Report on the Zimbabwe’s Re-Engagement with Co-Operating Partners on the Arrears Clearance Road Map Bali, Indonesia: 10 October 2018

President Emmerson Mnangagwa: Press Release on the Need for Economic and Currency Reforms (10.10.2018)

Zimbabwe: Announcing the Launch of the Citizens’ Cabinet (10.10.2018)

Zimbabwe: Press Release on the Need for Economic and Currency Reforms (10.10.2018)

Zimbabwe: ZCTU President’s Address to the Press on National Action Against the Fiscal and Monetary Policy (09.10.2018)

Zimbabwe: ZANU PF Youth League Statement on Wanton Price Increases (09.10.2018)

EFF Calls on Ramaphosa to Accept Nene’s Offer to Resign (09.10.2018)

Zimbabwe: A New Economic Crisis because of the Mobile Money Tax!

There are now official reports from Zimbabwe that the prices are rising. This is happening as the 2 % Mobile Money Tax is hitting the businesses and corporations. Therefore, people are worried and hoarding, as the prices are not instant, but the companies are sending warnings to them as customers.

One of them is the Dairiboard Zimbabwe Private Limited, that by 8th October the prices on their products will go up by 14 %, this is told by Commercial Executive Eunice Ganyawu. As Lafarge is saying their customers cannot order more than 600 bags each and with their backlog, there will be a minimum waiting period of 10 weeks for their orders. The Trinity Pharmacy on the 5th October have suspended their acceptance of Medical Aid due to the economic conditions and the lack of foreign currency within the company.

There are also more stores writing to their customers, that they should limit their items, as they are only allowed to buy certain amounts of breads, milk, cooking oil and so on. The taxes are really not only hurting business, but also ensuring that the inflation is hitting the citizens. This because the transactions are more expensive.

There is also shortage of United States Dollars, which makes the businesses go on the black-market, that the premium prices on imports. There are also reported hour-long ques for petroleum, as the foreign exchange is in free-fall, as the other businesses has been hit too. Its like the government didn’t prepare for the ramification of the taxes, as it has hit all parts of society.

People are really starting to build up stockpiles, as the products are leaving the shelves, as they expects the prices to be higher by next week. As the inflation has hit the Republic again. The prices are surging as the hoarding, as the companies cannot afford to import and even lacking enough petroleum.

We can wonder what is the aftermath, as the Mobile Money is more expensive, the Bond Notes are too and the imported products are paid with US Dollars, which is all going up. While the prices are going up next week. Meaning the businesses are losing now, and will struggle to stock-up as the cost of doing so will be higher.

The value of the Bond Notes will go up, the Mobile Money value has also fallen because of the taxes and the cost of US Dollars is also going up. Therefore, everything is more costly and the added price will only go worse. The Reserve Bank of Zimbabwe (RBZ) is making sure the inflation is controlled and neither the policies to secure the value of the currencies at the whole. Therefore, the ones bearing the weight is the public and not the state. Most likely the shops will run out and cannot afford to restock. As the situation will turn dire.

This is beginning of another 2008. This time the Blue Roof is relaxing and not responsible, but the same Junta is. The Zimbabwe African National Union – Patriotic Front (ZANU-PF) and President Emmerson Mnangagwa, who is now doing the same as the Goblin. Destroying the economy and ensuring the currency is losing its value. Because that is how you get foreign investors interested in Republic. NOT. Peace.

DFCU Bank Attorney’s to Rajiv Ruparelia: “Re: Notice Before Legal Action” (05.10.2018)

Opinion: It is Bosco’s own business deals that is the reason for the sorry state of Owino Market!

The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality: that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them everything.”Benjamin Franklin

You can go back to 2013, when Ham Enterprises pitched the Nakivubo Stadium to takeover for the vendors at Owino Market or the Park Yard. Therefore, the actions of President Yoweri Kaguta Musveni calling out people is outrageous. As Bosco is forgetting his own business-deals and agreements that directly interfered with the Kampala Capital City Authority (KCCA) and City Hall. All of these had to comply, as the buy-outs of the vendors and the lack of possible movements, the building of the Stadium has made issues since 2013 and boiled over in 2017. When the KCCA and the Ministry of Kampala Beti Kamya issued an order to throw them out.

That is why the sorry state of the area. This should be knowledge for the micro-managing President. However, he acts like it as a blank slate and he has no involvement, when the agreement between Ham Enterprises and the state, happen at the State House and he was signing the documents, ordering the Ministry, KCCA and take it out of the hands of the City Hall. So, it is really insincere what he was saying yesterday.

The government is working out modalities of retrieving these market titles from the rich and hand ownership back to vendors. Kampala Capital City Authority will help oversee management of these markets. Whereas I commend traders in Owino and Nakasero markets for working hard to create wealth through their Saccos and responding to our NRM call, I am unimpressed by the poor state of the Old Taxi Park. I am told this is partly due to the leadership wrangles among the taxi park stakeholders facilitated by opposition leaders in the city. Stop electing selfish leaders who only care about their salaries. However, we shall fix this matter” (Yoweri Kaguta Museveni, 05.10.2018).

That we can really see, thanks to all the propaganda and the pictures of yesterday, that the 2013 deal and changes of the Park Yard haven’t finished yet. As the President was most likely there to check his investments and his trade-offs. That is why he was bothered of the slow progress, as the planned stadium are still not done and there has gone 5 years. This is one year after the market and vendors was moved by decree of the appointed Minister Kamya.

The President is mad that Lord Mayor Erias Lukwago is a selfish leader, when in general, the deals done in Kampala and Owino is his. Meaning the President is selfish, not Lukwago who has fought for the vendors. That is the ironies, but also the reality. That is why the 32 years and going Executive, is forgetting his privilege and use of power. Ham Enterprise is surely working, but slowly, the stadium is in the building process and surely why he visited and complained, as he expected it to be done yesterday. So his investment could grow proper yields, like his farms. However, that is not how it works with urban development, especially when you need spaces for malls and other vendors, who was kicked out.

Would he ever fix their issues, the bad loans in the DFCU bank, which the vendors had in 2017? No, he wouldn’t care or carry them as their livelihood is at stake? But that isn’t the cup of tea that this President carries. Peace.