Deadly riots rock Zimbabwe’s capital as vote results delayed



Soldiers and police fired live rounds, water cannons and tear gas at protesters who threw rocks and burned vehicles in Zimbabwe’s capital on Wednesday, dashing the optimism of an election that the country hoped would set it on a new course after decades of Robert Mugabe’s rule.

At least three people were reported killed, a figure which is expected to rise.

Violence swept through central Harare after an official announcement that the ruling Zanu-PF party had won most of the seats in parliament, an outcome that enraged opposition supporters who believe they have been cheated of victory.

The Zimbabwe Electoral Commission’s decision to delay announcing the results of the presidential race until at least Thursday — three days after the vote — seemed certain to bring more opposition anger if president Emmerson Mnangagwa is declared the winner. Alternatively, many Zimbabweans wonder whether the ruling establishment, including the military, would accept a win for the main opposition leader, Nelson Chamisa.

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Monday’s upbeat spectacle of millions of Zimbabweans voting peacefully was eclipsed 48 hours later by scenes of tanks and other military vehicles speeding through debris-strewn streets and soldiers beating protesters who had blocked main roads and set bonfires. Some journalists also were attacked.

Gunfire was heard downtown throughout the afternoon, including near the ruling party headquarters where protesters had gathered. Police fired tear gas and grabbed additional canisters from an officer carrying them in a crate.

Three people were killed, state broadcaster ZBC said. Associated Press journalists saw two bodies and another person who had been shot in the leg. There were pools and trails of blood in the streets.

The riots surged up to the fence of the Rainbow Towers Hotel and Conference Centre, where the electoral commission has been announcing results and many international election observers are staying. Inside the main gate, a water cannon mounted on a police vehicle blasted protesters who hurled rocks that bounced off its armoured plating.

“They are trying to protest so they can get fair results,” said Elisha Pfigu, a 31-year-old street vendor who warily watched soldiers at an intersection.

Mr Pfigu said he was optimistic on election day for the country’s first vote without Mr Mugabe, who ruled for nearly four decades, on the ballot.

“Now it’s different. It’s totally different” he said. “People were happy on Monday. Now they are not happy. We are not going to rest.”

Authorities invoked Zimbabwe’s Public Order and Security Act, which allows police to ban public meetings or gatherings. The police can also ask the military for help in cases of public disturbances. Under Mr Mugabe, the law has been routinely used to ban anti-government meetings and demonstrations since its enactment in 2002.

Mr Mnangagwa, a former deputy president who succeeded Mr Mugabe after a military takeover in November, blamed the opposition for the violence and said it was “meant to disrupt the electoral process,” the state broadcaster reported.

He later urged political leaders to advocate for peace “as this day that ended in tragedy comes to a close”.

The opposition, in turn, said security forces acted in a “disproportionate and unjustified” way, and it questioned why the military had been deployed.

“Are we in war? Are civilians the enemy of the state?” said Nkululeko Sibanda, spokesman for the Movement for Democratic Change, the main opposition party.

United Nations deputy spokesman Farhan Haq appealed to Zimbabwe “to exercise restraint and reject any form of violence while awaiting resolution of the disputes and announcement of the election results”.

International monitors gave their first assessments of the election, saying it was conducted in a relatively free environment and was a big improvement over past votes marred by violence and irregularities, although they noted significant problems.

European Union observers said “a truly level playing field was not achieved” in the election, pointing out the “misuse of state resources, instances of coercion and intimidation, partisan behaviour by traditional leaders and overt bias in state media”.

Elmar Brok, head of the EU observer mission, said there were “many shortcomings” in the election, but it was unclear whether they influenced the results.

The opposition alleged irregularities, saying results were not posted outside one-fifth of polling stations as required by law. MDC leader Mr Chamisa has said outright that his own count shows he won the election, drawing government accusations of inciting violence.

After first indicating it would release presidential vote totals on Wednesday, the electoral commission said it would wait until Thursday, adding that agents for more than 20 candidates must verify them first.

“The more the presidential vote is delayed, the more it calls into question the population’s confidence in the election process,” said former Liberian leader Ellen Johnson Sirleaf, the lead observer of a United States monitoring mission.

British foreign office minister Harriett Baldwin said on Twitter that she was “deeply concerned” by the violence in Zimbabwe following the first nationwide vote since autocratic president Mr Mugabe was forced out by a brief military takeover in November.

“[We] call on Zimbabwe’s political leaders to take responsibility for ensuring calm & restraint at this critical moment. We’re continuing to closely monitor the situation,” she said.

Human rights group Amnesty International called on Zimbabwe’s authorities to launch “a prompt and effective” probe into the deadly military crackdown.

“The army’s conduct should be promptly investigated, with those responsible brought to justice,” said Colm O’Cuanachain, acting secretary general of the London-based organisation.

“The militarisation of the prevailing post-election environment is muzzling freedom of expression, association and assembly.

“People must be guaranteed their right to protest,” he said.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

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BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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