Wednesday, September 15, 2010

Mugabe takes over more businesses

From the BBC:'
All firms valued at more than $500,000 will be required over the next five years to sell a controlling 51% stake of their companies to black Zimbabweans.

Among the many internationals in the line of fire are Barclays, British and American Tobacco, BP, Nestle and Unilever. ..

Mr Kasukuwere, who has amassed significant business interests here in recent years, did not rule out the possibility of buying assets in foreign firms himself.

Critics fear that many other senior members of President Robert Mugabe's Zanu PF party, along with some military leaders, may do likewise. ..

Hint to Mugabe: Here in the Philippines, they only ask for 20 percent of the deal, not 50 percent.

and given the large amount of money being invested in Africa by China, one thinks this protester is out of date:

Reuters photo

No comments:

Free hit counters
Free hit counters