Browsing Tag

Indigenisation and Economic Empowerment Act

Mugabe says empowerment law confusing investors

Apr 13, 2016 321

Zimbabwe’s black empowerment policy that aims to transfer majority shares from foreign-owned firms to locals is confusing potential investors and makes it hard to compete for foreign investment, President Robert Mugabe said on Tuesday.
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Business

Minister says banks have credible plans to sell stakes to locals

Apr 3, 2016 178

By MacDonald Dzirutwe Foreign banks operating in Zimbabwe have submitted credible plans on how they intend to transfer majority shares to locals, the country's finance minister said on Saturday, reducing the chances the government could…
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Business

Zimbabwe gives foreign firms March deadline for empowerment plans

Dec 24, 2015 172

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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Business

Zanu PF empowerment model ‘elite predatory transfer’

Jan 28, 2013 252

HARARE - As the battle for votes in the 2013 elections intensifies, Finance Minister Tendai Biti has described the empowerment model being pursued by their rivals in Zanu PF as the “predatory accumulation from the rich to the rich.”
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Business

Kasukuwere defiant on closure of foreign firms

Sep 10, 2011 429

HARARE - Indigenisation Minister Saviour Kasukuwere says he will continue pushing for the closure of foreign firms that fail to cede majority shareholding to locals, despite fierce resistance from some of his political allies.
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Opinion

Mugabe and the White African- BBA episode

Aug 15, 2011 418

The world must have cringed, or gotten confused, the other day on seeing on television young Wendall Parson giving President Robert Mugabe a bear hug.
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