Mugabe Expects Foreign Firms to Abide by Stakes Plan
Source: Reuters, Nelson Banya (9/6/11)
"President says foreign investment is safe, after investors stepped back due to the plan to force foreign companies to turn over shares."
Zimbabwe's President Robert Mugabe said on Tuesday he expected the full cooperation of foreign firms in a plan for local blacks to take controlling stakes in their business operations in the country.
He also said in the speech to parliament that foreign investment was safe in the southern African country, which has been shunned by investors due to the plan to force foreign companies to turn over shares, as well as suspected human rights violations. . .View full article