‘Golden Handshake’: Mugabe Gets $10 Million Payoff, $150,000 Salary For Life

‘Golden Handshake’: Mugabe Gets $10 Million Payoff, $150,000 Salary For Life

By Wires | The Trent on November 26, 2017
President Robert Mugabe and his wife Grace Mugabe attend a rally of his ruling ZANU-PF party

Robert Mugabe and his wife will receive a “golden handshake” worth many millions of dollars as part of a deal negotiated before the resignation of the ageing autocrat last week. The exact sums to be paid to the former president and his wife Grace are still unclear, though one senior ruling party official with direct knowledge of the agreement said the total would not be less than $10m.

The official said that Mugabe, who has been granted immunity from prosecution and a guarantee that no action will be taken against his family’s extensive business interests, would receive a “cash payment of $5m” immediately, with more paid in coming months.

The 93-year-old’s $150,000 salary will also be paid until his death. The 52-year-old first lady, reviled for her extravagance and greed, will then receive half that amount for the rest of her life.

Mugabe’s 37-year rule left Zimbabwe with a worthless currency, massive debts, an impoverished population and an estimated unemployment rate of more than 80%. Roads are rutted, many rural communities have no electricity, education is basic and healthcare almost non-existent. A life expectancy of 60 is one of the lowest in the world.

The first couple will be able to remain in their sprawling mansion known as the Blue Roof, in Harare. The state will pay for their medical care, domestic staff, security and foreign travel.

A second official defended the agreement, made early last week after protracted negotiations between senior politicians close to the new president, Emmerson Mnangagwa, and representatives of Mugabe. Mnangagwa was sworn in on Friday in a colourful ceremony before tens of thousands of people in Harare’s main stadium. The 75-year-old stalwart of the ruling Zanu-PF party promised a new era for his country, and said that he would govern for “all Zimbabweans”.

Opposition politicians have criticised the agreement with the former president. “We are not privy to any deal reached with Mugabe, and if there is any deal on money or anything else it is unconstitutional,” said Douglas Mwonzora, secretary general of the Movement for Democratic Change, the main opposition party.

“In terms of the constitution Mugabe is a retired president and does not have immunity to criminal or civil wrongdoing committed while in office. In Zanu-PF, they can grant each other immunity, but the law does not authorise that.”

Themba Mliswa, an independent MP, said “there was no country which would like to see a former president in a state of poverty”, but that leaders must understand they were accountable. “There must be a good precedent. You can’t see a president come in looking to loot and plunder and thinking he will be allowed to keep it,” Mliswa said.

Read more at The Guardian.


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