Zimbabwe Presses On With Local Ownership Law-Minister

Monday, March 01, 2010

Zimbabwe is pressing ahead with plans to transfer control of foreign firms to local ownership despite objections that the policy would hurt the country's economic recovery, a minister said on Friday.

President Robert Mugabe's government in 2007 passed an indigenisation and economic empowerment law, before he formed a power-sharing administration with rival Morgan Tsvangirai last year, seeking to localise control of foreign firms.

Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere earlier this month directed all firms to provide details of their indigenisation plans, starting March 1, in a move that has split the unity government.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Raging on: The war in Ukraine shows no signs of relenting PIC: GETTY IMAGES

We all have a responsibility to defend freedom and shared values

AMBASSADOR HOWARD VAN VRANKEN* | 10 h ago

Give me a chance - Systems coach

Larona Makhaiza | 11 h ago

Rollers in injury crisis as winless run stretches

Kabelo Boranabi | 11 h ago

Chiefs hope to get docked points back

Kabelo Boranabi | 11 h ago

Gaokgorwe remains cautious amid promotion race intensity

Chakalisa Dube | 11 h ago

Swimming team jets off to Africa Aquatics Championships

Calistus Kolantsho | 11 h ago

Distance a big enemy for teams like Desert Nxau

Mqondisi Dube | 11 h ago

Mukokomani makes strong comeback

Calistus Kolantsho | 11 h ago

Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Mmegi Editor | 26 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More