This Week In His­tory

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Pres­i­dent names, shames loot­ers

PRES­I­DENT Mnan­gagwa yes­ter­day named and shamed cor­po­rates and in­di­vid­u­als that failed to re­turn nearly $1 bil­lion they ex­ter­nalised in the past years, de­spite Govern­ment giv­ing them a three-month amnesty.

The mora­to­rium, which be­gan on De­cem­ber 1 last year, ex­pired last Fri­day.

This saw Pres­i­dent Mnan­gagwa pub­lish­ing a list with 1 844 ex­ter­nalis­ers and most of the loot­ers are in min­ing, agri­cul­ture, man­u­fac­tur­ing and cross bor­der freight. From $1,4 bil­lion that was ex­ter­nalised, $591,1 mil­lion was re­cov­ered un­der the amnesty, while $826,5 mil­lion is out­stand­ing.

The money was looted through non-repa­tri­a­tion of ex­port pro­ceeds, pay­ment of im­ports not re­ceived in Zim­babwe and funds banked in for­eign banks in cash or un­der spu­ri­ous cir­cum­stances. - The Her­ald.

EU poll team gets down to busi­ness

THE Euro­pean Union ( EU) elec­tion ex­ploratory team got down to busi­ness yes­ter­day, meet­ing Chief Jus­tice Luke Mal­aba and Sec­re­tary for For­eign Af­fairs and In­ter­na­tional Trade Am­bas­sador Joey Bimha as part of its pre-elec­tion as­sess­ment.

The polls are ex­pected to be held by the end of July.

Pres­i­dent Mnan­gagwa has opened up elec­toral pro­cesses to en­sure cred­i­ble, free and fair elec­tions, a move that has seen Govern­ment invit­ing the EU to ob­serve the elec­tions for the first time in 16 years.

Govern­ment has also granted other in­ter­na­tional ob­servers, in­clud­ing the United Na­tions ( UN), the nod to mon­i­tor the elec­tions. – The Her­ald.

Zim in­vestor con­fi­dence grows

IN­VESTOR con­fi­dence to­wards Zim­babwe has grown pos­i­tively un­der the ad­min­is­tra­tion of Pres­i­dent Mnan­gagwa, a re­cent poll by re­spected

US con­sul­tancy firm Fron­tier Strat­egy Group has re­vealed.

Zim­babwe, the con­sul­tancy firm said, had jumped to fourth on the list of coun­tries in South­ern Africa where Africa-fo­cused lead­ers of multi­na­tional firms see the best op­por­tu­ni­ties whereas un­der the Mu­gabe ad­min­is­tra­tion, Zim­babwe did not fea­ture at all as an in­vest­ment des­ti­na­tion.

Since as­sum­ing of­fice, Pres­i­dent Mnan­gagwa has burnt the mid­night oil to im­prove the ease of do­ing busi­ness in Zim­babwe and mar­ket the coun­try as an at­trac­tive in­vest­ment des­ti­na­tion, a de­vel­op­ment that even those of hon­est dis­po­si­tion in MDC-T have lauded. — The Her­ald.

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