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Vol 50 No 8

Published 17th April 2009


Zimbabwe

From retreat to turnaround

Foreign investors but not their governments are beginning to take Harare's new order more seriously

Warm words emerged from Prime Minister Morgan Tsvangirai's ministerial retreat in Victoria Falls on 3-6 April and are encouraging foreign business to look at profitable turnarounds. Yet Western governments remain sceptical. The idea of the retreat was to bring the former sworn opponents together in Zimbabwe's most expensive and picturesque hotel to consider proposals from the new Finance Minister, Tendai Biti. Flanked by President Robert Mugabe and Deputy Prime Minister Arthur Mutambara, his former rivals who are now colleagues in government, Tsvangirai called for unity of purpose and reaffirmed the 'global political agreement' of last September.

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