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
This is the story of British investors Stewart Middleton and Sarah Hermitage driven from Tanzania by violence, abuse and intimidation instigated by Benjamin Mengi which included a vicious defamation campaign by IPP Media a powerful media house owned by his brother Reginald Mengi. Reginald Mengi sued Sarah Hermitage for Libel in London in 2010 for posts in this Blog. On 30th November 2012 the High Court ruled that Reginald Mengi was complicit in his brother’s corruption and intimidation.
1 comment:
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.
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