News / National
MDC Renewal in liquidity crunch
16 Jul 2015 at 17:17hrs | Views
THE MDC Renewal Team, has come face to face with the liquidity crunch blighting the national economy in its bid to launch itself into the country's highly competitive political arena.
As it prepares to stage its inaugural elective congress in the capital at the end of this month, the party has been forced to scrounge around for cash, cap in hand, in order to fund the extent.
Samuel Sipepa-Nkomo the party's interim president, this week said they were looking for the "cheapest" possible route of staging the congress.
"There is no money in the country and that is affecting us, but we are confident that we will all the same be able to hold the congress at the end of the month," he told the Financial Gazette.
With under a week to go before the three-day congress to run from June 24 to 26, the party has little time available to raise the required cash.
While Sipepa-Nkomo could not disclose the budget for the congress, party insiders said over US$300 000 was needed to host delegates from across the country.
As it prepares to stage its inaugural elective congress in the capital at the end of this month, the party has been forced to scrounge around for cash, cap in hand, in order to fund the extent.
Samuel Sipepa-Nkomo the party's interim president, this week said they were looking for the "cheapest" possible route of staging the congress.
"There is no money in the country and that is affecting us, but we are confident that we will all the same be able to hold the congress at the end of the month," he told the Financial Gazette.
With under a week to go before the three-day congress to run from June 24 to 26, the party has little time available to raise the required cash.
While Sipepa-Nkomo could not disclose the budget for the congress, party insiders said over US$300 000 was needed to host delegates from across the country.
Source - fingaz
