Zimbabwe

'Cash-strapped' Zim ready to host SADC summit

2014-07-17 12:29
File: AFP

File: AFP

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Special Report

Mugabe an iconic figure, says British envoy
Mugabe an iconic figure, says British envoy

Britain's new ambassador to Zimbabwe says the country's president Robert Mugabe is an iconic figure, and is also willing to normalise relations between the two countries.

Cape Town – Zimbabwe's foreign affairs minister Simbarashe Mumbengegwi says his country is ready to host the 34th SADC summit to be held in Victoria Falls next month.

The minister, according to video footage posted on YouTube by The Herald, said preparations were on track and "everything will be in place by the time that the summit is held".

A report by the News Day, however, said President Robert Mugabe's cash-strapped government was banking on financial support from the private and corporate sectors to host the summit.

Theme of the summit

The summit which will be held on 17 and 18 August will run under the theme: SADC Strategy for Economic Transformation: Leveraging the Region’s Diverse Resources for Sustainable Economic and Social Development through Beneficiation and Value Addition.

Mumbengegwi said the theme was selected "very very carefully" because Zimbabwe believed strongly in the importance of beneficiating and value adding of natural resources.

He said Mugabe had never stopped talking about the issue of the importance of natural resources and how Africa, as a continent should benefit from them.

Mumbengegwi decried the continued exportation of Africa's natural resources in their raw form, a situation he said saw the continent benefiting only 10% of the value of the products.

Watch the video below in which Mumbengegwi talks about the theme of the summit



He said the question of value addition was critical not only to Zimbabwe but to the whole of SADC. It was therefore, against this backdrop that Zimbabwe, in consultation of the SADC secretariat, had come up with a theme that sought to address this issue, he said.

"The SADC region is endowed with resources, the same as Africa as a whole... But the paradox is that with such abundance of natural resources, we are poor... Why are we poor? Because we do not get the full benefit of our natural resources," Mumbengegwi says in the video.

The upcoming summit is also set to see Mugabe assume the role SADC chair after he was elected vice chair in August last year.

Watch the video below in which Mumbengegwi talks about Mugabe's role of chair



Mugabe will take over from Peter Mutarika who recently won a tightly contested and controversial presidential election in Malawi.

Mumbengegwi said it was an honour that Zimbabwe, for the next three years would be "playing an important role in the leadership of SADC".

Zimbabwe takes leadership of the block amid recent calls for regional states to unite to restore peace in the Democratic Republic of Congo.

- News24

Read more on:    sadc  |  robert mugabe  |  simbarashe mumbengegwi  |  zimbabwe  |  southern africa
NEXT ON NEWS24X

Secret talks in Lesotho

2014-10-23 19:04

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
36 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Sport

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R1000 on Hisense smartphones!

View the large range of Hisense smartphones. Buy today and save up to R1000!

Deal of the week!

Save R1200 on the Samsung 48” smart full HD LED television now only R8799. Buy now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Mind blowing prices – As seen on TV

Get mind blowing prices on 1000’s of products! Shop now.

Save 20% on Nivea beauty products!

Buy any two Nivea beauty products and save 20%. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is a tendency to focus too intently on outer appearance and beauty which hides who you really are. You are being challenged...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.