News / National
Debt paralyses Tsvangirai's MDC-T
24 Apr 2015 at 13:12hrs | Views
THE MDC-T is caught up in a vicious debt cycle as it owes more than US$2 million which senior party officials say is crippling the opposition party's operations and attempts to rejuvenate itself ahead of the 2018 general elections.
According to the Zimbabwe Standard, the extent of the debt was reportedly disclosed by secretary general Douglas Mwonzora during a National Council meeting recently held in Harare to decide whether or not to participate in the June parliamentary by-elections.
"Mwonzora prepared a statement for the National Council which detailed among other liabilities various debts that are crippling party operations including a US$1,2 million debt owed in respect of the operation and maintenance of (the party headquarters) Harvest House," a senior party official said.
Contacted for comment this week, party spokesperson Obert Gutu would neither deny nor confirm the debts.
Tsvangirai travelled to the United States last month on what party sources said was a week-long mission to fund-raise for various party programmes, including campaigns to force the Zanu-PF government to speed up implementation of electoral reforms and fix the declining economy.
He is said to have raised substantial amounts of money to run party activities, but stringent conditions meant that the donors would be paying directly to service providers, according to the sources.
According to the Zimbabwe Standard, the extent of the debt was reportedly disclosed by secretary general Douglas Mwonzora during a National Council meeting recently held in Harare to decide whether or not to participate in the June parliamentary by-elections.
"Mwonzora prepared a statement for the National Council which detailed among other liabilities various debts that are crippling party operations including a US$1,2 million debt owed in respect of the operation and maintenance of (the party headquarters) Harvest House," a senior party official said.
Contacted for comment this week, party spokesperson Obert Gutu would neither deny nor confirm the debts.
Tsvangirai travelled to the United States last month on what party sources said was a week-long mission to fund-raise for various party programmes, including campaigns to force the Zanu-PF government to speed up implementation of electoral reforms and fix the declining economy.
He is said to have raised substantial amounts of money to run party activities, but stringent conditions meant that the donors would be paying directly to service providers, according to the sources.
Source - Zim Ind
