HARARE, Zimbabwe (Reuters) - Zimbabwe's President Robert Mugabe on Saturday threatened to act against companies from Western countries that have imposed sanctions on his party over suspected election...
Zimbabwean Prime Minister Morgan Tsvangirai called Wednesday’s presidential and parliamentary vote a “sham election” and said the results may threaten stability in the southern African nation.
“This election has been a huge farce,” he told reporters today in Harare, the capital. “The shoddy manner in which it was conducted and the consequent illegitimacy of the result will plunge this country into a serious crisis.”
For more than 20 years, Beatrice Mtetwa has fought for freedom in Robert Mugabe’s Zimbabwe.
It’s a battle that has pitched the human rights lawyer against the aging leader and his state-wide apparatus of terror and intimidation.
Like the politicians, journalists and activists she often defends, Ms. Mtetwa has been the target of intimidation, beatings and now imprisonment.
The country which over the past decade is most synonymous with "financial innovation" of the less than desirable kind, such as hyperinflation, complete currency and economic collapse and wholesale property confiscation, has just taken financial central-planning brilliance to the next level and following dictator Robert Mugabe's "reelection" has announced plans to open a new and "racially exclusive" stock exchange, allowing blacks alone to trade.
When it comes to political rhetoric, no one can top the un-filtered awesomeness of 89-year-old Robert "we are delivering democracy on a platter" Mugabe. Following his 61% of the vote winning election at the end of July, Sky News reports that Mugabe's first public speech was full of his typically defiant pith.
It seems every bubble is coming back. 5 Years after Zimbabwe abandoned the Zim Dollar (in favor of the US Dollar) after inflation surged to 500 billion percent the year before (according to the IMF), Bloomberg reports that Robert Mugabe's ruling party is considering reintroducing the local currency as it struggles to meet its monthly wage bill.
Robert Mugabe's re-election as president of Zimbabwe last week raised concerns for many economists who believe the country's foreign investment will greatly diminish under the 89-year-old's economic policies.
Those concerns took on greater significance Monday when the nation’s stock market suffered its largest one-day decline since 2009.
Harare-based economist John Robertson believes the hopes of business leaders there were quashed when Mugabe took a 61 percent majority of votes ...