Zimbabwe: Zanu-PF Revenue Streams Run Dry

The cash-strapped Zanu-PF has become heavily reliant on donor funding and bank overdrafts to finance party programmes with over 53,7% of its income in 2019 coming from donors as member subscriptions plunge, the Zimbabwe Independent can report.

The latest central committee report reveals that the party, which boasts of business enterprises — although most of them have since collapsed due to corruption and incompetence — is relying on bank overdrafts to cover budget deficits.

Out of an income of ZW$45 861 473, the party overspent, using ZW$63 908 082 for the year 2019 with the rest being covered by bank overdrafts.

The report, distributed to the party’s central committee members during their 112th ordinary session at Zanu PF’s 18th national people’s conference yesterday, reveals that the party earned ZW$36 961 751 from donors.

However, the report neither reveals the names of the donors nor the amounts given. Membership fees and subscriptions fell from US$420 000 from 2018 to a paltry ZW$65 000 for 2019.

“There were no significant inflows from the sale of membership cards and subscriptions. It is necessary for proper coordination by relevant departments in the process of distributing these cards,” the report read.

Zanu PF also received ZW$8 403 600 from the government grant, ZW$11 600 from fundraising, and ZW$326 014 from dividends from investments.

It also got ZW$87 853 from motor vehicle disposals and ZW$5 655 from other sources. There was only ZW$326 014 received as dividends from party-related investments.

The report also reveals that the party had adjusted staff salaries by 150,6% while President Emmerson Mnangagwa has repeatedly refused to heed demands by doctors who have been on strike for 102 days.

“There was an increase of 150,6% on salaries due to the cost of living adjustments for staff and allowances introduced for central committee members,” reads part of the report.

Mnangagwa has accused doctors of being politically-motivated in demanding interbank forex-based salaries and allowances. Government is offering only a 100% review of their allowances which the doctors have declined.

The major expenditure items were staff salaries which gobbled up ZW$13,9 million, while ZW$13,5 million was spent on transport and welfare and commissariat programmes took up ZW$8,3 million.