Mugabe readies for new term

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By Zimbabwe Investor on August 19, 2013. No Comments

Robert Mugabe was announced as winner with 61% of vote

READY TO SERVE: Robert Mugabe will be sworn in on Thursday

HARARE (Zimbabwe) – Zimbabwe’s newly re-elected President Robert Mugabe will be inaugurated on Thursday to start a new five year term after rival Morgan Tsvangirai withdrew his court application challenging the election outcome.

The Zanu PF leader who has led the country for 33 years since independence in 1980 polled 61% of the vote against Tsvangirai’s 31% giving him a fresh mandate ending a 4-year period of a troubled inclusive government.

The 89 year old Mugabe received a rapturous reception from fellow SADC heads of states at the weekend regional summit held in Malawi where he was elected to the post of vice-chair of the bloc.

Tsvangirai of the opposition MDC went to court to challenge the election outcome citing several irregularities. He however on Friday withdrew his application after failing to obtain material he wanted as evidence from the Zimbabwe Electoral Commission in time for the hearing.

Mugabe has already said his party will intensify its controversial indigenisation policy. Minister responsible, Saviour Kasukuwere soon after the election results were announced announced that the new government would be launching a new stock exchange where only black people will be allowed to trade.