Africa and its Issues- Why Have We Ignored Africa? Message Board

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Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa?

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From: Brumar89	7/20/2008 1:36:24 PM
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China has resurrected resource colonialism: telegraph.co.uk Why has China bought Mugabe a mansion? By Christopher Booker Last Updated: 12:01am BST 20/07/2008 Have your say Read comments It may not be surprising that, as befits any mad dictator, President Mugabe is now the proud owner of a palatial £4.5 million mansion in Harare and a similarly lavish country hideaway, each fitted with the latest electronic security systems, including anti-aircraft missiles. But why should all this have been provided for him by the People's Republic of China? The explanation lies in a deal struck in 2005 whereby Mr Mugabe handed over to China his country's mineral rights, including the world's second largest reserves of platinum, worth £250 billion. In return for allowing the Chinese to cart away more than half a billion pounds' worth of minerals a year, Mr Mugabe not only makes a vast personal fortune for himself and his henchmen, but is given all the arms he needs to keep his criminal regime in power, including guns, jet fighters and military vehicles. (For further details, see my colleague Richard North's EU Referendum website.) ht DMA

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