Zimbabwe: Mnangagwa Sued Over 'Controversial' Mutapa Investment Fund

  • 📰 allafrica
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

President Emmerson Mnangagwa has been taken to court following the promulgation of the Mutapa Investment Fund which critics have called a ploy to loot state resources.

Mnangagwa was sued by a Harare lawyer, Fredrick Nyamande who also cited the Parliament of Zimbabwe and the Mutapa Investment Fund as respondents.

Nyamande complained that the Statutory Instrument gives Mnangagwa unfettered powers to appoint the chief executive officer and all eight members of the Mutapa Investment Fund board. Among other things, Nyamande also complained that there is a clear violation of the procurement legislation of the nation which is even legislated for in the supreme law of the land.

"This is a contravention of, and it is inconsistent with, section 134 of the Constitution of Zimbabwe.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 1. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Talk – PSG Head of Securities Wendy Myers on the importance of investment diversificationPSG Head of Securities Wendy Myers unpacks the risks associated with having a badly-balanced investment portfolio.
مصدر: BusinessTechSA - 🏆 24. / 61 اقرأ أكثر »

The benefits of a multi-manager investment approachThis approach provides investors access to a broader range of investment expertise and specialist portfolio management skills, which can achieve more favourable, risk-adjusted outcomes.
مصدر: Moneyweb - 🏆 5. / 77 اقرأ أكثر »