PROF GIFT MUGANO (Ph.D)
@gift_mugano
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Prof Gift Mugano (Ph.D)|Leading Expert in BRICS’ Think Tank|Director Centre for African Governance & Development| Durban University of Technology|South Africa
Chimanimani, Manicaland, ZW
Joined September 2021
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Citizens, please like and retweet this happy soul.
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BREAKING NEWS!!! I am back from India on time to vote for
@nelsonchamisa
&
@CCCZimbabwe
in the upcoming general elections.
In line with the constitutional provisions, I will exercise my constitutional rights to vote by voting for
@nelsonchamisa
on August free 2023. Why in my
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Good evening folks. Fellow Citizens I am happy to inform you that I have been appointed a Director at the Centre for African Governance and Development at the Durban University of Technology🙏🙏
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Just 10 months in office
@HHichilema
the Zambian Kwacha is now stronger than the Rand. On the contrary, in for 42 yrs, we produced nothing but poverty. African countries just need good leaders not rulers!
@joseph_kalimbwe
@nelsonchamisa
@advocatemahere
@BitiTendai
@daddyhope
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My post yesterday on the CCC manifesto yesterday continues to receive overwhelming responses from fellow Citizens. I will respond to few questions and would like to stick to issues not personal attacks as
@Pachisolife
do. Key questions I will address here are: how will the CCC
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Good folks. Fellow Citizens I am happy to inform you that I have been appointed a Director at the Centre for African Governance and Development at the Durban University of Technology 🙏🙏
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Good morning folks,
I carefully read the CCC manifesto launched by
@nelsonchamisa
yesterday.
This manifesto addresses the root causes affecting our economy which I empathetically raised over the years with no takers!
I will not attempt to summarise the manifesto but will
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My response to
@bmusonza
and other folks who are questioning me for publicly declaring my vote
@nelsonchamisa
is as follows:
I agree that under normal circumstances academics must be impartial. I did that for many years and it didn't work because our situation is abnormal.
You
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Colleagues today is my 44th birthday. Unfortunately, it is just like one of these other days - can't celebrate it. How can I be in celebration mood when 7.9 millon pple in extreme poverty; 2 5 million youths are unemployed; the majority of working population is in poverty?
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On sanctions, I equate sanctions with flies. Flies are invited by bad smell coming from the wound, for example. To stop the flies cure the wound & stop the bad smell, that is, corruption, human rights abuse, debt, drought of constitutionalism & abuse of state machinery. Period!
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A blessed Sunday to you Citizens. Meet Yours Truly, a patriotic Zimbabwean and proud supporter of
@nelsonchamisa
and
@CCCZimbabwe
👇👇👇
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Thank you a million beloved Citizens for overwhelmingly endorsing (through likes & RETWEET) my call to vote for
@nelsonchamisa
& the
@CCCZimbabwe
in the upcoming elections. Thank you
@NewsHawksLive
@NewsDayZimbabwe
@Bulawayo24News
@WeArePindula
for covering my tweet and extending
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The ONLY leader I know who is selfless, incorruptible, God - fearing, peace loving and prayerful with no blood in his hands is
@nelsonchamisa
zvimwe zvese ratove drama.
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Fired from the ZimTrade Board by the appointing authority before the end of my term! This is part of the strategies of GOZ aimed at silencing alternative voices. It will not work on me! Zimbabwe is for us all and our views matters.
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I casted my vote this morning for
@nelsonchamisa
, the
@CCCZimbabwe
MP and councillor. The future is here!
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If you know, you know. It can be only His grace
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Three months ago I foresaw this current drama where banks are refusing to honour local nostro accounts
@BusinessWeeklyZ
- see the link below. We could have avoided this if
@MthuliNcube
took my advice which i gave him for free since 2018.
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Yours Truly passed this place. When I look at the state of infrastructure here, it reminds me of the world class infrastructure
@nelsonchamisa
and the
@CCCZimbabwe
will soon rollout in our beloved country!
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Today, Yours Truly is celebrating his 46th birthday.
At the airport in country A. He is off to country B to undertake an exciting assignment.
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Sanctions are flies which are invited by the wound e.g. corruption. Govt study show that in 20 yrs Zim lost US$40bn due to sanctions. Ironically, studies shows that Zim loses US$3bn/yr (=US$60bn in 20 yrs) due to corruption. Stop corruption! Let's have a gala on corruption first!
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Early this year, I was appointed as a Leading Expert for the BRICS nations’ research consortium made up of the Durban University of Technology and National Institute of Humanities and Social Sciences (NIHSS) that houses the South African BRICS Think Tank. Attached is our output.
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Today is my 45th birthday! I celebrate it with honour and hope because I know that the future is bright! My birthday coincide with the publication of my 5th book by Palgrave Macmillan titled: SMEs Perspective in Africa: Creating Sustainable and Resilient Economies. The time is
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Ministers are misleading
@edmnangagwa
on the state of the economy and economic progress. During the state of the nation address (SONA)
@edmnangagwa
reported that the mining sector has grown to US$12 billion up from US$2.8 billion in 2017. In some fora
@edmnangagwa
reported that
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The results of experimenting with the economy are out!
@daddyhope
@Wamagaisa
@czionline
@advocatemahere
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Nyika dzekunze dzapindira. Off to the farm to defend Mr ZiG! Zvitiyo zvamukoma George
@dhonzamusoro007
alone haven’t been effective in supporting our currency!
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Life teaches us so many things.
In recent weeks and days, I was left with no choice but to accept that, contrary to the notion that highly educated people & thought leaders (especially professors) are selfless, cares about weak people and are bridges to prosperity; the reality
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Parliament must reject the anti-people and anti- industry budget which was presented by
@MthuliNcube
yesterday.
The proposed tax hikes and the move to exclude the informal traders from the mainstream economy will bring more pain to the already impoverished people.
The decision
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UNPACKING WHY THE NEW CURRENCY (ZIG) WILL FAIL
Yesterday, Honourable Mutsvangwa held a press conference and as usual he went on rampage calling me all sorts of names because I raised reservations on the new currency [Zimbabwe Gold (ZiG)].
I thought that it is fair that I
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Citizens I was in SA last week and transacted in Rands including these coins. Ironically, these coins have been used for decades and they buy but our ZWL100 can't buy anything. What are we really doing to ourselves?
@ReserveBankZIM
@MthuliNcube
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Look at this new pricing regime. This is reality. I know some colleagues will say all sorts of things to defend their failed policies but it does change the reality. Economics is a field which doesn't respect propaganda or emotions. Unfortunately, the toolbox is now empty!
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Our policy makers and their failed mantras:
“If the bond note fails, I will resign,” Dr JP Mangudya
“Failure is not an option,” Dr G Gono
“Judge after six months,” Mthuli Ncube
“If you give me six months, you will see changes, significant changes,” Mthuli Ncube
“I have only
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Cry my beloved country cry 😢 😭 💔. Mukoma
@nigelchanakira
this is what I call leadership!!! Well said. You are an asset to this country and your voice matters.
True in our lifetime we will see a better Zimbabwe - see Psalms 27: 13 - 14:
13: I believe that I will see the
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2.6 tons of gold & US$100m (i.e., US$291.8m equivalent) are a drop in the ocean.
Here is the simple mathematics:
If we combined 1.1 tons of gold (local) and 1.5 tons of gold (offshore), we have 2.6 tons of gold. If we use the price of gold per ounce of US$2294 as of yesterday,
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We are an educated nation. We fought against all forms of oppression and liberated ourselves from the Smith regime. Why are we behaving worse than the Smith regime???? Why do we kill & injure our fellow citizens when we are fulfilling our constitutional mandate on elections???
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After 6 months, pple in extreme poverty rose from 29% in 2018 (4.5 million) to 49% (7.9 million); our currency became useless to the extent that national budget rose from $8.1 billion in 2018 to $968 billion in 2022 (11,900%) & education & health now in graveyard
@MthuliNcube
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Homeboy, once you pass through this stage (see photo) then we can start to reason together. At the moment, I am very far away from you🤣🤣🤣🤣. As long as you remain where you are, you will not understand anything from the esteemed Professor. Check the timeline. Everything I said
@gift_mugano
@ReserveBankZIM
Your mind of degrading fairly remarkably; nothing professorial in your tweets. Only the spite of a Chimanimani villager dressed in outsized coattail!!!!!🤣🤣🤣🤣🤣
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Yours Truly outlined what the GOZ must do to guarantee the success of ZiG but was svasvangwad. Resultantly, Yours truly told the GOZ that in 6 ZiG will start its journey towards the graveyard of previous currencies. ZiG is in intensive care unit. It’s surrounded by doctors from
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Good day CITIZENS. As promised last week, today I am reviewing the manifesto of
@ZANUPF_Official
, i.e., the works of
@ZANUPF_Official
since 1980. At independence, Zimbabwe adopted a strong economy whose currency was stronger than the USD, i.e., Z$1 = US$1.5.
The
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Good evening esteemed Citizens. I come in peace. Please help me to understand the mandate and scope for the Ministry of Skills Audit and Development. What kind of work this Ministry is expected to undertake for the next 5 years?
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Fellow Citizens, please come here!
The genesis of currency crisis started on 14 November 1997 when the ZW$ crashed - the Black Friday. More than 26 years down the line, we have hip hopped from one currency to another as follows:
From ZW$ (the currency we adopted at
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Good morning fellow Citizens. On this beautiful Sunday, in my full understanding that
@nelsonchamisa
is the ONLY ANSWER to our problems, I remind you of the word of God in Psalms 27:13-14:
13. I believe that I will see the goodness of the LORD in this world of the living.
14.
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At Robert Gabriel Mugabe International Airport.
@edmnangagwa
chakanaka chakanaka mukaka haurungwi 👏👏👏👏
@dhonzamusoro007
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The market is the final arbiter on dollarisation not
@MthuliNcube
. We read the market trends that is why we can tell in advance that the market is dollarising in June 2022. No amount of statutory instruments nor press statements can silence the market
@NewsDayZimbabwe
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I see that there so much excitement within the GOZ corridors coming on the back of the fact that out of US$30 million put on offer at the auction, only US$10 million was purchased by banks for onward sale to banks' clients. From GOZ's perspective, this is evidence of success of
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This is not correct
@MthuliNcube
. The US$175 only covers rent for 2 rooms. The lowest paid civil servant earns 35K which is about $40. The $40 has to sustain the poor civil servant & his family for the whole month. Workers are underpaid
#payworkerswell
😭
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Didn't I say that there is no volcano, earthquake, cyclone or gymnastics which can't take out
@nelsonchamisa
from the equation of the solutions of Zimbabwe's problems? Ndikunzwei futi muchiti fake professor 👇👇👇
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Our esteemed Governor underestimate the power of the black market. The decision by GOZ’s to allow exclusive use of USD at the fuel stations is the biggest mistake 101. The black market can’t be killed by ZiG. Rather, ZiG will be killed by money changers. Mark this post!
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I have the same feeling my President
@nelsonchamisa
. Darkness will not prevail over light!
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The word of God in Numbers 23:19 tells us that:
“God is not a man, that He should lie, Nor a son of man, that He should repent. Has He said, and will He not do? Or has He spoken, and will He not make it good?"
In line with the word of God in Psalms 27:13-14 the Citizens should
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When I says wheels are off, some cdes are in denial. Look at the price of tissues. What is more worrying is the deafening silence from policy markers - is it a sign of running out of ideas
@GeorgeCharamba2
? Muchaita sei ne economy nhai imi? Muchaita sei?
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Finish!! Fuel stations are encouraged not directed? This means that ZiG can’t buy fuel? ZiG will not make it!
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Mukoma
@GeorgeCharamba2
inhema. How I wish to rub shoulders with
@nelsonchamisa
mwana wamai Nelisoni shumba yeZimbabwe yodai kukuswedzai pa twitter muchiverenga manifesto kutsvaga pekunyomba muchipashaya 🤣🤣🤣🤣🤣 let me laugh hangu ini mwana waNaume muzondituka henyu ndichifara
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Those who question my academic credentials on this platform tell me what drove 2023 budget to $3.4 trillion up from $1.9 trillion (79%) & $19 trillion GDP in 2023 up from $10 trillion (90%) when
@MthuliNcube
expect the economy to grow by 5%? The answer is inflation. Its gloomy!
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The Government of Zimbabwe will always be in Zimbabwe not in exile because Zimbabwe is not in exile.
The situation is worsened by the fact that the sponsors of the GIE undertook a massive character assassination of
@nelsonchamisa
as a precursor for the presentation of the GIE.
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This week, Yours Truly was in India where he made a presentation at the International Conference on Restructuring, Revamping, Rebuilding the Independent India: Reforms in Agriculture, Administrative, Economic and Entrepreneurial Sectors. This was part of the country's 76th
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Out of interest, why is that GOZ goes public on salary negotiations & final outcomes. In a market with rational expectations, this drives up the exchanges. When the salary is finally awarded it will be meaningless. Salary talks must be confidential.
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Rates are now at ZWL1200/US$1 because treasury pumps billions into the market. The irony is that these billions are from the 2022 budget. Now wait for the 2023 budget which has just kicked in. Those who doubted my predictions think twice -see screenshot
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Your ever patriotic citizen at work. I have a good feeling that Zimbabwe economy will turnaround after the general elections. Why and how I don't know - it's just a feeling.
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1/...We are now implementing the right policies too late. We should have done this on 20 February 2019 when the interbank was introduced. This is too late! At this rate, wages, pensions, national budget & capital will be wipped out. Prices will hit the roof. It's getting worse!
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This week
@Vahombe07
@Pachisolife
and comrades from
@ZANUPF_Official
were poking me to comment on the recent fall of the official exchange. Some comrades, as has been the norm in recent years, were questioning my academic credentials. What is amazing is that you seem to have
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With my BIG brother
@nigelchanakira
. We had a fantastic meeting today. We shared notes on exciting opportunities which are untapped in Africa and the need to use our intellectual capital to contribute to the development agenda in Africa
#SDGs
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All I can say is that tsoro yese ichabata
@MthuliNcube
yavekupisa. Takainonokera colgate vedu woye. No amount of meetings, statutory instruments or press statements can correct the current economic quagmire
@NewsDayZimbabwe
. I hope they won't ban USD - it won't work!
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If there are sufficient reserves, why is GOZ is afraid to enforce use of ZiG at fuel service stations? This means that I was right when I said that the reserves are insufficient!
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Few questions to
@MthuliNcube
on today's press statement:
1. Since treasury didn't budget for the payment of the 25% export retention, where is the money going to come from?
2. Auction allocation limited to a max of US$5m per week? That little? Why can't you shut it down?
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This is the result you get when you introduce a currency without right fundamentals in place
@ReserveBankZIM
@ZimTreasury
@dhonzamusoro007
Yours Truly
Currency Seer
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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:
1. How possible is it for the GOZ to pursue international engagement which is key driving economic development when at home the same govt is
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Colleagues I told you that the
@MthuliNcube
has no other options to rein in macroeconomic instability. This press statement is a clear testimony that govt has run out of ideas. There is nothing new - there was no need for press statements
@NewsDayZimbabwe
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Government has frozen accounts of Harare City Council to stop the wave of dollarisation but hasn't frozen its accounts at Home Affairs and Zimra where passports & duties are strictly in USD. This is policy inconsistency! This is not sustainable!
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44 years after independence Air Zimbabwe is still planning to fly into our neighboring countries? Seriously?
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After going through
@MthuliNcube
budget over and over and mapping out its possible implications on the people and industry, I am convinced that we are in a big mess! We have our own economic Maguire.
2024 Budget debate: Mthuli is like Maguire, scoring own goals.
A must watch
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This is how the black market & official rates will behave for the next couple of weeks as we take the ZWL to the burial site - this what happens when you liberalise exchange rate too late - buying toothpaste when u have run out of teeth
@GeorgeCharamba2
tichasvinura 🙊🙊
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Congratulations
@daddyhope
. Our global hero, anti-corruption champion & advocate of accountability. If we are serious about fighting corruption, as team Zimbabwe, including anti-corruption institutions we should be celebrating with
@daddyhope
? Waiting for anti-corruption gala🥂🥂
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I still insist that the US$285m is a drop in the ocean.
I listened to the Governor's response with much respect. However, I would like to argue my case as follows:
- The submission by the Governor is narrowly focusing on the view that the economy is dollarised. Yes, from a
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Seriously? Is he saying the kinds of roads such as Lorraine drive pocketed US$1.7 billion?
THE government spent at least US$1,7 billion on rehabilitation of roads ahead of the just-ended Sadc Summit, figures released by Transport minister Felix Mhona show.>
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Yours Truly doing what he knows best in the region - driving the regional industrialization agenda
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Professor Innocent Chirisa
@ChirisaInnocent
& myself graduated with a Diploma in Theology from the ZAOGA's Africa Multinational for Christ College (AMFCC Bible School). Zimbabwe needs God fearing leaders. We are all leaders in our own right. Looking forward for an exciting 2023.
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Those who followed my comments on recent policy missteps can confirm that I abundantly made it clear that there will be shortages!
@daddyhope
@Wamagaisa
@czionline
@ZNCCNational
@eddiemahembe
@NewsDayZimbabwe
@advocatemahere
@adv_fulcrum
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1/ The 2023 budget is a total disaster! Just looking at numbers, a $4.5 trillion budget up from the original 2022 budget & supplementary budget by 385% & 137%, respectively. These figures tells us that in 2023 inflation spiral will continue
@MthuliNcube
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The enemies of our currency & the so-called structured currency are:
1. Excessive printing of money & excess liquidity caused by command agriculture; wrong financing model on roads & key infrastructures;
2. A dominant informal sector which is governed by informal rules & has no
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I offered suggestions focused on the need to increase production , confidence & exclusive use of ZiG (creating demand for the ZiG) as minimum requirements for the survival of ZiG.
GoZ categorically made it clear that it will not force use of ZiG on fuel stations, duties and
The
@ZANUPF_Official
spokesperson Christopher Mutsvangwa challenges
@gift_mugano
on his analysis of the newly introduced ZiG, saying the newly introduced currency will be way better than the USD. Full statement
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This statement by
@ReserveBankZIM
is reckless and counterproductive. Touch not diaspora remittances
@ReserveBankZIM
.
The
@ReserveBankZIM
says it will be looking at how to keep foreign remittances in the bank. This could include forcing those who get money from their relatives in the diaspora to change it into local currency. - full submission
#CapitalMarkets
on this link
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Can
@ReserveBankZIM
explain to us why we should have confidence in ZiG, that is, digital gold coins backed by gold when in 2016 the bond notes which were backed by US$200 million facility ‘secured from Afreximbank’ went up in smoke (gedye yakaramba)?
Conceptually, ZiG = bond
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Hon Minister compared apples and bananas. He said Zim education is cheap -he knows that in SA University education cost R25K per year. He doesn't know that a teacher in SA earn R25k & in Zim earns approx US$200. Zim edu is expensive due to low salary.
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On 9 October 2023, I made a prediction that ZiG will be the new currency. Here we are!
My brother
@Pachisolife
do you still remember this discussion we had on 9 October 2023.
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Comrade
@dereckgoto
you really thought that ZiG will destroy my credibility! How far now?
I always say propaganda & hate will not us help to develop our beloved country.
Now since your ZiG has collapsed muchaita sei?
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In just 10 days the policy measure is reversed! We don't run economy using emotions
@MthuliNcube
@GGuvamatanga
@AndrewBvumbe
@DrJPMangudya
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Today is our Independence Day! We honour our heroes & heroines who sacrificed their lives and gave us our “freedom”.
However, we celebrate this day in tears because we have not tested the full meaning of independence as we have witnessed regression in several ways:
1. We seen
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What are the fears? Queues? I thought
@ReserveBankZIM
has enough reserves of foreign assets? The Governor said on a number of occasions that if you want foreign currency go to your bank. I thought that fuel stations can also go to the bank after selling in ZiG? Asi nhava izere
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On the name of our currencies:
@ReserveBankZIM
has been giving our currencies these fun names: Bond note, RTGS, Zimbabwe Dollar Local (ZWL), USD and Zimbabwe Gold (ZiG).
Why can’t we stick to one name (Zimbabwe Dollar (ZWD)) tofamba naro ZWD redu tichidonha naro tichisimuka
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See below the Minister of Finance is now asking for forgiveness after spending outside the budget yet he used to tell us that zvakarongeka...he is running budget surplus
@NewsDayZimbabwe
🙌🙌
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Morning
@Vahombe07
🙏🙏 Your call for alternative ideas is well received. Here are my 2c:
1. GOZ must accept the ZiG first- all taxes, fees and payments (salaries, payments to contractors & service providers) must be in ZiG
2. In line with (1), Fuel at government owned garages,
To those that are in the Opposition that likes to oppose anything that the Government does, please tell us your alternative to the ZiG (Zimbabwe Gold) currency!
Your response with alternative ideas & not Vitriol, will be much appreciated
@gift_mugano
@baba_nyenyedzi
@BitiTendai
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Good morning mukoma George. Thank you very much for your response. I took few a hours to reflect on it. Here is my submission:
1. My reference to PhD was intended to pull your leg because you had gone too far in attacking me. Manga manyanga kundiita kanyama kanyama. I am happy
My gadget played up on me, hence the delayed response to the good Professor. Just to let him know that being a PhD does not suggest you are a better intellectual than the rest of us. And that we do not parade our qualifications does not mean you are better read than all of us.
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So
@Tinoedzazvimwe1
if I had supported
@edmnangagwa
and
@ZANUPF_Official
I will be the opposite of SICHUPETI? If that is the case I would rather remain a happy SICHUPETI!
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Robert Gabriel Mugabe International 👌👌👌chakanaka chakanaka mukaka haurungwi
@edmnangagwa
@dhonzamusoro007
@nickmangwana
@NdunaDexter1
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