President Emmerson Mnangagwa’s spokesperson George Charamba justified his boss’ lie that the United Kingdom advanced a $100 million loan to Zimbabwe to ease the current cash crisis.
Charamba said Mnangagwa was aware that the loan was a line of credit for the private sector. He however said Mnangagwa was right to say that the loan will ease cash shortages because there is a direct link between the loan and improvement of the cash situation in Zimbabwe. Said Charamba:
Above all, the facility has the effect of increasing capacity utilisation in the economy including ramping up our exports thereby improving foreign currency receipts. If one considers that the bond note is in fact a surrogate currency, which is linked to our foreign exchange reserves, it’s pretty obvious that there is a direct link between the $100 million facility and the improvement of the liquidity situation in the country. When politicians are addressing public meetings, within a given time frame, the expectation is that certain connections which are so obvious should be made by those whose duty it is to build knowledge and convey information with completeness.
George Charamba is Zimbabwe's presidential spokesperson as well as the permanent secretary in the Ministry of Media, Information and Broadcasting Services. Charamba is one of the longest serving permanent secretaries in the Government of Zimbabwe.He was reported to be the person using an assumed name... Read More About George Charamba
Emmerson Dambudzo Mnangagwa is a politician and the First Secretary of the Zimbabwe African National Union Patriotic Front (Zanu- PF). He is the current President of Zimbabwe and was sworn in on the 24th of November 2017 as Head of State and Government and Commander-in-Chief... Read More About Emmerson Mnangagwa