Zimbabwe has ‘poor’ investor protection policies – World Bank

IMBABWE has very poor investment protection policies says a report published by the Washington-DC-based World Bank.

IMBABWE has very poor investment protection policies says a report published by the Washington-DC-based World Bank.

Prime Minister Morgan Tsvangirai’s Movement For Democratic Change(MDC) has fired Masvingo mayor, Alderman Femius Chakabuda from the party for having links to Zanu-PF, corruption and insubordination.

Zimbabwe’s newly appointed media regulator is yet to start operations, leaving the country’s journalism fraternity in a state of limbo amid confusion over the accreditation of players in the industry.

The copy of an “Offer” shown below, substantiates the reports coming from Chipinge. It proves that Magistrate Zuze cannot be impartial and should have passed this case to another. He cannot rule on an offence when he will be a direct beneficiary of the outcome.

Sandra Nyaira | Washington 29 January 2010
Each constitutional outreach team will have a reporting group representing the three unity government parties, with one to serve as primary rapporteur while the other two will verify the reports of public meetings
Zimbabwe’s constitutional revision process was back on track Friday following a compromise between the three parties in [...]

The prime minister’s spokesman James Maridadi told SW Radio Africa in London that Tsvangirai spent much of the last 24 hours in consultations with senior MDC party members on the way forward following ZANU PF’s latest ultimatum.

This week on Behind the Headlines, SW Radio Africa journalist Lance Guma speaks to MDC spokesman Nelson Chamisa about this development. Chamisa tells the programme the coalition agreement does not put sole responsibility on the MDC to call for the removal of the measures, but says it is meant to be a collective effort, and ZANU PF must also play their part.

The embattled Zimbabwe Reserve Bank has defaulted on a Bond repayment to Caledonia Mining Corporation, the owners of Blanket mine amid reports that the Central Bank is broke and struggling to pay its workers.

The saga for succession to Robert Mugabe has gone for too long. The incumbent’s argument that he cannot retire because ZANU PF is riddled with factionalism on tribal basis is ridiculous and should be dismissed with the contempt it deserves.Instead Mugabe should have shown leadership and courage by rising above this petty argument and relinquish reins for someone to carry-on.

Over 300 MP’s and Senators will rake in between US$65 and US$300 per day in allowances for participating in a 65 day outreach programme that is meant to collect people’s views on a new constitution. Last week we reported how the process had been suspended because of squabbles over funding and the composition of a team of rapporteurs who will gather public opinion.