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Another coup in Africa – Financial Times

Military officers in oil-rich Gabon said they had seized power, US commerce secretary Gina Raimondo wrapped up a visit to China, and the billionaire founder of Apple supplier Foxconn is running for president of Taiwan.

Mentioned in this podcast:

Fed warned Goldman Sachs over risks and compliance oversight at fintech unit

Military leaders seize power in oil-rich Gabon

US commerce secretary hails ‘new approach’ to handling China business frictions

Foxconn founder Terry Gou launches bid for Taiwan presidency

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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Southern Africa

CCC rubbishes MPs and councillors recalls, says it’s Zanu PF’s “pathetic attempt” to respond to SONA boycott – New

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By Reason Razao | Senior Reporter

Citizens Coalition for Change (CCC) has dismissed reports of recalls by one Sengezo Tshabangu saying he is an impostor and has never been a member of the opposition party.

This follows the recall of 15 CCC MPs and 17 councillors by Tshabangu, a former member of MDC-T and PDP.

According to the letter that was addressed to the Speaker Of Parliament, Jacob Mudenda, Tshabangu had recalled Nicola Watson, Pashor Sibanda and Ereck Gono among others saying they were no longer members of the CCC.

Tshabangu is also believed to have signed letters that resulted in CCC double candidates in Bulawayo during the Nomination Court.

“It has come to the attention of the Citizens Coalition for Change that there are letters purportedly written by a person designating himself as interim secretary General circulating on social media claiming that the Citizens’ Movement has recalled named councillors and members of Parliament,” said party spokesperson Promise Mkwananzi in a statement posted on X.

“Members of the public are advised to disregard these with the contempt they deserve. The CCC party has neither recalled nor does it intend to recall any of its recently elected deployees.

“The purported author of the two letters, Sengezo Tshabangu is not and has never been a

member or official of the CCC party since its inception. His last known parties are MDCT and PDP. He is renowned for being the proxy of fielding fake CCC double candidates in Bulawayo and Matebeleland North. The Citizens’ Movement is taking action against this impostor and all his contacts.”

CCC accused Zanu PF of trying to infiltrate their ranks.

“This deplorable behavior by Zanu PF is a response to their defeat in 2023 and rejection Zimbabwe and a pathetic attempt to respond to the exercise of our freedom of association in not attending the official opening of parliament yesterday (03 October 2023).

“Meanwhile, our deployees in local authorities and Parliament should continue to discharge their responsibilities as mandated by the electorate in the just ended elections,” Mkwananzi added.

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Southern Africa

‘Controversial’ economist Gift Mugano fired from ZimTrade Board; hints at contesting his removal – New

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By Staff Reporter

ECONOMIST Gift Mugano has been fired from the ZimTrade Board for allegedly making disparaging remarks against President Emmerson Mnangagwa’s administration over the faltering economy.

He is also accused of siding with Citizens Coalition for Change (CCC) led by Nelson Chamisa amid claims by presidential spokesperson George Charamba that he drafted the CCC’s 2023 elections manifesto, allegations that he swiftly rejected.

In a letter addressed to Mugano, Secretary for Foreign Affairs and International Trade, James Manzou said the termination of Mugano’s membership from the ZimTrade Board was with immediate effect.

“I wish to inform you that the Minister of Foreign Affairs and International Trade has terminated your membership from the ZimTrade Board in terms of Article 10 of the Constitution of ZimTrade as read with Section 16 of the Public Entities and Corporate Governance Act (Chapter 10:31). The termination is with immediate effect.

“I wish to thank you for the services rendered to the Board and the Ministry and to wish you well in your future endeavours,” wrote Manzou.

ZimTrade is a joint venture between the Government of Zimbabwe and the private sector to promote local exports.

Section 16 of the Public Entities and Corporate Governance Act (Chapter 10:31) provides for the appointment and removal of board members of public entities.

The section outlines the grounds for the removal of board members, which include misconduct or incompetence, failure to attend board meetings without reasonable cause, conflict of interest, and conviction of a criminal offence, among others.

In his brief response on X, Mugano hinted he won’t go down without a fight.

“Fired from the ZimTrade Board by the appointing authority before the end of my term. This is part of the strategies of Government of Zimbabwe aimed at silencing alternative voices. It will not work on me. Zimbabwe is for us all and our views matter,” he said.

In recent weeks, Mugano has been critical of the government’s economic policies.

His last post on X prior to his axing, Mugano wrote a long thread criticising Zanu PF for failing to fix the economy and mocking Mnangagwa for the snub by opposition legislators during the official opening of the 10th Parliament Tuesday.

“I am trying to frame how the economy will look like going forward – all I see is darkness. Let me break this down for the layman: How possible is it for the GoZ to pursue international engagement which is key to driving economic development when at home the same govt is harassing the opposition?

“Yesterday, @CCCZimbabwe MPs didn’t attend the official opening of Parliament by @edmnangagwa rendering the whole process to a Zanu PF caucus.

“Of significance is the fact that millions of Zimbabweans, that is, both those who voted @CCCZimbabwe and those who couldn’t vote for various reasons but have a CCC DNA are in support of this move and will continue to have these kind of protests in the future.

“It is given that going forward national consensus on national developmental issues will be elusive.”

Over the years, Mugano represented the country at various forums on trade negotiations and investment missions abroad (Heads of State & Government Summits, Council of Ministers, Senior Officials of Trade & Technical Committees) at bilateral, regional and multilateral levels.

He has done consultancy for DFID, British Council, the Parliament of Zimbabwe, NIR Sweden, GIZ and UNFPA.

At one time he served as interim board chairman of struggling ZiscoSteel before resigning in June 2020 citing interference by Finance Minister Mthuli Ncube, and was registrar at Zimbabwe Ezekiel Guti University (ZEGU).

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Bayhorse Mine accident: 6 still trapped, 7 missing as rescue … – New

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