News / Africa

Mugabe: Majority Stake in All Zimbabwe Businesses will be Black

Zimbabwean President Robert Mugabe addresses supporters in Harare, July, 20 2011
Zimbabwean President Robert Mugabe addresses supporters in Harare, July, 20 2011
Peta Thornycroft

Zimbabwe President Robert Mugabe said Thursday that there will be no turning back on policy of black ownership of Zimbabwe’s businesses.  He made the statement at his ZANU-PF party’s annual conference.  Zimbabwe's leader told thousands of delegates that the country achieved a military victory over minority white rule in 1980, has taken back land from white farmers since 2000, and now will give a majority stake in all businesses to blacks.

Mugabe looked physically fit and sounded mentally alert as he rallied his party faithful in a two-hour speech in Bulawayo, a city where most people do not support the ZANU-PF party.

He denounced this year's NATO campaign in Libya and said that country's former leader Moammar Gadhafi was naïve to trust the West.

Mugabe said that Zimbabwe wants foreign investment or partners. About 4,000 delegates sang and applauded the president when he told them that Zimbabwe’s natural resources should be used to ensure the prosperity of local, not foreign, children.

"Sure we want partners, sure, but let the majority of the companies be our companies," he said.

Mugabe singled out mining companies for majority ownership in what is known in Zimbabwe as "indigenization."

“We insist that our people get not less than 51 percent in each and every mining company in the country.  The law is there, the Indigenization and Empowerment Act.  It is there now and it was passed," he said.

Several political and financial analysts say most foreign mining companies so far have not been forced to part with more than 10 percent of their shares to local communities or company workers.

Mugabe also said elections would be held next year in Zimbabwe.

Multi-party committees trying to reform legislation and draft a new constitution say they doubt that a vote can be held before 2013, when Mugabe will be 89 years old.

The party’s 10 provincial executives have endorsed him to lead the ZANU-PF party in the next elections.

Analysts say new elections would likely end the inclusive government with Prime Minister Morgan Tsvangirai’s Movement for Democratic Change and the small MDC lead by Welshman Ncube.  The unity government emerged after the two MDC’s defeated the ZANU-PF party in a disputed and violent 2008 vote.

Mugabe told party delegates to prepare for a vote. “[The] time has come now for us to prepare for elections.  The time has come for us to straighten ourselves to go to elections and let people choose a government of their own liking," he said.

President Mugabe also called on the ZANU-PF party to renounce violence.  Most human rights organizations say that Mugabe’s supporters murdered hundreds of MDC supporters during the 2008 elections.

This week's annual party conference ends on Saturday.

You May Like

Conflicts Engulf Christians in Mideast

Research finds an increase in faith-based hostilities, and Christians are facing persecution in a growing number of countries in the region More

Chinese Americans: Don’t Call Us 'Model Minority'

Label points to collective achievement, but some say it triggers resentment, unrealistic expectations More

Iran Bolsters Phone, Internet Surveillance

Does increased monitoring suggest the government is nervous? More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
West Africa Ebola Vaccine Trials Possible by Early 2015i
X
Carol Pearson
August 30, 2014 7:14 PM
A U.S. health agency is speeding up clinical trials of a possible vaccine against the deadly Ebola virus that so far has killed more than 1,500 people in West Africa. If successful, the next step would be a larger trial in countries where the outbreak is occurring. VOA's Carol Pearson has more.
Video

Video West Africa Ebola Vaccine Trials Possible by Early 2015

A U.S. health agency is speeding up clinical trials of a possible vaccine against the deadly Ebola virus that so far has killed more than 1,500 people in West Africa. If successful, the next step would be a larger trial in countries where the outbreak is occurring. VOA's Carol Pearson has more.
Video

Video Survivors Commemorate 70th Anniversary of Nazi Liquidation of Polish Ghetto

When the Nazi army moved into the Polish city of Lodz in 1939, it marked the beginning of a long nightmare for the Jewish community that once made up one third of the population. Roughly 200,000 people were forced into the Lodz Ghetto. Less than 7,000 survived. As VOA’s Kane Farabaugh reports, some survivors gathered in Chicago on the 70th anniversary of the liquidation of the Lodz Ghetto to remember those who suffered at the hands of the Nazi regime.
Video

Video Cost to Raise Child in US Continues to Rise

The cost of raising a child in the United States continues to rise. In its latest annual report, the U.S. Department of Agriculture says middle income families with a child born in 2013 can expect to spend more than $240,000 before that child turns 18. And sending that child to college more than doubles that amount. VOA’s Deborah Block visited with a couple with one child in Alexandria, Virginia, to learn if the report reflects their lifestyle.
Video

Video Chaotic Afghan Vote Recount Threatens Nation’s Future

Afghanistan’s troubled presidential election continues to be rocked by turmoil as an audit of the ballots drags on. The U.N. says the recount will not be completed before September 10. Observers say repeated disputes and delays are threatening the orderly transfer of power and could have dangerous consequences. VOA correspondent Meredith Buel reports.
Video

Video Ukraine Battles Pro-Russia Rebel Assault

After NATO concluded an emergency meeting to discuss the crisis in eastern Ukraine, the country is struggling to contain heavy fighting near the strategic port of Mariupol, on the Azov Sea. Separatist rebels are trying to capture the city, allegedly with Russian military help, and Ukraine's defense forces are digging in. VOA's Daniel Schearf spoke with analysts about what lies ahead for Ukraine.
Video

Video Growing Business Offers Paint with a Twist of Wine

Two New Orleans area women started a small business seven years ago with one thing in mind: to help their neighbors relieve the stress of coping with a hurricane's aftermath. Today their business, which pairs painting and a little bit of wine, has become one of the fastest growing franchises across the U.S. VOA’s June Soh met the entrepreneurs at their newest franchise location in the Washington suburbs.
Video

Video Ebola Vaccine Trials To Begin Next Week

The National Institutes of Health says it is launching early stage trials of a vaccine to prevent the Ebola virus, which has infected or killed thousands of people across West Africa. The World Health Organization says Ebola could infect more than 20,000 people across the region by the time the outbreak is over. The epidemic has health experts and governments scrambling to prevent more people from becoming infected. Zlatica Hoke has more.
Video

Video Asian Bacteria Threatens Florida Orange Trees

Florida's citrus fruit industry is facing a serious threat from a bacteria carried by the Asian insect called psyllid. The widespread infestation again highlights the danger of transferring non-native species to American soil. VOA’s George Putic reports.
Video

Video Aging Will Reduce Economic Growth Worldwide in Coming Decades

The world is getting older, fast. And as more people retire each year, fewer working-age people will be there to replace them. Bond rating agency Moody’s says that will lead to a decline in household savings; reducing global investments - which in turn, will lead to slower economic growth around the world. But experts say it’s not too late to mitigate the economic impact of the world’s aging populations. Mil Arcega has more.
Video

Video Is West Doing Enough to Tackle Islamic State?

U.S. President Barack Obama has ruled out sending ground troops to Iraq to fight militants of the so-called Islamic State, or ISIS, despite officials in Washington describing the extremist group as the biggest threat the United States has faced in years. Henry Ridgwell reports from London on the growing uncertainty over whether the West’s response to ISIS will be enough to defeat the terrorist threat.
Video

Video Coalition to Fight Islamic State Could Reward Assad

The United States along with European and Mideast allies are considering a broader assault against Islamic State fighters who have spread from Syria into Iraq and risk further destabilizing an already troubled region. But as VOA State Department Correspondent Scott Stearns reports, confronting those militants could end up helping the embattled Syrian President Bashar al-Assad.
Video

Video Made in America Socks Get Toehold in Online Fashion Market

Three young entrepreneurs are hoping to revolutionize the high-end sock industry by introducing all-American creations of their own. And they’re doing most of it the old-fashioned way. VOA’s Julie Taboh recently caught up with them to learn what goes into making their one-of-a-kind socks.
Video

Video Americans, Ex-Pats Send Relief Supplies to West Africa

Health organizations from around the world are sending supplies and specialists to the West African countries that are dealing with the worst Ebola outbreak in history. On a smaller scale, ordinary Americans and African expatriates living in the United States are doing the same. VOA's Carol Pearson reports.

AppleAndroid