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HARARE – A woman who once accused her husband of raping her has walked into a police station and accused Movement for Democratic Change (MDC) leader Nelson Chamisa of rape, ZimLive can reveal. Police have […]
MDC leader Nelson Chamisa has been accused of rape by a Harare woman who claims the opposition leader “emerged from nowhere” and committed the abuse against her in her Norton home. Social media was awash […]
The Law and Order section has denied arresting Hon Joanna Mamombe who was abducted this morning in Nyanga while on parliamentary business. Source: Abduction of Hon Mamombe and Arrest of Hon Sithole concerns MDC Caucus – The Zimbabwean Prosper C. Mutseyami A team of about eight henchmen who snatched Hon Mamombe Boko Haram style claimed […]
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The Law and Order section has denied arresting Hon Joanna Mamombe who was abducted this morning in Nyanga while on parliamentary business.
Source: Abduction of Hon Mamombe and Arrest of Hon Sithole concerns MDC Caucus – The Zimbabwean
Prosper C. Mutseyami
A team of about eight henchmen who snatched Hon Mamombe Boko Haram style claimed to be from police law and order section were driving a Toyota Fortuner registration number ACI 4582. Honorable Joanna Mamombe had been in Nyanga for Parliamentary business since the 24th of February.
This is a result of Zanu PF military polical settlement which has seen them create vigilante groups and vested powers of the state to these killer units resulting in deaths of at least 17 people in January and 7 others on 1 August 2018.
An Honorable Member has privileges they must enjoy whilst on parliamentary business.
While in Nyanga, suspected security officers visited Hon Mamombe’s parents home in Glenorah at midnight in search of her, harassing everyone and intruding into personal privacy of innocent people.
Yesterday, another arrest was effected on Hon Godfrey Sithole who surrendered himself to the police. He appears in court today.
The regime’s disdain towards upholding fundamental human rights is reflected in these barbaric acts. The manner the operation was done sends shivers down the spine of the ordinary civilians. It is a sad incident reflecting retrogression in our Constitutional Democracy against reform pretence by Mr Mnangagwa.
The MDC caucus strongly condemns the abduction and arrest of Hon Mamombe and Hon Sithole. When members of Parliament are harrassed and their rights violated in that manner it means the ordinary citizens are worse off. In general acts of torture, arbitrary arrests on trumped up charges, mass trials and conviction are of concern to the MDC caucus.
Our prayer is for the country to enjoy peace and harmony.
We will keep fighting for everyone to enjoy their fundamental rights as enshrined in our constitution.
Behold The New. Change That Delivers!
Hon Prosper C. Mutseyami
MDC Parliamentary Chief Whip
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Source: Tobacco to increase forex inflows | The Herald March 2, 2019 Ellen Chasokela Herald Reporter Foreign currency inflows into the country are set to improve next month, with the Tobacco Industry and Marketing Board (TIMB) having indicated that the 2019 tobacco marketing season will open on March 21. TIMB has so far recorded a […]
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Source: Tobacco to increase forex inflows | The Herald March 2, 2019
Ellen Chasokela Herald Reporter
Foreign currency inflows into the country are set to improve next month, with the Tobacco Industry and Marketing Board (TIMB) having indicated that the 2019 tobacco marketing season will open on March 21.TIMB has so far recorded a 44 percent increase in farmers who have registered for the season to 170 169 farmers from 118 142 last year. Of the 170 842 registered growers, 41 552 are new.
Farmers last year delivered a record 252 million kilogrammes of flue-cured tobacco worth $737,2 million. This was after Government came up with an input and infrastructural support scheme that was handled by Agribank and TIMB. The previous record was 237 million kg, which was achieved in 2000. TIMB corporate communications manager Mr Isheunesu Moyo said preparations for the marketing season were progressing well and they had so far licensed 30 contractors and 31 buyers. He said they were still carrying out crop assessment and would soon complete the last phase of the assessment.
“Preparations for the 2019 marketing season are underway and we will soon complete the crop assessment,” he said. “We have 31 registered contractors this season and 31 buyers.”
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Source: Zimbabwe Devaluation Sees Return of Market Sense, But Only Some – Bloomberg Quasi currencies have fallen to 2.5 to the dollar in past week Central bank ended dollar parity for the currencies on Feb. 20 Zimbabwe’s currency devaluation last week has led to a more realistic exchange rate, yet thin trading implies the new […]
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Source: Zimbabwe Devaluation Sees Return of Market Sense, But Only Some – Bloomberg
Zimbabwe’s currency devaluation last week has led to a more realistic exchange rate, yet thin trading implies the new official interbank market isn’t as free as officials suggested.
The central bank announced on Feb. 20 that its quasi-currencies — bond notes and their electronic equivalent — would no longer be valued at parity to the dollar and would be traded on an official interbank market.
Since then, the bond notes, now known as RTGS dollars, have weakened to 2.5 against the greenback, while the black market rate has appreciated almost 9 percent to 3.36 per dollar, according to marketwatch.co.zw, a website run by financial analysts in Harare. The tight trading band on the interbank market — rates have ranged between 2.5001 to 2.5042 this week — indicates trading isn’t totally free. The RBZ seems to be the only supplier of dollars, with just $7.7 million traded as of Thursday, a person familiar with the matter said.
There’s also been some improvement, again modest, with equities.
The dollar squeeze roiled the stock market, with locals piling into it to hedge against inflation, which is officially 57 percent but may be as high as 270 percent, according to Steve H. Hanke, a professor of applied economics at Johns Hopkins University in Baltimore. That caused foreign investors such as Cape Town-based Allan Gray Ltd. — which struggle to get their money out of the country because of capital controls — to write down their holdings to more realistic levels. They measure how out of whack prices are by taking the difference between the Harare and London shares of Old Mutual Ltd., Africa’s largest insurer.
The Harare stock has sunk 18 percent this week to $7.50, which in Zimbabwe’s skewed markets is a sign that the liquidity crisis is easing. It’s now 4.5 times the price of that in London, when converted to dollars, down from 6.3 in January.
Investors won’t be confident the foreign-exchange crisis is over until Zimbabwe’s formal and informal currency rates and the so-called Old Mutual implied rate all converge.
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