Zimbabwe’s president has threatened to seize foreign firms and boycott their products in retaliation for Western sanctions against him and senior members of his ruling ZANU-PF party. Robert Mugabe made special mention on Wednesday of British-controlled banks and businesses, saying they controlled 400 businesses in the former British colony in southern Africa. “It is now time to take action,” Mugabe told thousands of supporters at an outdoor rally in the capital, Harare. “Indigenisation and empowerment should start with those companies. We must take them over. We are not ashamed of that.” The European Union and US imposed a travel ban and financial sanctions on Mugabe and his ZANU-PF allies…
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on March 3, 2011. Filed under