Zanu PF, MDC share $500m in political funding

ZANU-PF and the Movement for Democratic Change will share ZWL$500 million allocated by Treasury under the Political Parties (Finance) Act.

This was revealed by the Mnister of Justice, Legal and Parliamentary Affairs, Ziyambi Ziyambi in a notice Tuesday.

The law states that only a political party that secures 5 per cent of the total votes cast can benefit from the national budget.

According to the General notice 125A of 2022, ZANU PF will receive the largest chunk of ZWL$350 million.

 “It is hereby notified in terms of section 3 (2) of the Political Parties (Finance) Act (Chapter 2:11, that the total amount of money payable to political parties in respect of the year beginning 1st January 2022, and ending 31st December 2022, is five hundred million dollars,” said Ziyambi.

“Three hundred and fifty million, one hundred and fifty thousand Zimbabwean dollars (ZWL$350 150 000.00) shall be paid to the Zimbabwe African Union-Patriotic Front (ZANU-PF) which received 70.03 percent of the total votes cast.

“One hundred and forty- nine million, eight hundred and fifty thousand Zimbabwean dollars (ZWL$149 850 000.00) shall be paid to the Movement for Democratic Change (MDC), which received 29.97 percent of the total voted cast,” he said.

The funds will go to Douglas Mwonzora’s party instead of the party led by Nelson Chamisa which garnered 63 parliamentary seats in the last elections.

A supreme court ruling declared Nelson Chamisa’s leadership of MDC Alliance illegitimate.

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