British investors clash with Chombo over Mugabe succession

British investors clash with Chombo over Mugabe succession

via British investors clash with Chombo over Mugabe succession – Nehanda Radio February 14, 2015

British investors visiting Zimbabwe had “unpleasant disagreements” with a minister in President Mugabe’s government after some of them tried to ask who would succeed the 90-year-old leader, the minister told state TV on Friday.

Ignatius Chombo, the local government minister, told the 19-strong delegation that who Zimbabweans vote for was none of the visitors’ business.

“We… had some little unpleasant disagreements when they wanted to refer to the succession in our own country,” Chombo said in comments carried on the Zimbabwe Broadcasting Corporation’s evening news bulletin.

“So I told them that who we vote for in Zimbabwe is our business and not their business.”

Mugabe’s government has been pinning its hopes on a spate of recent visits by potential foreign investors to bring cash inflows and avert what threatens to be another major economic downturn.

Fragile after the 2000-2008 crisis, things are not looking good in the cash-strapped country where there are frequent reports of retrenchments. On Thursday the state-run Herald newspaper was reported to be embarking on a retrenchment exercise. The state-owned bus company has also sent 100 workers on unpaid leave.

Analysts say Zimbabwe’s indigenisation policy, which compels large foreign and white-owned firms to part with majority shares to local black shareholders, is holding back investment. Last month Mugabe told a visiting French business delegation that the handover of majority shares only applies to natural resource-based sectors like mining.

Chombo told the British delegation that “it is really up to them to discuss with the relevant ministers and also the minister of indigenisation on what plans would be like for a particular investment,” ZBC reported.

A Belgian business delegation is due in the country in April. – SAPA

COMMENTS

WORDPRESS: 5
  • comment-avatar
    Nyoni 3 years

    This government is surely chasing investors away. CHOMBO you may not like westerners especially the British you must remember though that beggars can not be choosers and you are that beggars. So lets try to reconcile here for the good of our long suffering country and people.

  • comment-avatar
    Tatenda 3 years

    Chombo chombo wakaita mari kudhara unoda tisvike rini tichitambura

  • comment-avatar
    Will I am Tell 3 years

    Why would anyone from the first world bother with third world m*nkeys.

  • comment-avatar

    It’s morons like you, Will whatsname, who give ZPF some credence.

    Anyway, maybe you should be talking to this delegation and asking them what they want with the Third World fauna.

  • comment-avatar
    Will I am Tell 3 years

    @ Ngoto

    Well – they certainly don’t want your women.