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Vol 2 (AAC) No 5

Published 1st March 2009


Zimbabwe

Bank East

Mugabe's multi-million dollar property in Hong Kong is just one part of growing financial links between Zimbabwe's ruling clique and Asia

Asia is an attractive destination for the property and financial portfolios of the senior cadres of the Zimbabwe African National Union-Patriotic Front. It is extremely profitable, free from the prying eyes of United States and European sanctions enforcers and is ideologically sound. That is, it fits with President Robert Mugabe's 'Look East' policy which has tried (not very successfully, see AAC Vol 2 No 2) to compensate for lost inflows from Western investors.

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