Thread: Zimbabwe - race based busines investment requirement- USAID

How can we give our tax dollars to this racist country????
Posted on Thu, Sep. 30, 2010

Agree to our terms or go, Mugabe tells investors

The Associated Press

HARARE, Zimbabwe - President Robert Mugabe says investors who don't accept black Zimbabweans as the major shareholders in their projects can stay away from the southern African nation.

Strict empowerment laws scheduled for phased enforcement over the next five years require black Zimbabweans to control 51 percent of each business.

At the funeral of a veteran leader in his ZANU-PF party Thursday, Mugabe acknowledged the laws may deter potential investors, but said anyone who wanted to share the nation's resources "must get our permission to do so, in the manner we define" or stay away.

Prime Minister Morgan Tsvangirai and his party leaders in a coalition with Mugabe boycotted the funeral it described as ZANU-PF event and not a state occasion.

Read more: http://www.philly.com/philly/wires/ap/b ... z111PxnPsn
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U.S. pledges $73 million in aid to Zimbabwe
June 13, 2009

President Obama (right) praised Zimbabwe Prime Minister Morgan Tsvangirai at the White House on Friday.The United States will provide $73 million in aid to Zimbabwe, President Obama announced Friday after meeting with Zimbabwe Prime Minister Morgan Tsvangirai at the White House.

"I obviously have extraordinary admiration for the courage and tenacity that the prime minister has shown in navigating through some very difficult political times in Zimbabwe," Obama said.

"There was a time when Zimbabwe was the breadbasket of Africa, and [it] continues to have enormous potential. It has gone through a very dark and difficult time politically."

Zimbabwe President Robert Mugabe "has not acted oftentimes in the best interest of the Zimbabwean people and has been resistant to the democratic changes that need to take place," Obama said. "We now have a power-sharing agreement that shows promise, and we want to do everything we can to encourage the kinds of improvement not only on human rights and rule of law, freedom of the press and democracy that is so necessary, but also on the economic front."

The U.S. aid will not be going to the government directly "because we continue to be concerned about consolidating democracy, human rights and rule of law," Obama said. "But it will be going directly to the people in Zimbabwe."

In a CNN interview following his meeting with Obama, Tsvangirai said he is grateful for the generosity. "Whether it is humanitarian aid or transitional support, it adds up to the relief that Zimbabwe is seeking," he said.

Tsvangirai said he told Obama he would like the United States to use its global influence to assist Zimbabwe in dealing with the challenges it faces.

Tsvangirai said he understood other nations' reluctance to support the Zimbabwean government, given Mugabe's controversial history.

"I think it's fair," he said. "I understand it, given our history, and I'm not going to defend President Mugabe." But, he noted, the two have agreed to work together and help Zimbabwe progress as a nation.

In remarks with Obama, Tsvangirai said progress has been made by the transitional government, but much remains to be done. "It is the problems of implementation," he said. "... even by the standard of our own benchmarks, there are gaps that still exist." He said he would continue to strive to meet those benchmarks, not for the international community, but because "it gives [the] people of Zimbabwe freedom and opportunity to grow."

http://articles.cnn.com/2009-06-13/worl ... s=PM:WORLD


USAID to Zimbabwe

http://www.usaid.gov/locations/sub-saha ... /zimbabwe/

Zimbabwe Prime Minister Morgan Tsvangirai Speaks in Washington
By Andrew Moran.

Read more: http://www.digitaljournal.com/article/2 ... z111QzyU00
http://www.digitaljournal.com/article/273967

Desperation stalks Zimbabwe's white farmers
ZIMBABWE
September 22, 2009|By Nkepile Mabuse CNN

http://articles.cnn.com/2009-09-22/worl ... s=PM:WORLD

did you know that the currency these use down there is OUR currency ?

their own became so weak they gave it up , and now their on dollars ...

that nation is doomed and all of their people are doomed ... when our economy goes , while things will be horrible here , i don't expect all of our people to starve to death ..down in zimbabwe , when our dollar loses alot of value , i can see lots of people dying .

When South Africa ended apartheid the major corporate groups spun off corporate assets to politically connected non Whites under a program called Black Empowerment Enterprises. There were many deals with high prices and high leverage many of which subsequently failed and were foreclosed. It would have been pragmatic if instead in some of the deals ANC connected BEEs had purchased corporate assets held by South African corporations in Zimbabwe. The argument that Mugabe uses when seizing farms and businesses for his cronies that he is taking back White assets taken by the Whites in colonial times would not have applied. The new ANC led South African government would have given Mugabe a thorough dress down for expropriating property from their party activists.