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Zimbabwe Central Bank freezes accounts of Mugabe allies

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Zimbabwe’s Central Bank has ordered that bank accounts of two top Mugabe allies be frozen.

In a directive sent to the country’s financial institutions, the bank ordered that all accounts of ministers Jonathan Moyo and Savious Kasukuwere are identified and frozen.

The two ministers were influential members of the G-40 faction within the ZANU-PF that backed former first lady Grace Mugabe to replace her husband as president. The faction is accused of taking advantage of the president’s advanced age to engqge in criminal activities.

Following last month’s military takeover, the two ministers; Moyo of Higher, Tertiary Education and Technology Development and Kasukuwere of Local Government, Public Works and National Housing fled the country and there whereabouts are unkown since.

But Moyo tweeted that the directive spells doom for ordinary people and businesses, arguing that the accounts had been frozen without following due process.

Zimbabwe’s new government led by Emmerson Mnangagwa is working to revive the economy by stemming graft and wooing back investors. The president last month issued a three month for the return of funds siphoned out of the country by individuals and corporations.

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24 Hours Across Africa

Abiy Ahmed wins the 2019 Nobel Peace Award

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Ethiopian Prime Minister Abiy Ahmed won the 2019 Nobel Peace Prize for immersly efforts to end two decades of hostility with longtime enemy Eritrea.

Though Africa’s youngest leader still faces big challenges, he has in under two years in power begun political and economic reforms that promise a better life for many in impoverished Ethiopia and restored ties with Eritrea that had been frozen since a 1998-2000 border war.

“We are proud as a nation,” the prime minister’s office said in a statement, hailing a “collective win for all Ethiopians, and a call to strengthen our resolve in making Ethiopia – the new horizon of hope – a prosperous nation for all.”

It said the prize was meant to recognize “all the stakeholders working for peace and reconciliation in Ethiopia and in the East and Northeast African regions.”

The Nobel Committee’s decision appeared designed to encourage the peace process, echoing the 1994 peace prize shared by Israeli and Palestinian leaders and the 1993 award for moves towards reconciliation in South Africa, said Dan Smith, head of the Stockholm International Peace Research Institute.

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