South African President Jacob Zuma was jeered by a crowd attending a memorial service for the nation’s first black leader Nelson Mandela, as a series of scandals weigh on his popularity before elections next year.
Pointing at the scorching sun over his village in southern Zimbabwe, Simon Sibaya blames drought, rising fertilizer prices and a lack of government support for leaving 2.2 million of his fellow citizens in need of food aid.
Diamonds from Zimbabwe’s Marange fields will be sold in Antwerp after the European Union lifted sanctions even as rights groups allege abuses at the mines and say revenue has financed President Robert Mugabe’s ruling party.
Zimbabwe’s government has raised $42.5 million by selling debt of up to one year’s duration to selected investors after public Treasury Bill sales by the central bank failed, a finance ministry official said.
Zimbabwe’s planned sovereign wealth fund may get as much as a quarter of mining royalties and the same share of “special dividends” on state mineral and metal sales. Parliament will also be able to appropriate money to benefit the fund.