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

Lesotho Faces New Round of Violence, Political Crisis

Brutal killing of military officer has sent former leaders back into S. Africa where they're watching anxiously as regional officials head in to try to restore peace More

Video US Diplomat Expects Adoption of Bosnian Massacre Anniversary Resolution

Samantha Power says there's broad consensus about killings in Bosnia's war, but Russia calls resolution 'divisive,' backs UN countermeasure More

UN Report Exposes Widespread Boko Haram Atrocities

Damning report graphically details pattern of vicious, widespread atrocities committed by Islamist militants 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.
Olympics Construction Scars Sacred Korean Mountaini
X
July 02, 2015 4:10 AM
Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Olympics Construction Scars Sacred Korean Mountain

Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Xenophobia Victims in South Africa Flee Violence, Then Return

Many Malawians fled South Africa early this year after xenophobic attacks on African immigrants. But many quickly found life was no better at home and have returned to South Africa – often illegally and without jobs, and facing the tough task of having to start over. Lameck Masina and Anita Powell file from Johannesburg.
Video

Video Family of American Marine Calls for Release From Iranian Prison

As the crowd of journalists covering the Iran talks swells, so too do the opportunities for media coverage.  Hoping to catch the attention of high-level diplomats, the family of American-Iranian marine Amir Hekmati is in Vienna, pleading for his release from an Iranian prison after nearly 4 years.  VOA’s Heather Murdock reports from Vienna.
Video

Video UK Holds Terror Drill as MPs Mull Tunisia Response

After pledging a tough response to last Friday’s terror attack in Tunisia, which came just days before the 10th anniversary of the bomb attacks on London’s transport network, British security services are shifting their focus to overseas counter-terror operations. VOA's Henry Ridgwell has more.
Video

Video Obama on Cuba: This is What Change Looks Like

President Barack Obama says the United States will soon reopen its embassy in Cuba for the first time since 1961, ending a half-century of isolation. VOA White House correspondent Luis Ramirez reports.
Video

Video Hate Groups Spread Influence Via Internet

Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video US Silica Sand Mining Surge Worries Illinois Residents, Businesses

Increased domestic U.S. oil and gas production, thanks to advances known as “fracking,” has created a boom for other industries supporting that extraction. Demand for silica sand, used in fracking, could triple over the next five years. In the Midwest state of Illinois, people living near the mines are worried about how increased silica sand mining will affect their businesses and their health. VOA’s Kane Farabaugh has more in this first of a series of reports.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Texas Defies Same-Sex Marriage Ruling

Texas state officials have criticized the US Supreme Court decision giving same-sex couples the right to marry nationwide. The attorney general of Texas says last week's decision did not overrule constitutional "rights of religious liberty," and therefore officials performing wedding services can refuse to perform them for same-sex couples if it is against their religious beliefs. Zlatica Hoke reports on the controversy.
Video

Video Rabbi Hits Road to Heal Jewish-Muslim Relations in France

France is on high alert after last week's terrorist attack near the city Lyon, just six months after deadly Paris shootings. The attack have added new tensions to relations between French Jews and Muslims. France’s Jewish and Muslim communities also share a common heritage, though, and as far as one French rabbi is concerned, they are destined to be friends. From the Paris suburb of La Courneuve, Lisa Bryant reports about Rabbi Michel Serfaty and his friendship bus.
Video

Video Saudi Leaks Expose ‘Checkbook Diplomacy’ In Battle With Iran

Saudi Arabia’s willingness to wield its oil money on the global diplomatic stage appears to have been laid bare, after the website WikiLeaks published tens of thousands of leaked cables from Riyadh’s Ministry of Foreign Affairs. VOA's Henry Ridgwell reports.
Video

Video In Kenya, Police Said to Shoot First, Ask Questions Later

An organization that documents torture and extrajudicial killings says Kenyan police were responsible for 1,252 shooting deaths in five cities, including Nairobi, between 2009 and 2014, representing 67 percent of all gun deaths in the areas reviewed. Gabe Joselow has more from Nairobi.

VOA Blogs