Judegment Day At The High Court London

Judegment Day At The High Court London
Mengi v Hermitage: Libel Claim Successfully Defended

Wednesday, 10 February 2010

IPPMEDIA- REGINALD MENGI-FORIEGN INVESTORS FLEE THE COUNTRY WHEN THINGS GO WRONG

REGINALD MENGI STATES THAT FOREIGN INVESTORS 'RUN AWAY' FROM THEIR INVESTMENTS IN TANZANIA WHEN A 'CRISIS' AFFECTED THEIR BUSINESS URGING EAST AFRICANS TO VALUE LOCAL INVESTORS MORE.


HAS THE TANZANIAN GOVERNMENT CHANGED IT'S FOREIGN POLICY
TO ATTRACT FOREIGN DIRECT INVESTMENT IN TANZANIA?

1 comment:

Anonymous said...

The question for Reginald Mengi is "What do you expect them to do ?". The truth is when the going gets tough the entire system turns against them. Where are they expected to turn when the rule of law does not exist any more. Investors would rather run away than face humiliation, persecution and extortive corruption.

By all means local investors should be encouraged or made the rule of law.

To an investor the statement shows a total lack of professionalism, good education and disregard for the ethics of journalism.