Cabinet reshuffle "looms in struggling Zimbabwe" - Zimbabwe Situation

Cabinet reshuffle “looms in struggling Zimbabwe”

via Cabinet reshuffle ‘looms in struggling Zim’ | News24 2014-03-14

Zimbabwean President Robert Mugabe is reportedly contemplating a Cabinet reshuffle that could see Finance Minister Patrick Chinamasa‘s early exit from treasury.

According to the Mail and Guardian, several ministers could also be affected.

Sources within Mugabe’s Zanu-PF party were quoted as saying that the veteran leader could appoint former Reserve Bank governor Gideon Gono to the position of finance minister.

A personal banker to Mugabe for many years, Gono is credited with helping to set up the president’s businesses, the report said.

Gono is also widely believed to have propped up Mugabe’s regime during Zimbabwe’s crisis period by printing money and supporting party projects through quasi-fiscal programmes.

This report comes as Zimbabwe’s economy continues to dwindle with Chinamasa recently revealing that the country’s reserves would only be enough to buy 1 400 tons of maize.

Reports say that government is desperate for funding to turn around the economy that has faced 15 years of questionable management.

Look East policy 

Since their controversial election victory last July, the Zanu-PF government’s pleas for funding have gone unheeded, as more and more doors seem to be shunning the country. This includes the IMF and World Bank

Chinamasa is said to have failed recently to convince the Chinese business community in Beijing and Shanghai to loan Zimbabwe funds using the country’s minerals as security.

It had appeared that China would step in and solve Zimbabwe’s economic problems, a move that could have validated Mugabe’s, so-called “Look East” policy, a report by the Christian Science Monitor said.

The bailout would have helped stabilise the government and pacify a growing trend of middle- and working-class anger at the poor economy and corruption.

According to The Zimbabwe Independent, Chinamasa hoped to secure US$10bn in funding to finance the ambitious Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), a policy document pitched as the panacea for economic revival by the Zanu PF government.

But it turned out the Chinese wanted something more tangible than a mere policy pronouncement such as ZimAsset, a top government official was quoted as saying.

“They were very clear that they wanted bankable projects as well as a breakdown of when the projects that the government plans to undertake will break even,” the official said.

 

COMMENTS

WORDPRESS: 20
  • comment-avatar
    woosafoolinawho 4 years

    Whats the use of shuffling the pack when the jokers are still in it?

  • comment-avatar
    Roving Ambassador 4 years

    More of the same. No salvation in sight. We should just brace ourselves for a rough landing . The implosion is near.
    The coalition of the willing should be set up now . We need to infuse untainted people into this coalition. We can not entrust our future in the current MDC. The corrupt ,undemocratic element mast be nuetralised by introducing civic societies, churches, business community and the diaspora,
    We should start organizing conferences to map out the way forward and realistic economic blueprints.
    Zanu is dead .

    Pasi nezanu
    Down with the genocidal party.
    Treasonous malcontents.

    • comment-avatar

      Visit http://www.zunde.org. It is encouraging to hear everyone singing the Zunde grand coalition tune including the MDC.Sadly the MDC still think they can lead this project. They are too tainted and corrupt.ZUNDE is the way to do it

  • comment-avatar
    apolitical 4 years

    all those political economists – help!
    Biti was the last minister of finance and we are left with the mess he created so when you go back in time why forget him.

    • comment-avatar
      John Thomas 4 years

      Your ZANU has destroyed. Deal with that.

    • comment-avatar
      NBS 4 years

      Het apolitical: how much do they pay you to write your drivel? Please wake up. we care for your future

  • comment-avatar
    jobolinko 4 years

    What mess was created by Biti you fool

  • comment-avatar
    Roving Ambassador 4 years

    Pooh Apoli, Biti brought about the highest inflation ever in The history of mankind.
    Hey I should be pages for this.

    • comment-avatar
      easily fooled 4 years

      I dont think apolitical was yet born in 2007 and 2008. The inflation rate was 231 million percent officially and 6 hexatrillion using independent sources. The mugabe conceded to MBEKI’ idea of GNU which saw the Finance Minister (a lawyer) put mechanisms to kickstart the economy. Imagine if MDC had put a Finance Person there. Then mugabe thot all lawyers are good with Finance, before a year, he want to reshuffle him. Lol.

      Kuita dofo rinokopa zvese nezita chairo

  • comment-avatar
    Tjingababili 4 years

    DEAD MEN WALKING! WHO WILL DO THIS ReSHIFLE!

  • comment-avatar
    Tjingababili 4 years

    WITH A COMPETENT CEO ZIM, 3/4 WOULD GO!

  • comment-avatar
    kutongwa nonjazi 4 years

    GNU vanhu vakatoita matama, MDC yakanaka vakomana, ikozvino 99% of the people are on compulsory dieting because of Zhanu

  • comment-avatar
    John Thomas 4 years

    Uncle Robert the only reshuffle we want to hear about is the one where you shuffle right on out of here.

  • comment-avatar
    Tongoona 4 years

    Recycling Gono through the ministry of finance is a voluminous mistake. Gono destroyed the country as Central Bank governor and why can’t ZANU PF learn. Anywhere, you are forgiven because ZANU PF party and government survive by confusion hence the country is broke. Mashaya vanhu kwavo here?

  • comment-avatar
    Nyoni 4 years

    Now what difference would it make. These clowns called Zanu would be sacked by the circus owner by now.

  • comment-avatar
    easily fooled 4 years

    The moment gono becomes the minister of finance, we would all rather committ suicide than to die slowly. The guy is not a banker or a finance person, he is thief. Manje anobatsirwa nani this time around iye arikunetsana na mentor Prof Kereke

  • comment-avatar
    Panda moyo 4 years

    What does gono have over the president. ?I think hes blackmailing him or manipulating him somehow.or could it be an obsession ?whats happening people

  • comment-avatar
    munzwa 4 years

    Gono is one of the jokers still in the pack, here comes the Zim dollar….

  • comment-avatar
    taipei 4 years

    musoro wechitima ndiwo uri kuda kuchinjwa zvese nematroko acho kwete matroko chete nenjanji yacho yapera nesignal hapasisina