Poor Africa, and poor Africans! They have been cursed with material wealth which will never benefit them.
China appears to be the latest world power lusting after African minerals:
A major issue for China continues to be the indigenization initiatives introduced by Mugabe and ZANU-PF over the last decade. The indigenization program altered the laws of the country regarding ownership, mandating that enterprises deemed in the national interest should be majority owned by Zimbabweans, not foreign investors. While there have been exceptions made for China because of the influence it wields in the country, increasingly even Chinese interests have been subjected to indigenization policies.
As of April 1, 2016, when the new indigenization legislation took effect, Chinese companies began to worry that their previously negotiated exemptions to indigenization regulations would be scaled back, if not eliminated.
You can read the rest @
http://www.mintpressnews.com/zimbabwe-rivalries-us-china-competition-underlie-political-crisis/234625/
If we all left them alone, Africans might be the wealthiest people in the world. Alas, it shall never happen.
And here is a post-Mugabe assessment from Germany:
ReplyDeletehttps://deutsche-wirtschafts-nachrichten.de/2017/11/21/simbabwe-praesident-mugabe-angeblich-zurueckgetreten/ [translation required]