Barclays to sell final Africa stake
have led a military operation against those seen as opponents of Mr Mugabe in Matabeleland in the early 1980s.
The operation, led by the North-korean trained Fifth Brigade of the army, resulted in the killing of an estimated 20,000 civilians.
As lands minister, he will presumably be in charge of Zimbabwe’s controversial land reform programme.
The programme led to the seizure of thousands of farms owned by the white minority. Critics say this wrecked Zimbabwe’s once thriving economy and millions of Zimbabweans left the country to find work elsewhere.
Other leaders of the powerful War Veterans’ Association, who pushed for Mr Mugabe to go after the military intervention, also got Cabinet jobs.
Chris Mutsvangwa, who heads the group, is now the information minister.
The two new vice-presidents have not been appointed yet.
The BBC’S Shingai Nyoka in Harare says all eyes are on the general who led the military takeover, Gen Constantino Chiwenga.
Zimbabwean commentators are waiting to see whether he will be rewarded with a vicepresidency.
A SPECIAL CORRESPONDENT
BARCLAYS WILL sell a seven per cent stake in Johannesburgbased Barclays Africa Group on December 5, the British bank said on Friday, the latest and probably last in a series of such sales, as it ends more than 90 years as a major presence on the continent.
Barclays said after the sale its stake in the African division would be 14.9 per cent — which represents its desired longterm goal. No further sales are planned.
The British bank first announced in March 2016 that it would sell most of its then 62 per cent stake in Barclays Africa over two to three years, as the bank refocused its strategy on the US and the UK under chief executive Jes Staley.
“This news should be warmly received by shareholders and is a further step along the path to eliminating non-core activities as the management focuses on its UK business,” John Cronin, financial analyst at Dublin-based brokerage Goodbody, said.
Shares in Barclays Africa have risen by 9.7 per cent since Barclays announced it would sell the unit in March 2016.
Zimbabwe War Veterans’ association chairman Chris Mutsvangwa at a press conference on November 21 in Harare. He is now the minister for information..
Barclays Kenya CEO Jeremy Awori.