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Vol 48 No 2

Published 19th January 2007


Zimbabwe

Bailing out President Mugabe

Despite its cold war with Whitehall, Harare's biggest financiers are London-based banks and insurance companies

British and South African banks have provided a more than US$400 million financial lifeline to President Robert Mugabe's government over the last two years, much of it targeted at financing Harare's controversial land resettlement programme. This funding flies in the face of President Mugabe's routine attacks on British 'neo-colonial sabotage' and claims that his government receives most of its vital funding from its radical allies in Asia and Latin America. It also shows that Britain has become complicit in propping up the regime, according to opposition MPs at Westminster.

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