RSS 2.0 FeedJanuary Vol 29, Business , Financial and Property Indaba
Zimbabwe's Mugabe vows retaliation against West
HARARE, Zimbabwe -- Zimbabwe's president says the country will retaliate against Western economic curbs imposed on his party using measures that include the seizure of foreign-owned businesses and mining interests.
HARARE, Zimbabwe -- Zimbabwe's president says the country will retaliate against Western economic curbs imposed on his party using measures that include the seizure of foreign-owned businesses and mining interests.
President Robert Mugabe told his ZANU-PF party members Friday at a convention in the eastern city of Mutare that it was time for programs to fight travel and financial bans on party leaders.
Under empowerment laws, black Zimbabweans are slated to acquire 51 percent of businesses. In a live broadcast on state television, Mugabe warned British and U.S. firms that "unless you remove sanctions we will take 100 percent."
Western countries imposed targeted restrictions on Mugabe and his party elite to protest violations of democratic and human rights during a decade of political and economic turmoil in the southern Africa nation.
