Biti should get his act right this time

Finance Minister Tendai Biti should keep his word and scrap the vote of credit in his 2011 budget because donors are not interested in Zimbabwe’s recovery.  It would even be better to budget for a deficit as long as the expenditure is on infrastructure and not consumption.

(52 VIEWS)

Israel playing it safe with Zimbabwe’s diamonds

It now seems to be becoming a pattern. Members of the Kimberley Process Certification Scheme meet in Israel. The major point on the agenda is Zimbabwe’s rough diamonds from Marange. Some Western governments and human rights organisations vehemently oppose the lifting of the ban on Zimbabwe’s diamonds. African diamond mining countries argue that Zimbabwe must be allowed to sell its diamonds.  The diamond industry says Zimbabwe must be allowed to sell its diamonds openly because they are going to get into the market anyway. The KP meeting ends in deadlock.  But not so, says Zimbabwe’s Mines Minister Obert  Mpofu. The country is going to sell its diamonds anyway. Everyone leaves the meeting happy. Each claims victory.

(44 VIEWS)

Chombo, Wife Fight Over Assets

LOCAL Government, Rural and Urban Development Minister Ignatius Chombo is embroiled in an acrimonious property-sharing wrangle with his wife, Marian, from whom he has been separated for the past three…

Big boob on Zimbabwe’s diamonds

Zimbabwe’s fate as to whether it can sell its diamonds from Marange on the open market will be decided tomorrow but there is already a complication- the Kimberley Process plenary which is meeting in Jerusalem has no specific recommendation to act on. A diamond industry expert says the KP review mission which visited Zimbabwe is August made a few dozen recommendations on various issues but refrained from making any recommendation about exports of the country’s rough diamonds from Marange.

(134 VIEWS)