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Zimbabwe: Mnangagwa opts for sweeping economic measures with foreign direct investment

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Zimbabwe: Mnangagwa opts for sweeping economic measures with foreign direct investment

Says “bygones be bygones,” gives immunity and benefits to Robert Mugabe

Emmerson Mnangagwa, the second executive President of Zimbabwe since its independence in 1980, who took over on Friday, has announced to implement sweeping measures across different sectors with immediate effect to stimulate economic growth and create employment. He has also promised for sturdy re-engagement with the international community saying “isolation has never been splendid or viable.”

According the Harare based daily Herald, Mnangagwa, while addressing the nation after taking the oath of office at the giant National Sports Stadium in Harare, said, Zimbabwe was “renewing itself” and should never remain hostage to its past. He appealed to Zimbabweans to let “bygones be bygones” and embrace each other in defining the new destiny.

“Our economic policy will be predicated on our agriculture, which is the mainstay and on creating conditions for an investment-led economic recovery that puts premium on job creation,” he said.

He was quoted saying, “The bottom line is an economy which is back on its feet and in which a variety of players make choices without doubts and in an environment shorn of fickle policy shifts and unpredictability. Only that way can we recover this economy, create jobs for our youths and reduce poverty for all our people who must witness real, positive changes in their lives.”

To civil servants, President Mnangagwa said: “It cannot be business as usual. You now have to roll up your sleeves in readiness to deliver. We have an economy to recover, a people to serve. Each and every one of us must now earn their hour, day, week and month at work.”

The new president promised that elections would be held next year and vowed to work to advance the lives of all Zimbabweans.

Recent ouster of Mnangagwa as vice president of the country by former president Robert Mugabe, two weeks before army took over on November 15, has led to his rise to the highest position.

There are reports that outgoing President Robert Mugabe has been granted immunity from prosecution and will receive benefits package as part of a negotiated deal.

Mnangagwa has, meanwhile, praised Robert Mugabe for his contribution for country’s independence and described him as his mentor acknowledging his role in shaping Zimbabwe.

He described his taking over the reign of the country as “second phase” since gaining independence in 1980, he also expressed a willingness to re-engage with the international community and stressed that foreign direct investment was key to resolving the country’s economic crisis.

International Monetary Fund has recently warned Zimbabwe for the need of “immediate action” to address the country’s liquidity crisis. Country’s main stock market index had slumped by 40 percent following the military’s takeover.

Zimbabwe was plunged into political uncertainty on November 15, when Major General SB Moyo, chief of Staff logistics, seized power in a targeted assault on “criminals around President Mugabe.

Next day nobody came in support of Mugabe. Harare witnessed a usual day with people going to offices and children to schools. The capital remained calm and military take over remained unchallenged while efforts began to install transitional government.

Finally on November 22, Mugabe announced his resignation when parliament began impeachment proceeding against him. The controversy ended bloodlessly. The parliament speaker Jacob Mudenda’s announcement about Mugabe’s message triggered jubilation among law makers and public throughout the country.

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Nearly 2,000 killed as Iran acknowledges high death toll in nationwide protests

Iran has for the first time acknowledged that nearly 2,000 people were killed during nationwide protests sparked by economic distress, as authorities continue a strict security crackdown.

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Iran has acknowledged for the first time that close to 2,000 people, including members of the security forces, have been killed during two weeks of widespread protests across the country, according to an Iranian official.

The official said the deaths occurred amid violent clashes during nationwide unrest that erupted over worsening economic conditions. The figure marks the highest acknowledged toll so far from the current wave of demonstrations, which has posed one of the most serious internal challenges to Iran’s leadership in recent years.

Official blames “terrorists” for violence

According to the official, those described as “terrorists” were responsible for the deaths of both protesters and security personnel. However, no detailed breakdown was provided regarding how many civilians or security forces were killed.

Iran’s clerical leadership has accused the United States and Israel of instigating unrest in the country, alleging that external actors exploited public anger and escalated the demonstrations into violent confrontations.

Dual approach to protests

Authorities have attempted to balance their response by distinguishing between what they describe as legitimate protests over economic hardship and acts of violence. While acknowledging public frustration over living conditions, the government has simultaneously enforced a strict security crackdown to contain the unrest.

The protests are reported to be the most significant challenge to the Iranian establishment in at least three years and come at a time of heightened international pressure following military strikes by the US and Israel last year.

Rights groups cite arrests and casualties

Human rights organisations had earlier reported that hundreds of people were killed during the protests and said thousands were detained as security forces moved to suppress demonstrations across several cities.

The flow of information from inside Iran has been severely restricted due to communications curbs, including recent internet blackouts, making independent verification difficult.

Clashes captured on video

Despite restrictions, multiple videos circulating online have shown intense nighttime clashes between demonstrators and security forces. Some of these visuals, verified by media, depict gunfire, burning vehicles, and damage to buildings, highlighting the scale of violence during the unrest.

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Khamenei warns US against deceitful actions as Trump announces 25% tariff threat

Ayatollah Ali Khamenei has warned the United States against “deceitful actions” after Donald Trump announced a 25% tariff threat, as protests continue to challenge Iran’s leadership.

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Iran’s Supreme Leader Ayatollah Ali Khamenei has warned the United States to stop what he described as “deceitful actions” and reliance on “traitorous hirelings,” responding to escalating pressure from US President Donald Trump, including a proposed 25 per cent tariff on countries trading with Iran.

In a post on X, Khamenei said the Iranian nation had demonstrated its resolve in the face of external pressure and issued a warning to American politicians. He asserted that Iran remained strong, aware of its adversaries, and firmly present on the political stage.

Protests pose major challenge to Iran’s leadership

Khamenei’s remarks come amid more than two weeks of nationwide demonstrations that began over economic grievances and have since grown into one of the most serious challenges to Iran’s theocratic system since the 1979 Islamic revolution.

Rights groups have claimed that at least 646 people have been killed during the protests, which have spread across several cities. The unrest has intensified international scrutiny of Tehran’s response and further strained relations with Washington.

Trump signals economic and military options

President Trump has repeatedly warned Iran over its handling of the protests, stating that the United States was prepared to act if demonstrators were killed. He has said possible US responses range from low-risk to high-risk options, depending on the ultimate objective.

While Trump has previously criticised “regime change” as a foreign policy goal, citing past US involvement in Iraq, he has continued to apply economic pressure on Tehran. On Monday, he announced a 25 per cent tariff on countries that trade with Iran, marking a significant escalation in sanctions-linked measures.

Trump has also spoken about efforts to restore internet access in Iran after authorities imposed shutdowns during the protests.

Limited communication revealed

Despite the sharp public rhetoric, both governments have acknowledged that some level of communication has taken place. These contacts were reportedly coordinated through Trump’s envoy Steve Witkoff.

Iran and the United States have remained adversaries since the 1979 revolution that overthrew the pro-Western shah. Any major shift in Iran’s political system would have far-reaching consequences for the Middle East, making the current standoff closely watched across the region.

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Trump may visit India next year as US envoy calls New Delhi Washington’s most essential partner

The US has described India as its most essential global partner, with ambassador-designate Sergio Gor indicating a possible visit by President Donald Trump next year.

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The United States has said that no country is more essential to its global interests than India, with US ambassador-designate Sergio Gor indicating that President Donald Trump may visit India within the next year or two.

Speaking at the US Embassy in New Delhi, Gor highlighted the close personal rapport between Trump and Prime Minister Narendra Modi, describing their relationship as genuine and resilient even in times of disagreement.

India-US ties anchored at the highest level

Gor said the partnership between India and the United States is rooted not only in shared strategic interests but also in strong leadership-level engagement.

He noted that while differences may arise between the two countries, they are resolved through dialogue, reflecting the maturity of the relationship. According to him, India’s scale and global standing make bilateral cooperation both complex and crucial.

Trade talks to resume from January 12

The ambassador-designate confirmed that the next round of India-US trade negotiations will begin on Tuesday, January 12. Acknowledging the challenges involved, Gor said both sides remain committed to reaching an agreement.

Trade, he said, is a vital pillar of bilateral ties, alongside cooperation in areas such as security, counter-terrorism, energy, technology, education and health.

Trump-Modi friendship described as ‘real’

Gor reiterated that he has personally witnessed the bond between Trump and Modi during international engagements, stressing that the friendship goes beyond diplomacy.

Recalling conversations with the US President, he said Trump often speaks positively about his previous India visit and his relationship with the Indian Prime Minister.

Possible Trump visit to India

Indicating a potential presidential visit, Gor said Trump could travel to India in the next one or two years. He described his own appointment as an effort to elevate the bilateral partnership to a new level, calling the India-US relationship a meeting point of the world’s oldest and largest democracies.

India to join Pax Silica alliance

Gor also announced that India will be invited to join the US-led Pax Silica alliance as a full member next month.

The initiative aims to develop a secure, resilient and innovation-driven global silicon supply chain, reinforcing India’s role in strategic technology partnerships.

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