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Governments & Investors Kick Zimbabwe to the curb

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2002-03-22  Posted By: Jan

From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 3/22/2002 12:38:57 AM
Governments & Investors Kick Zimbabwe to the curb

Source: http://story.news.yahoo.com/news?tmpl=story&u…br>
Governments, investors kick Zimbabwe to the curb
Black Voices, yahoo.com (124)| Mar 21,2002 10:51 AM ET (124)| Samson Mulugeta

A week after Zimbabwe’s president, Robert Mugabe, engineered an electoral victory to keep power, it has become clearer that his country — and the southern African region — will pay a price. Foreign governments and investors distanced themselves from Zimbabwe yesterday, deepening its isolation and its prospects for economic collapse.

The Commonwealth, an association of 54 nations, mostly former British colonies, suspended Zimbabwe’s membership, a moral rebuke that carries no immediate sanctions but that is usually reserved for military regimes that overthrow democratically elected governments. The suspension is seen as likely to encourage Mugabe’s opponents in Zimbabwe.

Switzerland announced that it would impose sanctions on Zimbabwe and would consider freezing the bank accounts of top leaders of the ruling party who may have accounts there. Denmark said it was closing its embassy in Zimbabwe and drastically reducing aid.

The United States and European Union have said they are considering new punitive sanctions against Mugabe’s government.

Perhaps the most worrisome response was a warning Monday from billionaire financier George Soros that the election had “cast doubt on the ability of the African states to create suitable preconditions for private investment.” Speaking in Mexico at a United Nations conference on development, Soros said, “Events in Zimbabwe have already had a deleterious effect on private capital flows in the entire region, and after the elections the situation is likely to deteriorate.”

Zimbabwe’s crisis already has hurt other southern African economies, sending refugees fleeing into neighboring countries and helping to depress the value of South Africa’s currency, the rand.

The Commonwealth’s suspension of Zimbabwe came after its election-monitoring team, headed by Gen. Abdulsalami Abubakar, the former Nigerian ruler, condemned the March 9-11 vote, largely because of “the climate of fear” created by Mugabe’s ruling party.

Zimbabwe Information Minister Jonathan Moyo told state television that the suspension was a “bad decision” based on a “bad report” from the group’s observers.

A spokesman for the main opposition party, the Movement for Democratic Change, said it “heartily welcomed” the decision. The suspension “vindicates what we have been saying all along,” MDC Secretary-General Welshman Ncube told the Agence France-Presse news agency.

“The Commonwealth members have come to our side in our darkest hour,” said Sternford Moyo, president of the Zimbabwe Bar Association, speaking by telephone from Harare. “The Commonwealth is saying what we saw during the election was unacceptable, and this should dent the government’s propaganda war.”

Mugabe, 78, who has ruled for 22 years, changed the electoral rules only days before the vote, a step that observers said disenfranchised thousands of voters. Militias of thugs from Mugabe’s party reportedly attacked opponents before and during the election, in which Mugabe’s administration declared he beat his challenger, Morgan Tsvangirai of the Movement for Democratic Change.

Zimbabweans have voiced anger about what most observers said was blatant voting fraud, but the country so far has avoided the immediate political explosion that many analysts feared. The country’s labor federation called for a three-day strike beginning today, and Tsvangirai voiced his support.

Wellington Chibebe, secretary-general of the Zimbabwe Congress of Trade Unions, said the federation would protest the election results and new security rules signed into law by Mugabe that ban strikes and political meetings without the knowledge of the police.