Zimbabwe's President Emmerson Mnangagwa delivers a speech after he was endorsed as ZANU-PF party president and nominated presidential candidate for the 2018 elections during the ZANU-PF party extraordinary congress in Harare, on December 15, 2017.  / AFP PHOTO / Jekesai NJIKIZANA
Zimbabwe's President Emmerson Mnangagwa delivers a speech after he was endorsed as ZANU-PF party president and nominated presidential candidate for the 2018 elections during the ZANU-PF party extraordShow more

Stunning end to the year gives Zimbabweans new hope



If 2017 is to be remembered for anything, it is certain that at the top of list for Zimbabweans it will be the winkling out of Robert Mugabe after decades of misrule that brought the country to its knees.

Thousands danced in the streets last month to celebrate the toppling of Zimbabwe's ruler after 39 years - but now the pressure is on his successor to show the new regime can return the country to its former glory.

"We couldn't believe it, that he was finally gone," says Itai Shoko, a Zimbabwean with refugee status living in the inner-city suburb of Hillbrow in Johannesburg, South Africa.

The new president Emmerson Mnangagwa is a 75-year-old veteran of Zimbabwe's liberation war against white Rhodesia, and a long-time ally of Mr Mugabe. In late November he staged a coup styled along the lines of the Egyptian leader Abdel El Sisi, also a military leader who ousted a democratic leader.

Like Mr El Sisi, Zimbabwe's new president hopes to win western support and present the military action as a necessary change for good.

While many have reservations around Mr Mnangagwa's sudden grab for power, few regret seeing Mr Mugabe shuffle off into retirement. "No one really knows whether the new regime will be much better, but I have hope that the future is looking good. This is a good thing," says Mr Shoko.

As word of Mr Mugabe's toppling spread, the streets of Hillbrow erupted into an impromptu street party as Zimbabweans, some of whom had not been home for years for fear of political victimisation, cheered.

The ousting came after Mugabe in October replaced finance minister Patrick Chinamasa with the home affairs minister Ignatius Chombo in a cabinet reshuffle amid a severe hard-currency shortage that dealt a fresh blow to confidence and investment in the southern African economy, which uses the US dollar. In addition, Mr Mugabe had become too reliant on his military.

Although Mr Mugabe had fallen out with Mr Mnangagwa before - he had survived a demotion in 2005 - he ended up rising to the vice presidency of the ruling Zanu-PF party anyway in 2014. It was clear Mr Mugabe saw him as a potential successor. Over the course of 2017, as Mr Mugabe's frailties became more public - often falling asleep during high-profile events - Constantine Chiwenga, the Zimbabwe Defence Forces commander, became known as a Mnangagwa ally. When Mr Mugabe fired Mr Mnangagwa last month, accusing him of disloyalty, and it became obvious the dictator would like his wife Grace to serve as vice president and take over from him, Mr Chiwenga made his move, promising to stop "those bent on hijacking the revolution". The military takeover in Harare took place the following day.

In the weeks since the coup, however, Mr Mnangagwa has had to move decisively to demonstrate he plans to steer the country in a fresh new direction. He was quickly endorsed by the ruling ZanuPF party and inaugurated as president, thus putting a veneer of legitimacy to his seizing of power.

Mr Mnangagwa has also sought to send the message that "Zimbabwe is open for busines".

In an unusual move, Mr Mnangagwa has held a town hall public feedback session via Facebook, outlining his plans and inviting responses.

"As Zimbabwe enters a new era, we are making a clean break with the struggles of the past," he said.

Mr Mnangagwa has also made a string of announcements via Facebook, state media and in parliament, all designed to present a rosier picture of his new administration. He cut the size of the cabinet by a third, banned first-class travel for state officials, signed a US$153 million loan agreement with China and presided over a $5.1 billion state budget launch. The African Export and Import Bank has also pledged up to $1.5bn in new loans and financial guarantees to Zimbabwe.

______________

Read more:

Zimbabwe stock market a victim of Mugabe's downfall

Zimbabwe's embrace of bitcoin poses problems

______________

In an apparent snub to Mr Mugabe, Mr Mnangagwa reinstated Mr Chinamasa as his new finance minister, one of the few survivors of Mr Mugabe's cabinet, and presented the country's 2018 budget to parliament. As with his boss, Mr Chinamasa pushed the theme of change.

"As we focus on recovery of our economy, we must shed misbehaviours and acts of indiscipline which have characterised the past, while we address and reduce the high country-risk perception among existing and prospective investors," Mr Chinamasa told parliament this month.

Of particular note to foreign investors was the amending of the country's indigenisation law, which required all businesses to be 51 per cent locally owned. Now only diamond and platinum producers will be required to meet these terms, and then only by a vaguely defined date further down the line.

In addition, platinum mining royalties were reduced from 10 per cent to 2.5 per cent.

Zimbabwe like neighbouring South Africa is a geological treasure trove, with vast deposits of platinum, gold, and diamonds. It is also currently Africa's largest producer of lithium, a material in hot demand right now for battery manufacture, particularly for electric cars.

Yet the sector has plodded along for years as investors put in the bare minimum of capital needed to keep existing operations working, while avoiding new projects altogether.

According to the Zimbabwe Chamber of Mines, the sector needs almost $400m to meet capital requirements for 2018. Current capital investment is almost half that. Fortunately for Mr Mnangagwa's administration, the mining sector is looking a lot more attractive since Mr Mugabe's ousting.

A snap survey by the chamber finds that most mining companies are optimistic that the new government will implement consistent and predictable mining policies.

“Around 50 per cent of [survey] respondents are optimistic about prospects of a consistent and predictable mining policy environment, while 10 per cent were of the view that the policy environment will remain uncertain and unpredictable,” the chamber said.

Probably the most vexing issue the new government must confront is that of land. Around 4,000 white farmers were shoved off their properties over the past two decades, to make way for blacks. Several hundred thousand now eke a living off these properties, with some even thriving as small tobacco producers.

The government's own figures show the country earned $722m from the 131 million kilograms of tobacco it exported in 2016. Major export destinations are China, Indonesia, Belgium, South Africa, Sudan and Russia. Following good rains the 2017 season is expected to deliver even better returns of up to $1bn in sales.

According to the Tobacco Industry and Marketing Board, around 72,500 small farmers are registered producers, making the industry Zimbabwe's single largest employer. Therefore, trying to reverse the land reform process is politically a non-starter.

However, in his inauguration speech Mr Mnagagwa said restitution for the evicted landowners would be made. “My government is committed to compensating those farmers from whom land was taken, in terms of the laws of the land."

Quite likely, Mr Mnagagwa will undertake a roadshow as soon as possible to erstwhile colonial overlord Britain to seek help in funding the compensation, as well as to wind back sanctions imposed during the Tony Blair era.

Top tips to avoid cyber fraud

Microsoft’s ‘hacker-in-chief’ David Weston, creator of the tech company’s Windows Red Team, advises simple steps to help people avoid falling victim to cyber fraud:

1. Always get the latest operating system on your smartphone or desktop, as it will have the latest innovations. An outdated OS can erode away all investments made in securing your device or system.

2. After installing the latest OS version, keep it patched; this means repairing system vulnerabilities which are discovered after the infrastructure components are released in the market. The vast majority of attacks are based on out of date components – there are missing patches.

3. Multi-factor authentication is required. Move away from passwords as fast as possible, particularly for anything financial. Cybercriminals are targeting money through compromising the users’ identity – his username and password. So, get on the next level of security using fingertips or facial recognition.

4. Move your personal as well as professional data to the cloud, which has advanced threat detection mechanisms and analytics to spot any attempt. Even if you are hit by some ransomware, the chances of restoring the stolen data are higher because everything is backed up.

5. Make the right hardware selection and always refresh it. We are in a time where a number of security improvement processes are reliant on new processors and chip sets that come with embedded security features. Buy a new personal computer with a trusted computing module that has fingerprint or biometric cameras as additional measures of protection.

Teri Baaton Mein Aisa Uljha Jiya

Directors: Amit Joshi and Aradhana Sah

Cast: Shahid Kapoor, Kriti Sanon, Dharmendra, Dimple Kapadia, Rakesh Bedi

Rating: 4/5

And Just Like That...

Director: Various

Stars: Sarah Jessica Parker, Cynthia Nixon, Kristin Davis

Rating: 3/5

UAE currency: the story behind the money in your pockets
FA CUP FINAL

Chelsea 1
Hazard (22' pen)

Manchester United 0

Man of the match: Eden Hazard (Chelsea)

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).
Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

MATCH INFO

Newcastle United 1 (Carroll 82')

Leicester City 2 (Maddison 55', Tielemans 72')

Man of the match James Maddison (Leicester)

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Bawaal

Director: Nitesh Tiwari

Stars: Varun Dhawan, Janhvi Kapoor

Rating: 1/5

Fire and Fury
By Michael Wolff,
Henry Holt

Inside Out 2

Director: Kelsey Mann

Starring: Amy Poehler, Maya Hawke, Ayo Edebiri

Rating: 4.5/5

The specs

Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

The specs

Price, base / as tested Dh1,100,000 (est)

Engine 5.2-litre V10

Gearbox seven-speed dual clutch

Power 630bhp @ 8,000rpm

Torque 600Nm @ 6,500rpm

Fuel economy, combined 15.7L / 100km (est) 

THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

On sale: Now

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

How Islam's view of posthumous transplant surgery changed

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

The Porpoise

By Mark Haddon 

(Penguin Random House)
 

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

West Asia Premiership

Dubai Hurricanes 58-10 Dubai Knights Eagles

Dubai Tigers 5-39 Bahrain

Jebel Ali Dragons 16-56 Abu Dhabi Harlequins


Energy This Week

Expert analysis on oil & gas renewables and clean energy

      By signing up, I agree to The National's privacy policy
      Energy This Week