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Africa: Subsaharan
Zimbabwe encourages foreign investments
2005-08-25
Recently, South Africa Foreign Minister Nkosazana Dlamini-Zuma questioned the wisdom of "smart sanctions" imposed on the Zimbabwean government by Western countries, particularly the European Union (EU). How can you attract foreign investments if your country is the target of international sanctions, she argued?

Fair enough, you might think, especially when Mugabe is putting so much effort in creating a friendly business environment to reassure investors and entice them to put their money in Zimbabwe:

A bill
forcing all foreign-owned mining companies operating in Zimbabwe to cede 30% of their shares to indigenous business people is ready to be tabled in parliament.

A slate of amendments that critics warn will seriously reduce constitutional protections and freedoms in Zimbabwe cleared a first vote in Parliament.

Zimbabwean officials want custom duties to be paid for about 6 000 blankets given by South Africans to victims of the government's recent mass demolitions campaign.

Zimbabwe, which is battling a host of economic challenges, will become a prosperous country through "God's grace and intervention", said vice-president Joyce Mujuru.

A PROTRACTED price war between bakers and the government, resistant to free-market principles, has had a devastating impact on the baking industry.

The annual inflation rate soared to 254.8% at the end of July, up from 164.3% in June, according to official statistics.

About 5 000 starving families in Zimbabwe could be fed for a month. There's just one snag: red tape [waiting for a clearance certificate from President Robert Mugabe's government] is keeping the trucks carrying the food from reaching their destination.

As the trial of a High Court judge arrested for allegedly obstructing the course of justice gets underway in Zimbabwe, law experts say the proceedings are likely to bring the independence of the judiciary under close scrutiny once more.

Book well in advance!
Posted by:Unish Glesing9279

#9  soon to be run into the ground: SA
Posted by: Frank G   2005-08-25 21:54  

#8  Zimbabwe is run by a mad hatter. It is a country that has gone totally off the deep end. There is only one way to even begin to get the country off the brink and that is to remove Zim-Bob, one way or another. The fact that this has not happened in years also speaks to the the total lack of any alternate leadership in the wings. Any hope has departed this poor basket case of a country. Heart of Darkness.
Posted by: Alaska Paul   2005-08-25 21:26  

#7  He's gone out of his f*cking mind! He took away most of the white farms, he's stealing 30% of the mines, now he wants foreign investors to lay out cash for other business ventures? On the other hand, there are about 300,000 ready and willing people in the local labor pool.
Posted by: bigjim-ky   2005-08-25 17:02  

#6  thanks, sorry about the formatting...new at this.
Posted by: Whese Ebbavirt4586   2005-08-25 14:18  

#5  Oh, the formatting is screwed up, too. I think the link on "questioned" has a bad close. It looks like it's "a/" rather than "/a"
Posted by: Jackal   2005-08-25 14:12  

#4  Thanks guys, loved your comments!
Posted by: Whese Ebbavirt4586   2005-08-25 14:03  

#3  B-a-R, you took the "Bwaaahahahahahhaaaahahaaa!!!!" out of my mouth!

Posted by: Sobiesky   2005-08-25 14:00  

#2  Nigeria encourages foreign investments, too. Just for a small processing fee you can get 30% of EIGHTEEN MILLION US DOLLARS.

In both cases, the end result will be the same.
Posted by: Jackal   2005-08-25 13:29  

#1  Zimbabwe encourages foreign investments

Bwaaahahahahahhaaaahahaaa!!!!!
Posted by: Bomb-a-rama   2005-08-25 13:16  

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