Zimbabwe whose agricultural output grew by 34 percent last year pushing overall economic growth to 8 percent is expected to have another bumper harvest this year and this could propel gross domestic growth by as much as 15 percent.
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Prime Minister Morgan Tsvangirai says Zimbabwe is on an irreversible path to progress and that must be recognised. In an interview with Fox News in Davos Switzerland where he is attending the World economic Forum, Tsvangirai said he did not regret joining the inclusive government where his foe Robert Mugabe is still the country’s president because the country was facing a precipice.
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African Consolidated Resources chief executive Andrew Cranswick has filed a motion with the Australian Federal Court to annul its bankruptcy ruling, a move that stops his trustee from pursuing his overseas assets including his stake in the London-listed company, reports from Australia said today.
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Britain planned to tighten sanctions on Zimbabwe including an investment ban immediately after the controversial elections of 2008. Although the Netherlands supported further sanctions, it felt hat an investment ban would be difficult to implement because Britain and the United States had too many investments in Zimbabwe. Instead it urged creativity in pursuing these additional sanctions saying governments could, for example, use “moral suasion”.
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