International Businesses Pulling Out From Zimbabwe

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So far, the international community is ready to slap a lot of sanctions on Zimbabwe, after Robert Mugabe got reelected as the country’s present by stealing the election and rigging the polls on the June 27 runoff elections. Recently, travel sanctions have been slapped upon supporters of Robert Mugabe. It has also extended to the family members of such supporters.

Children of Mugabe’s supporters that have studied abroad have been kicked out of those respective countries. Mugabe is bent on punishing those that have opposed and voted against him. One such opposition Mugabe intends to crush would be the Movement for Democratic Change (MDC) which is led by Morgan Tsvangirai, the former opposition candidate.

Tsvangirai dropped out days before the runoff election amidst violence directed towards the MDC.

While in power, Mugabe must face the economic crisis that still plagues the country. Mugabe cannot buy his way out of it. Zimbabwe’s banknotes are near worthless and Mugabe’s assets have been frozen.

Now, businesses plan on pulling out of the country.

A source with oil giant Shell, has said that the company plans to cease all activity in Zimbabwe. This is coming from claims that the fuel is being hoarded and given to members and supporters of Zanu-PF Party. While the country suffers, it is the Zanu-PF Party that is reaping the rewards.

Shell has a joint deal with British Petroleum (BP). So far, Shell is concerned with Zimbabe’s political climate as a result of the violence. However, BP plans to remain in Zimbabwe.

Human rights lawyer Tino Bere said that sanctions should be slapped upon fuel imports. According to Bere, fuel imports are reserved for Zanu-PF members.

In a nutshell, one by one, businesses are pulling out from Zimbabwe.