Occupying the throne for 37 years, Robert Mugabe has resigned as President of Zimbabwe with immediate effect.

According to Mugabe, his resignation was voluntary and in the best interests for a smooth transition.

Moments away from facing impeachment, Mugabe’s resignation notice was announced by Zimbabwe parliamentary Speaker, Jacob Mudenda.

“My decision to resign is voluntary on my part and arises from my concern for the welfare of the people of Zimbabwe and my desire to ensure a smooth, peaceful and non-violent transfer of power that underpins national security, peace and stability,” Mugabe said in his resignation notice.

A “new Zimbabwe”

Crowds rejoice in the news on the streets of Zimbabwe, South Africa and the rest of the world.

Live television broadcasts capture Zimbabweans chanting “new Zimbabwe” on the streets as the news broke.

 

ZANU-PF remains in charge

The coup has gradually engaged the Zimbabwean people, which could result in a promising reform of Mugabe’s successor.

However, there remains much speculation and concern around the head political party, ZANU-PF, remains high.

Emmerson Mnangagwa, senior member of the ruling ZANU–PF, has been appointed to take reign within 48 hours after Mugabe’s announcement was made.

 

A new era

What does this ‘new era’ look like for the country’s power and energy sector? Should political certainty be restored after all these years, will we begin to see an influx of foreign investment into the once bread basket of Africa?

What is going to happen next?

 

Featured image: CNN