Categories: Stories

Jonathan Moyo could be right

Exiled former Higher Education Minister Jonathan Moyo, who has railed against President Emmerson Mnangagwa’s administration since he was forced into exile in 2017, could be right when he says ZESA and Fuel barons are holding the country to ransom and pushing up black market rates.

How does one explain the rationale that Zimbabwe is currently experiencing 8 to 10-hour black-outs because of load shedding which authorities say is due to low dam levels at Kariba.

Downstream, Hydro Cabora Basa is pleading with Zimbabwe and Zambia to stop releasing water as the dam which supplies it with water is full due to Cyclone Idai and if they open the floodgates this will endanger the lives of citizens downstream. HCB says in exchange it will give Zambia and Zimbabwe 500 MW of power for free.

But someone says they will meet at the end of the month, which is two weeks away, to strike a deal! Why wait?

(352 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024