Zimbabwe rivals sign historic deal | world | Hindustan Times
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Zimbabwe rivals sign historic deal

world Updated: Sep 16, 2008 01:10 IST

Zimbabwe’s rival political parties signed a landmark power-sharing deal on Monday which means President Robert Mugabe will cede some of his powers for the first time in nearly three decades of iron rule.

Mugabe, main opposition Movement for Democratic Change (MDC) leader Morgan Tsvangirai and Arthur Mutambara — who heads a breakaway MDC faction — signed the agreement at a hotel in the capital, Harare, after weeks of tense negotiations.

Under the deal, Tsvangirai will become prime minister and chair a council of ministers supervising the cabinet.

Zimbabweans hope the agreement will be a first step in helping to rescue the once prosperous nation from economic collapse. Inflation has rocketed to over 11 million percent and millions have fled to neighbouring African countries.