HARARE Zimbabwe (Xinhua) --
Zimbabwean President Robert Mugabe on
Thursday accused some unnamed officials in his ruling
ZANU-PF party of trying to trigger economic havoc as a
ploy to effect regime change and oust him.
the recent price increases of some basic commodities and
manipulation of currencies on the market was meant to
incite people to rise up against the government.
those who are manipulating the currency so they can
trigger inflation and cause panic buying. Those people
are saboteurs and they are amongst us, they are like
Judas Iscariot who betrayed Jesus. They are among us and
let us expose and shame them,” Mugabe said while burying
Maria Msika, the widow of former Vice President Joseph
Msika at the National Heroes Acre in Harare.
the people pushing for economic chaos wanted to push him
out of power but he vowed that he was not going anywhere
He said he
was put into the position by people and it will be the
people again who will choose his successor when he
decides to step down.
“I did not
take the position by force. When the time comes, the
people will choose who they want to succeed me but for
now I am fully and firmly still in charge,” Mugabe said.
His party is
battling intense infighting by factions vying to succeed
him even though the veteran leader has been endorsed by
his party as its presidential candidate in next year’s
polls when he will be 94.
days, Zimbabwe has witnessed a spate of price increases
of some basic commodities, with retailers citing foreign
rumors at the weekend claiming imminent shortages of
basic goods also fueled panic buying and hoarding of
basic goods and fuel by consumers and motorists,
prompting government to issue a stern warning to people
abusing social media to spread alarm and despondency in
the “saboteurs” will not succeed in their plans to cause
economic havoc as government was closely watching and
monitoring the situation.
Zimbabwean government introduced bond notes in November
2016 as a way to alleviate cash shortages in the economy
but the surrogate currency which was officially pegged
at par with the U.S. dollar has been gradually losing
its value to the greenback on the parallel market.
government recently secured a 600 million U.S. dollars
forex stabilization facility from Afreximbank and has
reassured the nation that there will be no shortages of
goods due to foreign currency shortages.
Zimbabwe enacts law to
curb cash trading by unlicensed dealers
HARARE Zimbabwe (Xinhua) --
The Zimbabwe government has enacted
legislation to curb selling of cash by unlicensed
dealers, Finance Minister Patrick Chinamasa said in a
statement to the parliament on Thursday.
practice has become rampant in the past few months as
cash shortages in banks continue in the country.
said President Robert Mugabe enacted the Exchange
Control Regulations on Thursday.
regulations will empower the police to arrest anyone
trading in currency without a license as it is an
offence,” Chinamasa said.
banks have no sufficient cash for depositors, U.S.
dollar notes and bond notes are available on the
parallel market but the U.S. dollar is trading at a
higher value than bond notes.
regulations empower the court to impose a fine not
exceeding the value of the currency and a sentence of
imprisonment not exceeding 10 years, the finance
Social media abuse a
headache for Zimbabwean government
HARARE Zimbabwe (Xinhua) --
While social media has proved to be an
effective medium of communication, the Zimbabwean
government is worried that some people are abusing it
with the intention to cause political chaos and prop up
the opposition ahead of the 2018 elections.
panic buying of basic commodities where some shelves
were literally emptied in retail shops while prices of
some goods skyrocketed has been attributed to false
social media, with the Minister of Finance and Economic
Development Patrick Chinamasa warning that the
government would take drastic measures against “economic
said while Zimbabwe had its challenges, there were
attempts by some forces to destabilize the country
through triggering economic turmoil, New Ziana reported
false messages on social media had spurred panic buying
which had resulted in artificial shortages of fuel and
goods as people rushed to hoard the commodities.
“It came to
most of us as a complete surprise and in fact it was
like a bombshell because there were no shortages in the
market and what happened was not in sync with the
prevailing situation in the economy at all,” the finance
minister told a media conference Wednesday.
developments in the economy are very positive and all
indicators are in the right direction, the trajectory is
on the right path,” he said.
said the government would follow the direction of the
European Union in introducing strict laws that deal with
abuse of social media and other new technologies to
impending elections, the government suspects that some
people will use social media to prop the opposition by
highlighting purported government failures.
Sunday arrested a pastor who is well-known for using
social media to express his discontent with government
failures after he posted a video of long queues of motor
vehicles waiting for fuel at some filling stations in
wants to charge Evan Mawarire with inciting members of
the public to revolt against the government through the
comments he made in the video clip.
Bank of Zimbabwe has also had its fair share of false
media and has been forced to make advertisements
refuting various policy pronouncements seen on social
government is drafting a law to penalize the “abusive”
usage of social media with five-year jail terms to be
imposed on offenders as it seeks to regulate the cyber
space law and order.
the draft, any person staying either in Zimbabwe or
overseas can be found guilty of intentionally
generating, possessing and distributing an electronic
communication with the intent to coerce, intimidate,
harass, threaten, bully or cause emotional distress to
Crime and Cyber Crime Bill, together with two supporting
bills on information technology, is intended to manage
the cyber space following various acts of civil
disobedience triggered by social media messages on
WhatsApp, YouTube and Facebook.
seen a sharp rise in mobile internet penetration rate
thanks to the proliferation of affordable smart-phones
and cheap data packages.
country’s telecommunication regulator Potraz reported in
2016 that active mobile internet subscriptions rose to
6.5 million by the end of 2015, which is nearly half of
the entire national population.