Wednesday, December 22, 2010

Mugabe threatens "revenge"

from AlJezeerah:

...Zimbabwe's president has threatened to nationalise British and US-owned businesses operating in the country if economic sanctions imposed on his political party are not lifted....

Under empowerment laws, black Zimbabweans are slated to acquire 51 per cent of all businesses. In a live broadcast on state television, Mugabe warned UK and US firms that "unless you remove sanctions, we will take 100 per cent"....

well, that's a good way to encourage investment in the economy.

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