President Robert Mugabe today vowed to avenge Western economic sanctions imposed on his ruling party by threatening to seize foreign-owned businesses and mining interests. “Unless you remove sanctions we will take 100%,” he said. “Why shouldn’t we hit back? That includes companies that are mining gold and other minerals, and some have been here since before I was born,” Mugabe said. There are about 400 British companies in Zimbabwe. The West claims its sanctions are targetted at individuals and not the country, something Mugabe and his lieutenants have refuted.
(51 VIEWS)
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…