empowerment

By MacDonald Dzirutwe HARARE - Zimbabwe's finance minister on Thursday gave foreign-owned firms operating in the country, including mines and banks, a March 2016 deadline to submit plans on how to comply with a law requiring them to sell…
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HARARE - As the economic crisis in Zimbabwe reaches boiling point, President Robert Mugabe’s move to push for amendments to the controversial indigenisation policy has left former minister of Indigenisation, Savior Kasukuwere with egg on…
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Zimbabwe's new central bank governor said on Wednesday the government should balance its black economic empowerment drive with the need to attract foreign investment to boost the economy.
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There appears to be attempts by the ruling ZANU PF party to soften its stance on the controversial indigenisation law that compels foreign owned firms to transfer a controlling shareholding to locals.
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Zimbabwe will let foreigners keep majority stakes in banks for now because locals have no money to buy shares, the finance minister said on Wednesday, signalling a pause in President Robert Mugabe's black economic empowerment drive.
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Sadly, for the rest of us, Mugabe and company have reached the apex of the Zimbabwe of their dreams.
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The ZANU PF led empowerment ministry is planning to legalise the unpaid takeover of foreign owned companies in Zimbabwe, in the latest twist in the indigenisation campaign.
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HARARE - Moves to garner votes from youths ahead of the anticipated elections this year have intensified among the major political parties amid indications from population census results that youths form the majority population in Zimbabwe.
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Black people are worse off than they were during the apartheid years, expelled ANC Youth League leader Julius Malema said. More than 1000 mineworkers from the liquidated Aurora Empowerment Systems and the neighbouring Gold One arrived to…
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HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has put out the claws on Indigenisation minister Saviour Kasukuwere and his empowerment fixer David Chapfika, saying they were unfit to preside over the localisation of foreign…
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