Mugabe opens Zanu-PF congress

Al Jazeera EnglishRobert Mugabe, Zimbabwe’s president, has condemned splits within Zanu-PF, saying internal fighting is tearing the party apart and emboldening its rivals.Mugabe opened the party’s congress in the capital, Harare, on Friday, and addressed the party for the first time since it lost absolute grip of power and entered a unity government.”The reason why we lost last year was because… Read more

Kuwait lops $4.1B Citi stake

New York PosKuwait Investment Authority, the nation’s sovereign-wealth fund, sold its stake in Citigroup for $4.1 billion after helping the US bank boost capital during the financial crisis.The fund converted Citigroup preferred securities, purchased for $3 billion last year, into common shares and sold them, making a profit of $1.1 billion, KIA said.Sovereign wealth funds are selling investments… Read more