Professor Gift Mugano: "Yesterday (15 April 2024), Honourable Christopher Mutsvangwa held a press conference and as usual he went on rampage calling me all sorts of names because I raised reservations on the new currency [Zimbabwe Gold (ZiG)]. I thought that it is fair that I provide a breakdown of the reasons why the ZiG will fail. The ZiG will not be killed by Gift Mugano’s negativity as Amb Mutsvangwa would like to insinuate but by massive policy missteps mainly by the Reserve Bank of Zimbabwe and Treasury as well as the absence of structural policies."
By Gift Mugano (PhD)
I carefully read the CCC manifesto launched by Nelson Chamisa yesterday.
This manifesto addresses the root causes affecting our economy which I empathetically raised over the years with no takers!
I will not attempt to summarise the manifesto but will share major highlights centred on governance and the economy.
Zimbabwe's Murowa Diamond Mine has entered corporate rescue, freezing legal action by creditors as authorities race to stabilise one of the country's key diamond producers.
Mutapa Gold Resources is investing US$212 million to dramatically increase gold production as Zimbabwe ramps up bullion output to strengthen the ZiG currency.
A horrific fire at a foster care home in Algeria's capital has killed 11 people, including children, leaving 19 injured and sparking demands for an independent investigation.
Zimbabwe has ruled out retaliating against South Africa by expelling South African citizens, insisting it will uphold Ubuntu while assisting thousands of returning Zimbabweans.
