Mwonzora no longer an MDC member

Mr Togarasei Mwonzora is no longer an MDC member.Everyone has a right to associate and de-associate and kule Mwonzora has exercised the latter right.We will not watch powerlessly as a man of Mwonzora statue breaches the constitution of the party he purports to belong to.

Firstly he took the party to court knowing very well that it is in breach of the constitution as he failed to utile  our internal justice delivery system. Secondly he insulted the office of the President infront people , declared himself the party spokes by addressing members of the media.The attack on the person of the President is a clear sign of disrespect of the organization and the office that Advocate Nelson Chamisa holds.

Let Zimbabweans, Africans and the world at large know that we will not be held in ransom to deliver on our mandate by young Mwonzora.It was a please working with you chief!.UK think tank sees Zimdollar firming.The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency would fall to an average $16 against US dollar next year, but will be considerably weaker on the black market, a report by Economist Intelligence Unit (EIU) said.It said the suppression of demand through limited access to the currency would continue to temper depreciation, which "we believe would be much more rapid otherwise".

According to EIU, the domestic currency would firm to an average of $10 against the greenback in 2021, and to an average of $6,1 the following year, as inflation moderates, exports increase and the country realising more foreign direct investment.Some economists say the "projections are quite reasonable since economic fundamentals are quite strong."  The funds in the nostro accounts are at their highest level since 2009 at US$720 million, which suggests that Zimbabwe dollar should firm up.And that monthly foreign exchange receipts of around US$500 million can support a stable exchange rate especially given the low quantum of local dollars in the market.In February, Zimbabwe moved away from the fixed-rate regime after authorities introduced the interbank market to allow importers and exporters to trade the Zimbabwe dollar and other foreign currencies with the rate initially pegged at 2,5 against the US dollar.

Since then, the value of the Zimbabwe dollar has dropped to 14,9 against the greenback.The local currency is, however, weaker on the parallel market where it is trading around 20.Economist Tapiwa Mashakada said the biggest challenge to the stabilisation of Zimbabwe dollar was hyperinflation of which "reducing inflation will be a miracle given the situation of the ground.This alone makes the Economist Intelligence Unit assumptions very debatable," said Mashakada, the former Minister of Economic Planning and Investment Promotion in the inclusive Government between 2009 and 2013.While the think tank observed deepening economic crisis this and next year, it has projected the."crisis" to abate, largely due to improved domestic energy, agriculture and mining production.

This would improve Zimbabwe's foreign reserves position, supporting the currency and moderating soaring inflation, said the think tank. "We expect inflation to average 165,5 percent in 2020, after averaging an estimated 205,2 percent in 2019,".said EIU. Rapid inflation has been driven by sustained currency weakness, particularly on the parallel market, foreign-exchange shortages and the ongoing drought, which has severely reduced agricultural and hydro-power production.Inflation would however fall sharply in 2021, to 8,3 percent, owing to a strengthening of the currency and the high base of comparison.

With regards to gross domestic product, EIU says it would contract by nearly 13 percent next year following an estimated decline of 18 percent this year, largely due to drought that continues to weigh on agricultural output and energy production as well as other ongoing currency and liquidity crisis hampering the economy."In 2021-24 growth will steadily increase as better weather conditions facilitate growth in agriculture and a return to domestic hydro-power production, allowing mining activity to pick up.".