Last Updated- Feb 16, 2009 8:47 - - 0 Comments


Mugabe buys $5.7m house in Hong Kong – UK newspaper

President Robert Mugabe

Zimbabwean President Robert Mugabe bought a $5.7 million house in Hong Kong at the same time his country is dealing with 94-percent unemployment and a cholera outbreak that’s killed 3,467 people, the Sunday Times said.

The house was bought on Mugabe’s behalf through an unidentified company, the U.K. newspaper said, without giving its location or providing the source of its information. Calls to Zimbabwe’s embassy in Beijing weren’t answered.

Zimbabwe is in the grip of a decade-long recession and had the world’s highest inflation rate, at 231 million percent last July, the last time the government provided an official estimate. Zimbabwe is facing shortages of food, fuel and other basic commodities.

At least 6.9 million Zimbabweans, or more than half of the population, need emergency food rations, according to the United Nations World Food Programme.

Source: Bloomberg

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