Mugabe panics

Analyst have said that faced with the deteriorating economic situation and threat of social unrest, President Robert Mugabe and the government have changed the country's investment terrain.

This is why the minister of Youth, Indigenization and Economic Empowerment, Christopher Mushowe, recently said that the laws compelling investors to cede 51 percent of their investment to locals would now only be mandatory in the mining sector.

This is a major climb down from what Mugabe had said in August 2013, when he said there was going to be total indigenization of the economy.

According to sources government promised Dangote that they will revise laws that have long been castigated as hostile to foreign investment.