Posted by: Chuck | September 13, 2013

Zimbabwe to develop economy with “new friends” like China


HARARE (Reuters) – Zimbabwe will increase economic ties with friendly countries like China to develop its economy as Western nations maintain their sanctions after President Robert Mugabe’s re-election, the new finance minister said on Wednesday. Mugabe, Africa’s oldest leader at 89 who won a fresh five-year term in a July 31 vote his opponents say was rigged, on Wednesday swore in his cabinet, including Finance Minister Patrick Chinamasa who was named on Tuesday. Pointing to multiple flaws in last month’s election cited by domestic vote observers, Western governments, especially the United States, has questioned the credibility of the outcome and are considering whether to prolong sanctions against Mugabe. However, African election observers broadly endorsed the voting and its result as peaceful and free. Chinamasa told reporters the ZANU-PF party government had accepted the reality that the West would not remove financial and travel sanctions on Mugabe and his senior allies and would not release any direct financial assistance. Source: Reuters News Yahoo News 9/12/13)

Read:http://news.yahoo.com/zimbabwe-develop-economy-friends-china-063346573.html

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