer school on mineral resource governance in Harare yesterday that legislators would also be roped in to ensure they effectively play their oversight role.

“Government is working on introducing effective audits or value for money audits of State-owned enterprises including those operating in the extractive industries sector,” Sibanda said. ∞∞∞∞∞ MORE »»»»

Zimbabwe: ND A lot has been said about you, but not much is known about your personal life. Who is Fidelis Fengu?

Published September 2, 2015 by godshope1971

FF: Fidelis is a young simple gentleman. I studied in Malawi and attained a high level understanding and skill in media and society studies and then I also went to Romania where I did studies in public administration, that is me on the academic side. A second child in a family of four and I come from a place called Silobela in the Midlands region, home to Vice-President Emmerson Mnangagwa. I grew up in Gweru and later went to Bulawayo before relocating to Malawi and then back to Zimbabwe in 2010. ∞∞∞∞∞ MORE »»»»

Ukraine: Ukraine’s parliament shows cracks over devolving powers

Published September 2, 2015 by godshope1971

KIEV, Ukraine — Ukraine’s parliament majority showed cracks Tuesday after a right-wing party said it was leaving the coalition over a measure to give more power to Ukraine’s regions, including the rebel-held east.

The announcement from the Radical Party, which came in fifth in last year’s election, came as two more National Guard officers died from injuries suffered in a grenade explosion, bringing the death toll to three from Monday’s clashes between nationalists and police outside Ukraine’s parliament.

About 140 people were hospitalized following the violence, most of them law enforcement officers, the Interior Ministry said. ∞∞∞∞∞ MORE »»»»

China: FRAGILE CHINA

Published September 2, 2015 by godshope1971

The head of the International Monetary Fund, Christine Lagarde, summed up the global outlook in a speech in Indonesia, where she said global economic growth was now likely to be weaker than had been expected just a few months ago.

She cited a slower recovery in major advanced economies and a further slowdown in emerging nations and highlighted the need to “be vigilant for spillovers” from China’s stutters.

In the metals markets, benchmark copper CMCU3 on the London Metal Exchange ended at $5,067 a tonne, down 1.3 percent from Friday’s close, as markets reopened after a long holiday weekend.

Gold rose 1 percent as the dollar and global equities dropped. Spot gold XAU= rose to a session high of $1,147.16 an ounce. ∞∞∞∞∞ MORE »»»»

Zimbabwe: Govt set to take over Cottco

Published September 2, 2015 by godshope1971

Government is set to take over the majority shareholding in Cottco Holdings through a debt-equity swap, sources familiar with the scheme said. The scheme will allow the conversion of high interest debt of about $56 million plus using bad debt-buying unit Zamco, to lower interest Treasury Bills, thus easing the debt burden which has been straining operations of the company.

The Government, through the National Social Security Authority already holds about 22 percent in the firm. Cottco applied for provisional judicial management in November last year but suspended the move after the company and creditors, mainly banks, agreed for a scheme which would have resulted in debt-equity swap.

“The plan is for the Government to assume Cottco’s debt and become majority shareholder in the company,” said one source. “Being the majority shareholders, Government will recapitalise the business.” ∞∞∞∞∞ MORE »»»»

Ukraine: NATO launches ‘Sea Breeze-2015’ maritime drills in Black Sea

Published September 2, 2015 by godshope1971

Published on Aug 31, 2015

Eleven countries sent military forces to take part in the ‘Sea Breeze-2015’ military drills launched by NATO and Ukraine in the Black Sea city of Mykolaiv, Monday.

The Sea Breeze-2015 exercises involve air, land and naval forces but focus mainly on maritime exercises conducted in the Black Sea, off the coast of Odessa. Anti-submarine warfare, air defense, search and rescue, interdiction, self-defense against small boat attacks and other tactical manoeuvres are expected to be practiced. According to Ukraine’s Defense Ministry, about 90 vehicles will be used to rehearse a multinational security operation in a crisis region.

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