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The good, the bad and the ugly of 2010

THE year has come to a close with some of that stuff that would make another cool Western in the league of legendary director Sergio Leone’s The Good, the Bad and the Ugly. Marriages of conveniences surviving, de-specifications, cabinet boycotts, and the divisive WikiLeaks.

Good
January:  TN Financial Holdings listed on the ZSE through a reverse takeover of Tedco Ltd.
February :  Econet announces it will spend US$600 million on network upgrades.
May: MDC-T treasurer and deputy minister designate Roy Bennett acquitted.
Businessmen — James Makamba, John Moxon and Mutumwa Mawere —- are despecified.
June: NMB announces rights issue. African Century acquires 28% stake in NMB.
Interfin and CFX merger finalised. Interfin reverse lists CFX.
New dawn, a company controlled by former chamber boss Ian Saunders, acquires a controlling 89% stake in Central African Gold.
October: Moxon and Chanakira bury the hatchet after businessmen Philip Chiyangwa and Loackape consortium agreed to sell its 10% stake to the banker. A settlement is agreed on.
Kingdom Financial Holdings Ltd applies to the High Court seeking leave to reduce total issued share capital.  Move seen as paving way for possible relisting on the ZSE.
Business mogul Mutumwa Mawere flies in after six years outside the country.
November: Government agrees to sell 53% of its stake in Ziscosteel. Essar confirmed as the winning suitor for the troubled steel maker.
December:  PG raises US$11 million in capital raising exercise.
Government launches one-stop-shop in a bid to align with regional standards and cut through red tape associated with setting up shop. Government hopes this will help attract foreign investment.
Vice President Joice Mujuru and Finance minister Tendai Biti read the riot act to lawmakers over their decision to block the 2011 national budget.
The principals  — Mugabe, Tsvangirai and Arthur Mutambara —  tell the nation that all is well in GNU (really?).
Bad
February: Empowerment minister Saviour Kasukuwere gazettes indigenisation regulations compelling foreign business valued at US$500 000 to sell to blacks.
May: Mugabe appoints judges unilaterally.
President Mugabe says Zimbabwe could do without Kimberley Process Certification Scheme.
Roy Bennett is arrested again on other charges after the state acquits him of treason charges.
June:  Lone NMB shareholder refuses to follow his rights in a capital raising programme.
September: Tsvangirai accused Sadc boss Tomaz Salomao of lying over the handling of the Zimbabwe crisis at the Windhoek summit in August: MDC-T chief accused the regional body’s executive secretary of not capturing a report by the Sadc mediator on Zimbabwe, South African President Jacob Zuma.
October: President Robert Mugabe unilaterally appoints governors.
November: MDC-T senators walk out of senate in protest against Zanu PF governors, whom they described as invaders
Ambassador to Australia Jacqueline Zwambila recalled after allegedly stripping in front of male colleagues she accused of leaking information.
December: Star Africa announces plans to take RedStar private.
Legislators attempt to block the budget and demand pay increment.
Jonathan Moyo is appointed to Zanu PF’s politburo at the party’s annual congress.
Ugly
October: Tsvangirai boycotts cabinet.
October: Tsvangirai says ‘no’ to Monday morning tea with Bob.
Sunday Times in its South African edition reports central bank boss Gideon Gono and first lady Grace Mugabe are having an affair.
WikiLeaks makes public cables claiming the US and the MDC-T are working in cahoots to remove President Robert Mugabe from power.
Jonathan Moyo and former MDC national executive member Gabriel Chaibva call for treason charges against Tsvangirai for trying to topple Mugabe from office after WikiLeaks claimed former US envoy to Zimbabwe Christopher Dell had been working with the opposition to remove the aged leader from power.
December:  Mugabe says no to British investment. The president threatens to take over British companies if sanctions are not removed
December: Deputy prime minister Arthur Mutambara calls it quits as leader of the smaller MDC.

Chris Muronzi

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