Embattled opposition MDC Alliance leader Nelson Chamisa has sensationally claimed that after rigging the 2018 presidential poll, President Emmerson Mnangagwa's government dangled lucrative perks to him so that he could dump his electoral challenge.
Chamisa said he snubbed the offer, saying he would rather stand with the oppressed people than wine and dine with ruling party elites as opposition leader in Parliament.
The opposition leader made the disclosure at the funeral of the late recalled MP Annah Muyambo Mpofu in Chitungwiza at the weekend.
He vowed to resist trappings of power and material possessions at the expense of the people's struggle.
The MDC Alliance leader, who has since lost control of the MDC party headquarters, and 32 parliamentary seats to the rival MDCT camp led by Thokozani Khupe whom he trounced in the 2018 elections, said he would continue standing firm and not give in to Zanu-PF's machinations to destroy his party.
Chamisa said Mnangagwa had offered him State security aides, a motorcade, and an office among other attractive benefits as leader of the opposition soon after the disputed 2018 harmonised elections.
The perks that Chamisa snubbed were now likely going to be enjoyed by Khupe, who was sworn in last week as Member of Parliament and leader of the opposition in Parliament.
"They came to me and said they would give me a motorcade, vehicles, perks and bodyguards, but I refused saying life is not all about that," Chamisa said.
"It is about legacy and sacrifice for the good of the people. I told them they can take anything from us, but let us remain with the people and that way we will get where we want to be."
Chamisa added: "We are not in politics for money or positions. Those who want money can go where the money is. We are here for the people and we will stand with the people knowing that ultimately, the power of the people will prevail."
Presidential spokesperson George Charamba confirmed on his official Twitter handle that Chamisa would have benefited from the post of leader of the opposition had he not snubbed the offer.
He said there was nothing amiss about perks for opposition members as it was meant to "engender collaborative national politics in the country".
"The idea of providing and pegging perks for the leader of the opposition predates rancour in the opposition. As a matter of fact, it is meant to align Zimbabwe's practices to those obtaining in most Commonwealth countries, and of course to engender collaborative national politics in the country.
"As a matter of fact, Chamisa would have been the first beneficiary had he not snubbed the idea in favour of adversarial post-election politics which has landed him in the current slough. It doesn't make sense or intelligence to personalise a measure mooted on the basis of precedence elsewhere in the world, and one likely to be realized in terms of a law passed by the Parliament of Zimbabwe to which the opposition is a party," Charamba tweeted.
At the same funeral wake in Chitungwiza, Zengeza West MP Job Sikhala told mourners that it was time for the MDC Alliance leadership to realise that popularity alone did not translate into State power.
"Popularity does not win power. There were leaders who were unpopular in the world who ruled for decades. (The late former President Robert) Mugabe was the most unpopular leader, but he ruled for 37 years. Morgan Tsvangirai (the late MDC-T leader) was the most popular leader since the advent of politics in the whole world, but he died without leading," Sikhala said.
"We have 2,6 million votes, meaning our president and party are the most popular brands in the political matrix of Zimbabwe, but we are not in power. ED is unpopular, but he is in power. My sister Khupe, even reptiles and dogs do not want to see her, but she is in power. Power is now being controlled by the unpopular while the popular ones are not in power," he added, urging the party to restrategise.
Meanwhile, the MDC Alliance yesterday presented its audited financial statements for the seven months ended December 31, 2019, whose major findings revealed that the party received more than $6, 2 million from its party membership and government from May 27 to December 2019.
The audit was carried out by Auditax Chartered Accountants in Zimbabwe following reports of abuse of funds by Chamisa's former lieutenants who have defected to Khupe's party.
"The directors have assessed the ability of the party to continue operating as a going concern and believe that the preparation of these financial statements on a going concern basis is still appropriate. However, the directors believe that under the current economic environment a continuous assessment of the ability of the party to continue to operate as a going concern will need to be performed to determine the continued appropriateness of the going concern assumption that has been applied in the preparation of these financial statements," the auditors said.
The party this year failed to access its share of funds under the Political Parties (Finance) Act after the $7 million earmarked for the MDC Alliance was diverted to Khupe's MDC-T. Since then the MDC Alliance has been struggling to meet running costs.
Info News
Term vs Whole Life Insurance: Compare Costs and Coverage
Life insurance can protect a family from financial hardship if a wage earner, caregiver, or business owner passes away. The challenge is choosing the right type of policy. Two of the most common options are term life insurance and whole life insurance. Both can provide a death benefit, but they work differently, cost differently, and fit different planning goals.
Term life insurance is designed to last for a specific period, such as 10, 20, or 30 years. If the insured person dies during the term and the policy is active, the beneficiary receives the death benefit. If the term ends and the policy is not renewed or converted, coverage ends. Because term life does not usually build cash value, it is often more affordable than permanent life insurance for the same death benefit.
Term life can make sense when the main need is temporary protection. Parents may choose a term that lasts until children are grown, a mortgage is paid down, or college costs are no longer a concern. Business partners may use term life to support a buy-sell agreement during key growth years. A family with a tight budget may choose term insurance because it can provide a larger death benefit for a lower premium.
Whole life insurance is a type of permanent life insurance. It is designed to last for the insured person's lifetime as long as required premiums are paid. Whole life policies can build cash value over time. The cash value may be borrowed against or accessed under certain conditions, but loans and withdrawals can reduce the death benefit and may have tax consequences. Whole life premiums are usually much higher than term life premiums for the same initial death benefit.
Whole life can make sense for people who want lifetime coverage, predictable premiums, estate planning support, or a policy that includes cash value. It may also appeal to people who have already built a strong emergency fund, retirement savings, and basic protection, and who want another long-term planning tool. However, it is not automatically better simply because it lasts longer.
The right choice depends on the purpose of the coverage. If the goal is replacing income while children are young, covering a mortgage, or protecting a spouse during working years, term life may be enough. If the goal is lifetime estate liquidity, legacy planning, or long-term coverage that does not expire, whole life may be worth comparing.
Premiums should be reviewed carefully. A policy is only useful if you can keep it active. Buying an expensive permanent policy and later canceling it can be costly. Before choosing whole life, compare how the same dollars could be used for term coverage, retirement contributions, debt payoff, emergency savings, or other goals. This is not an either-or decision for everyone; some people use term life for large temporary needs and a smaller permanent policy for lifelong needs.
Underwriting is another factor. Insurers may review age, health history, medication, family history, lifestyle, driving record, occupation, hobbies, and sometimes medical exam results. Younger and healthier applicants often qualify for lower premiums, but each company evaluates risk differently. If you have a medical condition, an independent broker may help compare multiple insurers.
When comparing quotes, look beyond the premium. Ask whether the policy is level term or renewable term, whether it can be converted to permanent coverage, how long the premium is guaranteed, whether riders are included, and what happens if payments are missed. For whole life, ask for an in-force illustration, guaranteed values, non-guaranteed assumptions, surrender charges, loan interest, and how dividends are handled if applicable.
Common riders include waiver of premium, accelerated death benefit, child term rider, and guaranteed insurability. Riders can add flexibility, but they can also increase cost. Only add riders that solve a clear need.
Life insurance is not just a product; it is a financial safety plan. Start by estimating how much money your family would need for housing, debt, childcare, education, final expenses, and income replacement. Then compare policy types around that need. A licensed insurance professional or financial planner can help you evaluate options based on your state, budget, tax situation, and family goals.
Student Loan Refinancing: Smart Financial Strategies for Graduates
Student loan debt continues to affect millions of graduates worldwide, making refinancing an attractive option for borrowers seeking better repayment terms. Student loan refinancing combines existing loans into a single new loan with updated interest rates and repayment conditions. Many borrowers refinance to reduce monthly payments, simplify debt management, and lower overall interest costs.
rnrn
Private lenders often offer competitive refinancing rates to borrowers with strong credit histories and stable income. Some lenders also provide flexible repayment schedules, autopay discounts, and personalized loan terms designed to support long-term financial planning. Graduates working in high-income professions may qualify for lower interest rates that significantly reduce repayment costs.
rnrn
Borrowers should carefully consider the differences between federal and private student loans before refinancing. Federal loans often include valuable benefits such as income-driven repayment plans, deferment options, and loan forgiveness programs. Refinancing federal loans into private loans may eliminate access to these protections permanently.
rnrn
Financial advisors recommend comparing multiple lenders, reviewing loan conditions carefully, and understanding long-term repayment obligations before refinancing student loans. Responsible debt management and consistent payments can improve financial health while reducing financial stress for graduates and working professionals.
rn