Public Management

Zimbabwe: Robert Mugabe is out of the game

Wednesday, 22 November 2017 10:15

It is the end of a very long reign for Zimbabwe’s President Robert Mugabe (picture), who submitted his resignation letter to the National Assembly this Tuesday. Indeed, the leader was at the head of the country since 1980, 37 years overall.

I Robert Gabriel Mugabe here by formally tender my resignation with immediate effect. My decision to resign is voluntary on my part and arises from my concern for the welfare of the people of Zimbabwe and my desire for a smooth, non-violent transfer of power,” the President said in the letter which was read out by the Parliament’s president, Jacob Mudenda, in front of a euphoric crowd.

The oldest leader in exercise resigned after he was abandoned by all. Truly, after the eviction last November 15 of his vice president, Emmerson Mnangagwa, the 93-year old president was pressured by the population, the army and his own party (Zanu-PF) to step down. He was blamed of “allowing his wife to usurp constitutional power” and of no longer having “the physical capacity to run government”.

If for now, the streets of Harare are buzzing with joy, this is very likely to be short since the old lion left the country in a situation of economic crisis which will have to be dealt with. Indeed, GDP growth which was already quite low in 2015 (1.1%) has slowed down more to 0.5% in 2016.

Louis-Nino Kansoun

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Investec secures $200 million IFC loan for green housing finance Funds to support eco-buildings, affordable green home loans in South...
“Keur Samba” securitization bonds begin trading on the BRVM Operation backed by NSIA Banque CI and Orabank CI totals CFA52 billion Move aims...
Witti Finances Holding acquired a majority stake in Kajas Microfinance, entering the Senegalese market. The firm rebranded the entity as Witti...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
04

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.