Friday, October 02

Mnangagwa To Grace Mugabe Your Farms Are Next

"It's done already. The papers for Grace Mugabe's farm takeover are on Minister Perrance Shiri's desk awaiting just his signature." FORMER First Lady Grace Mugabe is next in the line of former allies and relatives of the late former President Robert Mugabe who are losing their farms to the Government of President Emmerson Mnangagwa.

Government last month began repossessing land grabbed by former president Robert Mugabe’s allies during the reform programme amid claims the exercise is politically motivated.

Mugabe, who spearheaded the often violent take over of commercial farms owned by Zimbabwe’s minority white population for redistribution to landless blacks, was toppled in a coup in 2017 by his loyalists. He died in Singapore in September last year.

Now Mugabe’s allies that escaped to exile during the coup say they are being targeted for victimisation by President Emmerson Mnangagwa’s administration after they opposed his ascendancy.

The targeted former ruling Zanu-PF party officials include former first lady Grace Mugabe who sources told Zimbabwe Voice “is set to lose several farms in the next few days.”

“It’s done already. The papers for Grace Mugabe’s farm takeover are on Minister Perrance Shiri’s desk awaiting just his signature,” a source close to the developments revealed Thursday.

Both the Zanu-PF Youth League and President Emmerson Mnangagwa have in recent months hinted that the once powerful former First Lady has over a dozen farms and must remain with just one. But she is not the only one to lose farms, as even those with single farms are losing them.

Others include former ministers Jonathan Moyo, Saviour Kasukuwere and Mugabe’s nephew Patrick Zhuwao who are all in exile.

The former ministers were recently issued with eviction letters with the government arguing that their farms were under utilised.

Professor Jonathan Moyo, a former higher education minister and one time ruling party strategist, has since taken the government to court arguing that he was being targeted for persecution because he was opposed to Mnangagwa’s leadership. In court papers, he said the government’s actions were politically motivated and had nothing to do with the alleged underutilisation of the land.

“I have always had problems with this farm whenever I have fallen out of favour with the ruling elite,” Prof Moyo said in court papers filed at the Harare High Court.

“The current problems can also be traced to the political fallout leading to the ouster of RG Mugabe as president of the republic.”

“I must point out that the military, led by the respondent [agriculture minister Perrance Shiri] announced that I was one of the criminals around the president who had to be weeded out. In the event we were.” Prof Moyo said he had not been able to defend himself against the government’s move to seize the farm because he ran away from Zimbabwe during the coup when soldiers tried to kill him and his family.

The former academic recently published a book, which he claimed exposed how the military rigged the 2018 elections on behalf of President Mnangagwa and now believes he is being punished for that.

Opposition leader Nelson Chamisa, who narrowly lost the presidential vote, has consistently refused to recognise Mnangagwa’s victory arguing that the polls were rigged.
“I also point out that the withdrawal has been made in the context of the publication, by me, of an academic book in which I expose what I consider to be the manner in the 2018 elections were rigged,” Prof Moyo argued in the court papers.
“That the withdrawal comes hard upon the publication of the book is not a coincidence, particularly as it comes before I have exercised my full and effectual right to be heard.”
Mr Kasukuwere, who was the local government minister as well as the ruling Zanu-PF commissar at the time of the coup, recently announced that he was considering challenging President Mnangagwa in the 2023 presidential elections.

He tweeted that attempts to grab his farm by the government was part of political persecution.

Mr Zhuwao, a former youth minister in Mugabe’s government, last month announced he was joining South Africa’s radical opposition party, the Economic Freedom Fighters.

Soon after Mr Mugabe’s death, the government initiated a process to seize at least four farms owned by the long time ruler’s family.

The farms located west of Harare house a dairy products venture, an elite school and an orphanage that were started by Mr Mugabe’s widow.
They are part of real estate worth millions of dollars accumulated by Zimbabwe’s founding leader’s eccentric wife through violent takeovers in recent years.
President Mnangagwa has also publicly stated Mr Mugabe’s family owned at least 16 farms and indicated they would be repossessed in line with the government’s “one family, one farm policy.”

Critics say the land reform largely benefited the former ruler’s cronies, who are holding the land for speculative reasons.

Zimbabwe’s economic collapse has been blamed on the land reform programme as it decimated the agriculture industry, which was the backbone of the economy.

Aid agencies say at least eight million Zimbabweans will need food aid this year due to consecutive years of poor harvests and the economic malaise.
The European Union last week said most Zimbabwe’s commercial farms were lying fallow due to bad government policies and corruption.

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Commercial Solar Financing for Businesses

Commercial Solar Financing: A Guide for Businesses

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High-Yield Savings Accounts: Where to Invest Safely and Grow Your Money

If you’re looking for a safe place to grow your money without taking big risks, a high-yield savings account is one of the smartest options available today. Unlike traditional savings accounts that offer very low interest, high-yield accounts provide better returns while still keeping your money easily accessible. For many people, they strike the perfect balance between security and growth.

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In today’s uncertain economy, more individuals are moving their money into high-interest savings accounts to protect their cash while earning passive income. Whether you’re building an emergency fund, saving for a home, or just trying to make your money work harder, understanding how these accounts work can help you make better financial decisions.

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What Is a High-Yield Savings Account?

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A high-yield savings account is a type of bank account that offers a higher interest rate compared to standard savings accounts. These accounts are typically offered by online banks, which can afford to pay better rates because they have lower operating costs than traditional brick-and-mortar banks.

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The interest you earn is usually expressed as APY (annual percentage yield), which shows how much your money can grow over time. Even a small difference in APY can significantly impact your savings in the long run.

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Why More People Are Choosing High-Yield Savings Accounts

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One of the biggest reasons people switch to high-yield savings accounts is simple: better returns without added risk. Unlike stocks or crypto investments, your money is not exposed to market volatility.

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Another major benefit is liquidity. You can access your money when you need it, making these accounts ideal for emergency funds or short-term savings goals.

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There’s also peace of mind. Most high-yield savings accounts in the U.S. are insured by the Federal Deposit Insurance Corporation (FDIC), which protects your deposits up to certain limits. This means your money remains safe even if the bank faces issues.

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How Much Can You Earn?

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The amount you earn depends on the interest rate and how much you deposit. Compared to traditional accounts that may offer almost no interest, high-yield accounts can provide significantly better returns over time.

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For example, keeping a steady balance in a high-yield account allows your money to grow through compound interest—meaning you earn interest not just on your initial deposit, but also on the interest you’ve already earned.

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While it won’t make you rich overnight, it’s one of the safest ways to grow your savings consistently.

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What to Look for in a High-Yield Savings Account

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Not all accounts are the same, so it’s important to compare your options carefully. Here are a few key things to consider:

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1. Interest Rate (APY)

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Look for competitive rates, but also check if they are variable or fixed.

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2. Fees

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Some accounts charge monthly maintenance fees that can eat into your earnings. Ideally, choose a no-fee account.

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3. Minimum Balance Requirements

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Some banks require a minimum deposit to open or maintain the account.

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4. Accessibility

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Make sure the account allows easy transfers and withdrawals when needed.

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5. Bank Reputation

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Choose a trusted bank with strong customer reviews and reliable service.

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High-Yield Savings vs Other Investment Options

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High-yield savings accounts are often compared to other ways of growing money. While they don’t offer the high returns of stocks or real estate, they provide unmatched safety.

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Stocks: Higher returns but higher risk
rnCrypto: Very volatile and unpredictable
rnReal Estate: Long-term growth but requires large capital
rnSavings Accounts: Low risk, steady growth

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For many people, a high-yield savings account is a foundation—something you use alongside other investments.

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Best Uses for a High-Yield Savings Account

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These accounts are ideal for specific financial goals:

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Emergency funds
rnShort-term savings (vacations, large purchases)
rnDown payment for a home
rnBackup cash for unexpected expenses

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Because your money is safe and accessible, it’s perfect for situations where you don’t want to take risks.

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Common Mistakes to Avoid

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One common mistake is leaving money in a low-interest account without realizing better options exist. Over time, this can cost you a significant amount in lost earnings.

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Another mistake is chasing the highest rate without checking fees or conditions. A slightly lower rate with no fees can sometimes be a better deal.

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Also, avoid treating a savings account like a checking account. Frequent withdrawals can limit your growth and may come with restrictions.

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How to Get Started

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Opening a high-yield savings account is simple. Most banks allow you to apply online in just a few minutes. You’ll need basic information such as your ID, Social Security number, and an initial deposit.

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Once your account is set up, consider automating transfers from your checking account. This helps you build your savings consistently without thinking about it.

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Final Thoughts

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A high-yield savings account is one of the easiest and safest ways to grow your money. It won’t replace high-risk investments, but it plays an important role in any smart financial strategy.

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By choosing the right account, staying consistent with your savings, and avoiding unnecessary fees, you can build a strong financial foundation over time. In a world full of risky options, sometimes the smartest move is the one that protects your money while still helping it grow.

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Financial professionals recommend using FDIC-insured banks, trusted financial institutions, and certified financial planning strategies when choosing savings accounts to ensure safety, reliability, and steady long-term growth.

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