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An article relating to this blog post on Finextra:

G&D halts banknote exports to Zimbabwe

Munich-based Giesecke & Devrient (G&D) has stopped supplying banknote paper to the Reserve Bank of Zimbabwe following pressure from the German government for it to cease business with Robert Mugabe's...

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Mugabe 0 - Boris 1

G&D really had no choice but to pull out of Zimbabwe. The German firm wasn't just under pressure from governments and the public, it was also in danger of losing big money contracts.

The German firm supplies London's Oyster cards through a sub-contract with EDS.

On hearing of the link between the firm and Mugabe's regime a couple of days ago, mayor Boris Johnson told EDS not to renew G&D's contract when it expires in August.

The mayor's office is now "pleased to hear that our action and others" has lead to G&D changing its position.

In fact it is so pleased there seems to have been a change of heart over the contract and the office is now "considering our position".





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