Saturday, July 21, 2007

Zimbabwe paves way for nationalising private firms

(Reuters) - Zimbabwe's government has set up a state company to seize control of private local and foreign firms that President Robert Mugabe's administration says are engaging in "economic sabotage" in a bid to end his rule.

Mugabe threatened last month to seize private companies for "dirty tricks", including hiking prices and cutting output, which he says are part of a Western-backed "regime-change" agenda led by Zimbabwe's former colonial master Britain.


Read more at Reuters Africa

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