The Chinese government is back on the negotiating table offering
the desperate Mugabe regime some loan into the mockingly empty ZimAsset begging
bowl in return for Zimbabwe selling its national minerals for a song.
The Chinese official on
these talks, Han admitted Chinese loans to Zimbabwe without giving the country
another cent more amounts to a staggering $1.5 billion already and that
Zimbabwe failing to repay that. It is not just the Chinese the Zimbabwe government
owes a lot of money but the IMF, the WB and other nations and institutions.
The Zimbabwe’s national
debt stands at a staggering $10 billion which is nearly three times the
national Chinamasa’s fictitious” 2014 national budget at $4,1 billion – fictitious
because collected revenue has fallen way below what he claim. Only the other
day Minister Chinamasa himself admitted the nation was failing to pay back the
interest on its debt let alone pay off the principle sum.
The Chinese know it is
not so much that the Mugabe regime is up to its eyes in debt that no one has
step forward to lend the regime another penny more since the 2013 rigged
elections but that by blatantly rigging the elections Mugabe showed that he is
set on his corrupt and wasteful ways and will never accept change. Even the
Chinese themselves have for the last nine months said no to granting the regime
any new loans.
The can only be one
reason why the Chinese have reconsidered and are thus willing to grant the
regime fresh loans – they know the regime will pay whatever the Chinese ask
for.
What the Chinese must
know and understand is that the Mugabe regime is illegitimate – even the breathtakingly incompetent
Tsvangirai can prove beyond doubt that Mugabe rigged the 2013 elections – and as
such no future Zimbabwean government will be under any obligation to honour any
deals the regime signs, especially deals if honoured would keep Zimbabwe
forever poor and destitute!
Zimbabwe is a bad debtor
and its government bonds are junk. The way out of this mess is for Zimbabwe to
have a legitimate government which will restore the rule of law and win international
acceptance and confidence.
All the Chinese are
interested in is exploit the chaos in Zimbabwe, perpetuate this tyrannical
Mugabe dictatorship a few more months for selfish reasons. The Chinese must
know that the will be a price to be paid for that! The people of Zimbabwe can
see the game the Chinese are playing, we are not all stupid!
3 comments:
Former Zimbabwe Country Manager of the World Bank, Mungai Lenneiye, also told the conference that Harare should spruce up its image first before investors can start investing in the southern African nation.
Disputed elections and alleged violation of human rights by President Mugabe’s government continue to be cited as reasons by the international community for its reluctance to re-engage Harare.
Former Manager Mungai Lenneiye is spot on, Zimbabwe needs to “spruce up” its image of a lawless country in where those in power do as they please seizing private property and blatantly rigging elections. Zimbabwe’s political history is marked with these peaks of lawlessness during elections followed by valleys of relative calmness only to have another peak as the next election looms.
Mugabe has been on an all-out charm offensive since the July 2013 rigged elections to woo investors and donors; trying to assure them that the regime will, this time, uphold the law. Of course no one believes it. What the international community has thrown Mugabe the gantlet; to prove his regime will respect the rule of law and not just say it, he must hold a free and fair elections. Whoever wins the free elections will have the trust and confidence of the international community and investors.
Of course holding free and fair elections is the one thing Mugabe has failed to do in all his 34 years in power but, unless he can rig economic recovery the same way he rigged the elections, he really has no other option left but to drink this bitter medicine. The Zimbabwe economy is in a comatose state already and the bitter medicine is the cure!
@ Roving Ambassador
By telling Tsvangirai, Biti, Ncube and the rest of the incompetent idiots that the nation has lost confidence in their continued leadership will force Mugabe to seat up and listen. The tyrant is smart enough to know that once the nation has swept the house clean of MDC blundering idiots Mugabe and his thugs will be next!
Mugabe has stayed in power these last years only because he was able to out wit Tsvangirai and his stupid MDC friends. As long as the nation continues to have incompetent leaders in the opposition Mugabe and Zanu PF know that they stay in power is secure.
@ Dog Star
There are two reasons why Zimbabwe will make sure it does not honour the deals China sign with Mugabe:
1) The Chinese know Mugabe is desperate for money and that he is a bad debtor and so they will be asking for extortionist rates of interests or ridiculous low prices of our minerals. We will only have to expose that these were rip off deals no nation in its right mind would never ever accept.
The details of these deals alone, hammered home well and proper, will force the Chinese to abandon their claim or their name will be mud all over Africa. All over Africa, people will be wary of the Chinese's exploitation and evil influence.
2) We will do our home-work and prove beyond doubt that Mugabe rigged the 2013 elections and hence this Mugabe regime is illegitimate. We also know that there cer-tain nations like Israel and China who helped Mugabe in committing this serious act of treason against the people of Zimbabwe.
If anyone thinks they can come into Zimbabwe, piss on the nation by helping tyrants commit treason and then expect the nation they have so insulted to honour deals they signed with the tyrant then they are very naïve!
The Chinese are banking on the Mugabe regime surviving for x months and that they will have shipped the money's worth in diamonds and other minerals in that period. If the regime survives beyond the x months then it is a bonus. If the regime falls before that; that is a risk they are clearly willing to take.
Whatever happens the deals Mugabe sign with China will be thoroughly investigated with a view of exposing the evil influence the Chinese have had in Zimbabwe and recovering as much of our looted treasure as possible.
The Chinese are banking on another incompetent Tsvangirai led government taking over after Mugabe. Well that is a very big mistake because incompetent leaders like him are not going to rule Zimbabwe. The days of incompetent African regimes so stupid they will sell their own soul to the devil for a Yuan are over, at least in Zimbabwe; they can take that as read!
Whatever Zimbabwe owed to China for helping in our fight for independence; that has been repaid a thousand fold already. What we want now is a healthy relationship of equals and not this man and his ill-treated donkey!
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