Zimbabwe

MDC rebuffs Mugabe's proposal to share power on his terms

MDC rebuffs Mugabe's proposal to share power on his terms Harare - Zimbabwe's opposition Movement for Democratic Change (MDC) on Friday said it would not participate in a government of national unity with President Robert Mugabe unless he met the party's conditions for sharing power.

Addressing journalists in Harare after a key party meeting, MDC vice president Thokozani Khupe said the MDC would not govern together with Mugabe unless the constitution was first amended to enshrine party leader Morgan Tsvangirai's powers as prime minister.

Zimbabwe hyperinflation: World record expected within six weeks''

ZimbabweLondon, Nov. 14 : Inflation levels in Zimbabwe are running at 13.2 billion per cent a month and could reach an all-time world record within weeks, reports The Telegraph.

The latest figures put the country''s annual rate at 516 quintillion per cent – 516 followed by 18 zeros – overtaking Yugoslavia in 1994 and putting it behind only Hungary in 1946.

With goods unavailable and official statistics widely distrusted, the Cato Institute in Washington calculated the figures based on exchange rate movements and market data.

Zimbabwe central bank allows bank transfers as cash runs out

Deadly cholera outbreak: Zimbabwe's latest afflictionHarare - A month after he suspended the payment system, Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has decided to permit bank transfers to ease demand for cash, state media reported Thursday.

Zimbabwe is experiencing an acute shortage of cash, among other basics, including food and fuel. The situation has forced people to resort to use plastic money for transactions.

Cash-strapped Zimbabwe puts COMESA summit on ice - again

Cash-strapped Zimbabwe puts COMESA summit on ice - agaiHarare  - A summit of the Common Market for Eastern and Southern Africa (COMESA) due to take place in Zimbabwe has been postponed for the second time this year, fuelling speculation the cash-strapped country cannot afford to host it.

The 13th summit of the 19-nation COMESA, which had been scheduled to take place from November 25 to December 8 in the resort town of Victoria Falls has been postponed to next year, Zimbabwe's government announced in a statement dated Wednesday.

Zimbabwe ruling party calls for unity government without opposition

Harare/Johannesburg  - Zimbabwe's President Robert Mugabe has been asked by his ZANU(PF) party on Wednesday to form a government of national unity even if the opposition does not want to be involved.

Addressing journalists in the Zimbabwean capital Harare, ZANU(PF) spokesman Ephraim Masawi said "the Zanu politburo unanimously agreed that President Mugabe form a government of national unity like yesterday. This is in conformity with the SADC (Southern African Development Community) resolution reached over the weekend."

This latest development is likely to further strain relations between ZANU(PF) and the opposition Movement for Democratic Change (MDC).

WFP says appeal for Zimbabwe's hungry received no funding

World Food ProgrammeGeneva - A World Food Programme (WFP) appeal issued last month for 140 million dollars to help feed a growing portion of Zimbabwe's population has gone completely unfunded, a UN spokesperson said Tuesday.

"So far we have received none of the funding, zero," said WFP spokeswoman Emilia Casella .

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