News / Africa

Zimbabwe Finance Minister Says No Money for Polls

Zimbabwe Finance Minister Says No Money for PollsZimbabwe Finance Minister Says No Money for Polls
x
Zimbabwe Finance Minister Says No Money for Polls
Zimbabwe Finance Minister Says No Money for Polls
TEXT SIZE - +

HARARE - Zimbabwe's finance minister has ruled out holding elections this year, saying the troubled nation does not have enough money to fund the polls. He blamed the problem on diamond mining firms failing to pay the government its share of revenue.
 

Addressing journalists in Harare, Finance Minister Tendai Biti said it was essential that the country’s precious stones help turn around the nation’s fortunes. As a result of diamond revenue not reaching the treasury, Biti said, there will be no elections in Zimbabwe this year.
 

"Look, we can't even pay wages. How do we pay for an election? Tell me. Here in the ministry of finance we can make you go on tour -there is no dam full of money. So it is simply there is no money for an election. We can’t look after our own recurrent expenditure. But if someone gives us some money maybe," said Biti.


That is a direct rebuff to calls by President Robert Mugabe to have elections this year to end the power-sharing government he formed with Prime Minister Morgan Tsvangirai in 2009.


According to Zimbabwe’s constitution, elections must be held by June next year. Regional leaders in the Southern African Development Community want the polls held under a new constitution. But Mugabe has repeatedly indicated that he is not worried about the other leaders' positions.


"This year we must have elections; they must take place with or without a new constitution… We will tell SADC what the problem is. SADC cannot tell us to continue with an exercise that is futile," said Mugabe.


The futile exercise to which Mugabe refers to is the drafting of a new constitution, which has been brought to a near-standstill by disagreements between Mugabe’s ZANU-PF party and Tsvangirai’s MDC party. Lack of funds also has derailed the exercise.


The lack of money can be traced in part to alleged corruption in the Marange diamond fields. The pro-ZANU-PF army seized control of the fields in 2009, and for a time, Zimbabwe was barred from selling the diamonds abroad. The international diamond watchdog, the Kimberley Process, cited reports of violence and diamond-smuggling in the fields.


The ban has since been lifted, but Biti said diamond revenue still is not reaching state coffers. At his Thursday news conference, the finance minister laid the blame on Anjin, a Chinese company that now is the biggest diamond mining firm in Zimbabwe.


He said the lack of revenue presents both political and economic problems.


"Clearly there are challenges of opaqueness. Clearly we fear that might be a parallel government where these revenues are going. We have a challenge in this country. I have spoken to the president; he is fully aware of this challenge. I have spoken to the prime minister; he is fully aware of this challenge," said Biti.


The term of the fragile coalition government expires about one year from now, in June 2013. 

You May Like

Report: MI5 Tried to Recruit Woolwich Murder Suspect

Suspect's friend, arrested Friday, told BBC Michael Adebolajo had been approached by British security service months ago to work as informant More

Kerry Calls on Nigeria to Stop Human Rights Abuses

After meeting with Nigerian president, US top diplomat welcomes Abuja’s efforts to investigate, reign in excesses by troops fighting Boko Haram militants More

Vintage Apple Computer Sells for $671,400

Auctioneer says buyer is from 'Far East' and wishes to remain anonymous More

Pakistan Reiterates Opposition to US Drone Strikes

Day earlier US President Barack Obama justified 'constrained' drone usage to save lives More

Study Identifies Risks of Human Spread of H7N9 Bird Flu

Study suggest that international measures to contain the H7N9 influenza, in the event of severe outbreak, will need to be targeted in Asia More

Violence Continues in Conakry Over Upcoming Elections

Opposition has called for boycott of elections More

Video Syria's Civil War Fuels Violence in Iraq

Analysts say al-Qaida-linked militants are flowing back and forth from both countries More

Video Star Trek Influence Lives Long and Prospers

As new movie thrills, many are once again discussing the iconic franchise's influence on society, science and technology More

OECD: Developing Green Cities Key to Sustainable Future

OECD suggests strategies to mitigate rapid growth, industrialization in urban centers, which produce about two-thirds of greenhouse gas emissions More

This forum has been closed.
Comment Sorting
Comments
     
by: Wilbert Mukori from: Zimbabwe
May 19, 2012 1:07 PM
This GNU has failed to deliver the much needed political reforms and economic recovery it promised. The logical thing to do is to hold fresh elections. To postpone election on the grounds that the nation has no money will seek to reward this GNU for its poor performance and prolong the suffering of the electorate. The excuse become real feeble given that Minister Biti says he has money for a referendum and nationwide censorship. He should get his priorities right, elections are more important.


by: John Smith
May 17, 2012 8:54 PM
Amazing how history repeats itself. Lobengula sold Zimbabwe to Rhodes and ZANU PF and Mugabe are now selling Zimbabwe to the modern day coloniser China.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video Volunteers Help Revive LA's Concrete River

The Los Angeles River is a concrete drainage channel through much of its 80-kilometer length. It channels waste-water from storm drains and has become a receptacle for much of the city's trash. But as Mike O'Sullivan reports, the river is slowly being restored with the help of volunteers, who take part in an annual clean-up.