Zimbabwe Demands Foreign Banks Give Back to Nation
July 6—Zimbabwe has issued an ultimatum, giving all foreign banks in the country one year to comply with their controversial indigenization program.
The program, passed by Parliament in 2007, requires all banks worth at least $1 in value to give a 51% share of their organization to black Zimbabweans.
A foreign bank official, while noting the rhetoric on the matter was increasing, said the measure would be difficult to enforce. “It’s not like any government could just take over a bank—the bank would just shut down, but they don’t want that and we don’t want that, so it’s probably not going to happen,” they explained. “There’s a lack of clarity about what they can do.”
Additionally Gideon Gono, the head of Zimbabwe’s Central Bank, stated Wednesday that the plan—which is being pushed by President Robert Mugabe and his ZANU-PF Party in preparation for elections expected to take place next year—is “devoid of detail and rationality” and contradicts existing law. He said he would discuss the matter with the president further.
Gono, who was appointed to the position by Mugabe in 2003, acknowledged that some companies owned by his family owe several million dollars to some of the banks in question, but denied that he was “protecting” them, saying he does not interfere in any legal process related to the matter.
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Get that money Mr. Mugabe. I see why you’re hated over there. Don’t be like our wanna be independent punk behinds over here in the US, allowing the banks and affluent to run everything. Meanwhile, nothing is getting fixed, and our debts continue to rise.
TCB, all day everyday.
It is time for all countries to return to Africa all they have stolen from her.
Good idea in theory but Whites are not going to give back what they stole anymore than they will apologize for the stealing.
That money would be in Mugabe’s Swiss account within the hour that it was transfered to the central bank.
What they’re doing, and have been doing historically, is raping & pillaging the mother land/Africa of all of her natural resources and sharing the profits among themselves. The irony in all of this is that they have anchored policies that automatically exclude the very people that have lived on the African continent for thousands of years and can be deemed as the “originators” of the mother continent of this world. This “ugly behavior” will continue until strong Black men, like Mugabe, stand up and demand some fairness with regards to Black people attaining their equal share of the massive wealth being distributed amongst Europeans & a few others.
On a “wake up note” one of the primary reasons China is the manufacturing base for the planet is because it’s closer to mother Africa, where “all” of the resources are that propel 2/3rds of this world’s economy. Pursuant to the skin color based design of the US’s entire system those in control “know” that it wouldn’t be in their best interest to ship resources from Africa to to the US, so as to provide employment for people of African descent because it would provide us with a future, which is something they do not want you & I to have. Unfortunately, WE’VE been victimized, from day one, by what’s called: “The Doctrine of Exclusion” according to Dr. Claud Anderson, & until WE wake-up to what’s really going on in this world things will inevitably get worse before they improve, even if Obama is fortunate enough to do a second term. The case of Trayvon Martin was the ultimate wake-up call & WE’VE allowed this wicked unethical/immoral system to distract us from answering that “call!”
Lastly, as far as I’m concerned, those of us scattered throughout the “western world” are entitled to a significant portion of the cash revenue acquired from the resources extracted from the western hemisphere of the Africa continent because WE were there before the Trans-Atlantic slave trade came into being! Again, WE better wake-up to what’s “really” happening…
to how all of the valuable
Here we go again, trying to get something for free, the country was very prosperous before Mugabe killed as many whites as he could took all of the business and gave to his friends and banked the cash. Then pillaged his own country. This little black Hitler looking dictator has ruined a whole country, the whole world laughs at him.
He can’t even leave his own country and travel abroad because he will be arrested for his crimes, more likely he would be taken out by an ex patriot. He created the problem and is now looking for someone to bail him out!
He rules by the gun, perhaps the madness can be ended more peacefully, if not ………..
Perhaps if the Africans would have slaughtered the slave traders when they came to steal people, it would have sent a strong message to all whites who come there to steal and pillage, the message would be loud and clear ” you will never leave or be heard from again ” That’s what should have happened, the continent doesn’t belong to whites, they have no right to come there and just take what they want. If that had happened, I think that they would have thought long and hard before going into that continent. You don’t see them going into Korea, or China, they know better because it would be a blood bath, the same should hold true for Africa, send those devils a message that they won’t soon forget.
Since the death of Muammar Qaddafi, it is good to read about this elder and possibly the last strong, leader of Africa,