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Emmerson Mnangagwa helped direct Zimbabwe's 1970s war of independence |
It follows the dramatic departure of Robert Mugabe after 37 years of authoritarian rule.
The former vice-president's dismissal earlier this month led the ruling Zanu-PF party and the army to intervene and force Mr Mugabe to quit.
Mr Mnangagwa, who had fled the country, returned from exile on Wednesday.
The opposition is urging Mr Mnangagwa, who has been part of the ruling elite, to end the "culture of corruption".
The ceremony will be at the National Sports Stadium and organisers have called on Zimbabweans to come and witness a "historic day".
After Mr Mnangagwa and his wife Mai enter and the national anthem is played, Bishop Mutendi will lead the stadium in prayer.
Mr Mnangagwa will take his oath of office at about 11:30 local time (09:30 GMT), before a flypast and a gun salute. The new president will speak at about noon local time.
BBC
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