Friday, 30 April 2010

Zimbabwe police to mine diamonds

Diamonds are forever: Zimbabwe Republic Police Commissioner-General, Augustine Chihuri.

As I indicated in the piece below, Zimbabwe's security chiefs have made further moves to secure their corporate interests in the vast alluvial diamond fields of Chiadzwa in the country's southeastern district of Chimanimani. Curiously, the Zimbabwe Republic Police has set up a mining company and applied for a licence to begin operations there.

Read the full story.

Monday, 26 April 2010

What's Zanu PF's game plan?

Iranian President Ahmadinejad, pictured here with President Mugabe, officially opened Zimbabwe's international trade fair in Bulawayo last week.

The announcement by the Zimbabwean Government to target mining companies first in the indigenisation process appears to point to a plan by President Robert Mugabe's Zanu PF party to strip western companies of control of these resources and place them in the hands of favoured Eastern allies. This was followed by news of a uranium deal signed between Zimbabwe and Iran last week following President Mahmoud Ahmadinejad's visit to Harare last week. The Russians have already been given prospecting rights to the new diamond fields in Chimanimani and Chipinge, and one can already see the same happening to other mineral concerns.

Friday, 9 April 2010

Julius Malema's infamous rant at BBC journalist

Watch the unhinged ANC Youth League president's performance at a press conference following his return from Zimbabwe:

Wednesday, 7 April 2010

Battle lines drawn in Zimbabwe’s indigenisation crusade

ZIMBABWE’s central bank has issued a withering attack on President Robert Mugabe’s economic indigenisation programme, calling it a ‘reckless’ initiative championed by ‘vultures’. Reserve Bank of Zimbabwe (RBZ) governor, Gideon Gono (pictured, left) believes that the “indigenisation crusade is being championed by a number of senior and well-connected personalities who are already positioning themselves to muscle into certain mining, manufacturing, banking and other entities that are currently performing well.”

Gono’s uncharacteristically harsh verdict on a policy that Mugabe sees as his swan song has exposed the festering conflicts within the octogenarian leader’s Zanu PF party over the controversial regulations. The programme is being driven by Youth Development and Indigenisation Minister Saviour Kasukuwere, a rising star in Mugabe’s party who built his sprawling business empire as a black empowerment crusader in the 1990s. Kasukuwere’s gung-ho style has stoked sharp disputes with Prime Minister Morgan Tsvangirai and his MDC colleagues in the unity government.

Tuesday, 6 April 2010

Julius Malema's trip to Harare

ZANU PF must have felt a deep sense of smugness over Julius Malema's visit to Harare last week. The delinquent leader of South Africa's ruling ANC party addressed several rallies with Zanu PF officials before meeting with President Robert Mugabe. For the octogenarian leader, Malema's endorsement of his empowerment policies, the latest of which is a grab of the majority stake in all foreign-owned companies and those owned by local whites in Zimbabwe that are worth half a million US dollars and upwards, must have come as much-craved validation of his self-professed role as Southern Africa's foremost liberation leader. Apparently Malema is in Zimbabwe to study Mugabe's nationalisation and empowerment policies.