Mugabe Threatens To Annex Top UK Companies

by liamssoft | May 29, 2007 at 06:34 am

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Top 100 UK Companies which poured millions into the Zimbabwe regime over the years are now facing expulsion. The former British colony is seeking revenge from the hand that fed them.

Hundreds of British businesses are facing potential expulsion from Zimbabwe after President Robert Mugabe laid down plans to seize majority stakes in all foreign-owned companies in the country.

The companies, including Barclays, Standard Chartered and BP, have started drawing up contingency plans, following news that Mr Mugabe's cabinet is considering pushing through dramatic legislation aimed largely at companies linked to Zimbabwe's former colonial ruler.

Experts have warned that the plans could be catastrophic for the country, which is already facing hyper-inflation and a shrinking economy.