Skip to content
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Watch Online
  • Home
  • National News
  • AU auctions Mugabe’s cow to raise funds
  • National News

AU auctions Mugabe’s cow to raise funds

Admin May 10, 2017

No fewer than 100 of the 300 cattle donated to the African Union (AU) by Zimbabwe President Robert Mugabe in 2016 have been sold through an auction as the continental body looks at various avenues to become self-sufficient.

During his tenure as AU chairperson in 2015, Mugabe pledged the cattle which he hoped would help the continental body extricate itself from the clutches of foreign funders who stand accused of using their financial muscle to compromise the sovereignty of African states.

Although the exact amount raised at the Tuesday auction was not disclosed, it is understood that the beasts sold at around 800 U.S. dollars each, according to state media.

Zimbabwe Minister of Foreign Affairs Simbarashe Mumbengegwi said Mugabe’s donation was a major contribution towards the AU becoming self-financing.

“This is an important contribution to the self-financing of the African Union Foundation. These efforts are going to continue,” he told the state-run Herald newspaper.

He said more auctions would be held to dispose of all the cattle ahead of Mugabe presenting the check to the AU heads of state summit in July.

During Mugabe’s tenure as AU chairperson, time-frames were established for the body to finance 100 per cent of its operations, at least 75 per cent of its programmes and at least 25 per cent of its peace-keeping missions within five years.

AU Foundation chief operating officer Dumisani Mngadi, who witnessed the auction, thanked Mugabe for the donation.

“For us it’s a call for all other African leaders, business people, people wherever you are to be able to contribute to the development of our African people,” he said.

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link

Post navigation

Previous Yudala gets new CEO: He’s Wole Ogundare
Next US commends Buhari on release of Chibok girls

Related Stories

Your life is a celebration of wisdom, leadership and royal excellence, says Ogeah on Asagba’s 71st birthday
  • National News

Your life is a celebration of wisdom, leadership and royal excellence, says Ogeah on Asagba’s 71st birthday

November 14, 2026
FCCPC Seals Abuja Real Estate Firm Over Undelivered N140m Duplex
  • National News

FCCPC Seals Abuja Real Estate Firm Over Undelivered N140m Duplex

November 13, 2026
Court Admits Supreme Court Judgment on Forfeited Properties in Emefiele’s $4.5bn Trial FG vs ASUU
  • National News

Court Admits Supreme Court Judgment on Forfeited Properties in Emefiele’s $4.5bn Trial

November 13, 2026

You may have missed

A resolute electorate can wield power, by Monday Philips Ekpe
  • Commentaries

A resolute electorate can wield power, by Monday Philips Ekpe

November 14, 2026
Police Arrest Two for Staging Kidnapping to Extort N30m From Suspect’s Father Police
  • Metro News

Police Arrest Two for Staging Kidnapping to Extort N30m From Suspect’s Father

November 14, 2026
Your life is a celebration of wisdom, leadership and royal excellence, says Ogeah on Asagba’s 71st birthday
  • National News

Your life is a celebration of wisdom, leadership and royal excellence, says Ogeah on Asagba’s 71st birthday

November 14, 2026
NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 
  • Business & Economy

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 

November 14, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Copyright © All rights reserved. | DarkNews by AF themes.