Quote Search 
Sponsored By
Futures PricesSearch Tips


 News 
Headlines
   Market news and breaking stories live from Dow Jones Newswires
Market Commentary
   A technical analysis commentary of the major markets, only from INO
Smart Scan
   A premium service, alerting you to changes in the market by web and email.
Extreme Futures / Stocks
   Extreme Markets from all exchanges, updated throughout the trading day.


 Free Report 
Enter your email to receive our top daily market analysis:

 Premium Sites 
Trade Triangle Technology, Advanced Charts, SmartScan, Trading Workshops.

The premier online video learning platform for traders.

Daily Portfolio Scan and Analysis

 Help 
Help Line
About INO
Email Services
Contact Us
Advertise on INO
Affiliates

Zimbabwean PM's Party Calls Off Unity Government Boycott

15 days ago
(RTTNews) - Zimbabwean Prime Minister Morgan Tsvangirai said Thursday that his MDC party has called of its boycott of the country's power-sharing government that includes President Robert Mugabe's Zanu PF party and a breakaway faction of the MDC.

"We have suspended our disengagement in the government," Tsvangirai said, adding that he would give President Mugabe 30 days to "implement the agreements on the pertinent issues we are concerned about."

Tsvangirai made his remarks while addressing reporters after attending an emergency regional summit held in the Mozambican capital to resolve the Zimbabwean political crisis.

The talks were chaired by Mozambican President Armando Guebuza and were attended by several southern African leaders, as well as Tsvangirai, Mugabe and Deputy Prime Minister Arthur Mutambara, the head of the breakaway MDC faction.

Earlier, Tsvangirai had temporarily withdrawn from the coalition government on 16th October over issues related to power-sharing and police crackdown on his party activists.

Tsvangirai's decision was prompted by the re-arrest of of Roy Bennett, a senior official in Tsvangirai's MDC party and a ministerial nominee in the unity government, on terrorism charges, along with several other alleged cases of harassment of MDC activists and appointments to key posts.

Bennett's rearrest came seven months after the country's Supreme Court released him on bail from a prison in Multare in March. His rearrest earlier in the month was as per Zimbabwean law, which demands that a person indicted for trial be taken into custody until he is granted bail. Bennett, who faces life in prison if convicted of the charges pressed against him, was later released on bail.

Bennett, a white farmer whose coffee farm was seized under President Robert Mugabe's land-reform program, was first arrested at a small airport in Harare on 13th February, just hours before he was to be sworn in as a deputy agricultural minister in the newly formed unity government. He has been in and out of prison since then.

Though Bennett was initially accused of involvement in alleged plot to assassinate Zimbabwean President Robert Mugabe, he was indicted by the Harare court earlier in the month on terrorism charges, including possession of arms for the purposes of banditry, terrorism and inciting acts of insurgency.

The MDC party alleges that the case against Bennett is politically motivated and says that it is an attempt by hardliners in President Mugabe's Zanu-PF party to derail the coalition. The party has warned earlier that the repeated arrests and harassment of MDC supporters are threatening the longevity and proper functioning of the six-month old coalition government.

In February, the opposition Movement for Democratic Change (MDC) and an MDC breakaway faction joined Mugabe's Zanu PF party to set up a unity government in Zimbabwe as per an earlier agreed power-sharing deal, ending months of political uncertainty in the country.

In line with the power-sharing deal, MDC leader Morgan Tsvangirai was sworn in as the country's new Prime Minister, while Mugabe remained the president. The move, aimed at ending the political crisis in Zimbabwe and to pull back the impoverished African country from economic collapse, also effectively ended almost three decades of absolute rule by President Mugabe.

The current differences between the unity government partners emerge as Zimbabwe is making desperate efforts to get aid from western nations, who are demanding a faster enforcement of political and economic reforms for providing further financial assistance to the impoverished country.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved


< Back to News Index

Trader's Blog
 
Home - Markets - News - INO TV - MarketClub - Portfolio - Traders Blog - Affiliates - Help

ino.com

Copyright 2009 INO.com, Inc. All Rights Reserved.
Usage Agreement - Privacy Policy