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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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Dubai hit again within 24 hours as debris strikes building, drone targets US embassy in Baghdad

A building in Dubai’s financial hub was struck by debris from an intercepted attack while a drone targeted the US embassy in Baghdad, officials said.

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A building in the financial district of Dubai was struck by debris from an intercepted aerial attack on Friday, marking the second such incident reported in less than 24 hours as tensions continue during the ongoing conflict involving the United States, Israel and Iran.

Authorities confirmed that debris from a successful interception hit the façade of a building in central Dubai. According to an official statement shared by the Dubai Media Office on social media platform X, the situation was quickly brought under control. Officials also said there was no fire and no injuries reported in the incident.

Witnesses described hearing a powerful blast in the area around the Dubai International Financial Centre (DIFC), one of the emirate’s busiest financial hubs. A resident living nearby told media that the sound was the loudest they had ever heard and initially feared something catastrophic had happened.

Another correspondent reported hearing a massive double explosion that shook surrounding buildings and left a cloud of black smoke hanging over the district for some time before the situation stabilised.

Drone hits US embassy complex in Baghdad

In a separate development, a drone struck the United States Embassy Baghdad in Baghdad, according to Iraqi security officials. Media present near the area reported seeing smoke rising from inside the diplomatic compound after the strike.

Security sources confirmed that the drone attack directly targeted the embassy complex. Details about damage or casualties were not immediately available.

The attack occurred shortly after two strikes targeted positions linked to the Iran-backed group Kataeb Hezbollah. Security officials said the strikes killed two members of the group, including what was described as a key figure.

According to one security source, a missile hit a house used by the group at around 2:15 am local time. The source added that the strike resulted in the death of a senior member, while two others were wounded.

The incidents in Dubai and Baghdad come as the wider regional conflict involving the United States, Israel and Iran continues to escalate into its 15th day, raising concerns about the spread of hostilities across the Middle East.

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US KC-135 refuelling aircraft crashes in Iraq amid ongoing Iran war

A US KC-135 refuelling aircraft crashed in western Iraq during the ongoing Iran war, marking the fourth American aircraft lost in the conflict, according to the US military.

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us millitary aircraft crash

The United States military has confirmed that one of its aerial refuelling aircraft crashed in western Iraq, marking the fourth American aircraft lost since the start of the current conflict involving Iran.

According to a statement issued by United States Central Command (CENTCOM), the incident involved a Boeing KC-135 Stratotanker. The military said one aircraft went down in western Iraq, while another aircraft linked to the situation was able to land safely.

CENTCOM clarified that the crash was not the result of hostile fire or friendly fire, though details about the cause of the incident have not yet been disclosed.

Fourth US aircraft lost in the conflict

The crash makes the KC-135 the fourth American military aircraft lost since the beginning of the war in the Middle East, which started on February 28.

Earlier in the conflict, three McDonnell Douglas F-15E Strike Eagle fighter jets were mistakenly shot down by forces from Kuwait in what the US military described as friendly fire. Despite the loss of the aircraft, all six crew members from those jets managed to eject safely.

CENTCOM had earlier said the incident happened during intense combat operations that included attacks from Iranian aircraft as well as ballistic missiles and drones.

KC-135 aircraft and crew details

The KC-135 aerial refuelling aircraft has been in service for more than six decades and plays a key role in extending the range and endurance of US military aircraft during operations.

Typically, the aircraft operates with a three-member crew, consisting of a pilot, a co-pilot and a boom operator responsible for refuelling other aircraft mid-air. However, certain missions may require a navigator, and the aircraft can carry up to 37 passengers, according to information provided by the US Air Force.

Authorities have not yet released information about the crew involved in the latest crash or whether there were casualties.

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Mojtaba Khamenei named Iran’s new supreme leader after death of Ali Khamenei

Iran’s Assembly of Experts has selected Mojtaba Khamenei as the country’s new supreme leader following the death of Ali Khamenei amid escalating regional conflict.

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Mojtaba

Mojtaba Khamenei has been appointed the new Supreme Leader of Iran, replacing his father Ali Khamenei, according to state media reports.

The decision was taken by the Assembly of Experts, an 88-member council responsible for selecting the country’s supreme leader. The body said it had chosen Mojtaba Khamenei through a decisive vote, naming him the third leader of the Islamic Republic.

Mojtaba Khamenei, a mid-ranking cleric with strong connections within Iran’s security establishment, had long been seen as a potential successor to his father. His influence within the powerful Revolutionary Guards and networks associated with his father’s office had made him a prominent figure in Iran’s political structure.

His appointment comes amid a sharp escalation in tensions in the region. Ali Khamenei was reportedly killed in strikes carried out during the ongoing conflict involving Iran, the United States and Israel. The situation has led to rising hostilities and military exchanges in recent days.

The role of supreme leader in Iran carries ultimate authority over key state institutions, including the military, judiciary and major political decisions.

The development may further strain relations between Tehran and Washington. Donald Trump recently said the United States should have a say in who leads Iran, a remark likely to draw criticism from Iranian authorities.

Meanwhile, fighting linked to the conflict has continued across the region. Strikes targeting infrastructure in Tehran have caused fires at fuel facilities, sending thick smoke into the sky and raising environmental concerns.

Iranian officials have condemned the attacks as dangerous escalation, while Israeli authorities have defended the strikes, saying the targeted facilities were connected to Iran’s military operations.

As the conflict continues, Iran’s new leadership now faces the challenge of navigating both internal political pressures and rising regional tensions.

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