Vol.9 No.145 Monday. AUGUST 26, 2019.Cdr
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K Y M C MONDAY AUGUST 26 2019 www .thenewdawnliberia.com NEW DA WN 2 Continental News Zimbabwe: Is it worse off than under former President Mugabe? ife in Zimbabwe is Pr o g r a m m e ( W F P ) h a s now worse than appealed for funds for food aid, Lu n d e r f o r m e r for what it calls the country's President Robert Mugabe, "worst-ever hunger crisis". according to Fadzayi Mahere It says people in Zimbabwe of the opposition Movement have been severely affected by for Democratic Change the impact of Cyclone Idai in (MDC).Verdict: It's true that March, droughts in some parts in recent months, the of the country and what it economic situation has c a l l e d " e c o n o m i c worsened. But there were stagnation".The government periods during Mr Mugabe's has also reintroduced its own long rule when the economic currency after a decade of i n d i c a tors w e re m u c h relying on the US dollar. worse.The opposition in This prompted an outcry Zimbabwe has called for from many workers, who would protests over conditions in prefer to be paid in US dollars, the country, accusing the and whose wages have shrunk government of economic in the past year because of mismanagement. inflation.Despite the current Since 2017, Zimbabwe has g l o o m y e c o n o m i c been led by President environment, there were Emmerson Mnangagwa, took over.The latest economic jobs and wages as businesses possible to argue from this data periods under Mr Mugabe's following the overthrow of his data suggests Zimbabwe's struggle through difficult t h a t t h e s i t u a t i o n i s years in power that were far long-serving predecessor economy has actually been times. significantly worse today than worse.In 2007-09, the country Robert Mugabe by the shrinking over the past year as But the projected figure for u n d e r t h e p r e v i o u s went through a period of military.We've taken a look at measured by gross domestic 2019 is only slightly lower than administration. extreme hyperinflation that some key national economic product (GDP) per capita, the for 2017, Mugabe's final year in However, another important made the local currency indicators as a measure of average economic output per office. measure of the overall health worthless. whether Zimbabweans are person. So although Zimbabweans of an economy is the level of At one point in 2008, the worse off today than they This might be felt by may be feeling the effects of investment by businesses. annual inflation rate was over were before Mr Mnangagwa Zimbabweans as a squeeze on the recent decline, it's not This has fallen sharply since 500 billion percent according 2017. As a percentage of the to the UN, and there was also value of the economy, it was high unemployment. nearly three times higher than "In 2008, there was little Algeria minister quits the projected figure for food on the shelves. It was 2019.The government blames much worse on the ground than international sanctions, in it is now," says the BBC's Shingai place since 2002, for damaging Nyoka in Harare. after concert stampede There was widespread the economy. lgeria's culture Thousands had gathered at to demand political reforms These sanctions target top unrest and a government m i n i s t e r h a s a stadium to see Abderraouf f o l l o w i n g t h e f o r c e d officials and state-owned crackdown that saw large-scale Aresigned, after the Derradji, better known as resignation of long-serving companies, and the US says killings and arrests by security deaths of five young music Soolking, perform when a ruler Abdelaziz Bouteflika in they won't be removed until forces. fans in a stampede at a stampede broken out at one of April.Police chief Abdelkader meaningful political reforms "Mr Mugabe inherited a packed concert by a popular the entrances.French-based Kara Bouhadba was sacked on take place.When it comes to stable functioning economy rapper. Soolking, 29, is a huge star in Saturday by Interim President how ordinary Zimbabweans that for the first 15 years of his M e r i e m M e r d a c i ' s the North African state. Abdelkader Bensalah, AFP really feel about the economic rule he built on, creating a resignation follows public His song La Liberte, or news agency reports. situation, it's price inflation thriving black middle class," outrage over Thursday's Freedom, is often heard at No official reason was that has more direct impact on says Ms Nyoka."But the last two stampede in the capital, protests that have been taking given for the dismissal, but an their daily lives than overall decades of his rule ruined the Algiers. place in Algeria every Friday unnamed security official told growth or investment data. economy. In its two years in AFP that it was "linked to the At the end of 2017 when Mr office, the current government Soolking concert". Mugabe was removed from is still trying to resolve legacy issues from Mr Mugabe's The head of the public office, the annual rate of r u l e . " S i n c e t h e n e w body in charge of organising inflation - that's the rate at government came into power it concerts, Sami Benchik el which prices rise - was around has undertaken a number of Hocine, was sacked on 5%. austerity measures - cutting Friday.Many Algerians have Inflation remained low until spending, reducing some public blamed poor security for the towards the end of 2018, but then rose sharply through the sector wages and introducing stampede, which also left new taxes - which it says are to more than 20 people injured. first half of 2019, reaching an annualised rate of 176% in get the economy back on track. The concert went ahead June.This is a measure of It has also said it is "open for and was broadcast live on general consumer prices across business" after years of Algerian TV.A journalist who the economy.If this is narrowed international isolation and high was at the concert, Linda down to just food prices, the spending under Mr Mugabe. Chebbah, told BBC Newsday picture looks even bleaker.The It says the reforms are that from the beginning it annual food inflation figure necessary to create an looked like something was released in June 2019 was environment favourable for wrong. measured at more than 250% investors to create jobs.But "There were way too many according to the UN.So the cost Z i m b a b w e a n e c o n o m i s t people for this stadium. On of food on shop shelves has Godfrey Kanyenze says the the pitch, people were increased, fuel is in short current government's austerity jostling for space. There were supply and people's pensions policies have "spawned chronic Security arrangements to control so many people at the are now worth much less. h i g h i n f l a t i o n a n d the crowd were said to be poor concert, that I'm not surprised The UN's World Food impoverished the majority of an accident happened."BBC Zimbabweans".BBC MONDAY AUGUST 26 2019 www .thenewdawnliberia.com NEW DA WN 3 Editorial Commentary By Robert Skidelsky Stop politicizing The Fall and Rise national security of Public Heroism PRESIDENT GEORGE WEAH'S ruling Coalition government is The value of heroism is again on the rise, especially in countries where threading a very dangerous path by politicizing security of the undemocratic regimes can no longer be relied on to deliver economic people. Complacency by the Liberian National Police in prosperity. The future may well lie not with politicians and diplomats, recent electoral violence in Montsrrao County District#15 and but with those men – and women – who are willing to die. other areas in Monrovia, resulting to injuries and vandalism drew widespread condemnations here. ONDON – Recently I watched The Man Who they dare, the better it is, both for the THE VIOLENCE BETWEEN supporters of the President's Was Too Free, a moving documentary about commonwealth, and themselves.” The growth of governing Coalition for Democratic Change and opposition Lthe Russian dissident politician Boris professionalism, and the spread of peaceful supporters intensified following the July 29, 2019 by- Nemtsov, who was gunned down in front of the commerce and manufacturing, lessened the need elections in Montserrado in which the ruling party performed Kremlin in 2015. A young, handsome rising for heroic or courageous acts. The overall dismally to the four collaborating opposition political parties. political star in the 1990s, Nemtsov later refused tendency of modern science and social to bend to Russian President Vladimir Putin’s organization has been to create a world in which authoritarianism and went into opposition, courage and other virtues will no longer be BUT EVEN MORE disgusting was last week's disgraceful where he was harassed, imprisoned, and finally necessary.