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

Turkey: No Ransom Paid for Release of Hostages Held by IS Militants

President Erdogan hails release of hostages as diplomatic success but declines to be drawn on whether their release freed Ankara's hand to take more active stance against insurgents More

Audio Sierra Leone Ends Ebola Lockdown

Health ministry says it has reached 75 percent of its target of visiting 1.5 million homes to locate infected, educate population about virus More

US Pivot to Asia Demands Delicate Balancing Act

As the tumult in the Middle East distracts Obama, shifting American focus eastward appears threatened 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.
Natural Gas Export Plan Divides Maryland Towni
X
Deborah Block
September 21, 2014 2:12 PM
A U.S. power company that has been importing natural gas now wants to export it. If approved, its plant in Lusby, Maryland, would likely be the first terminal on the United States East Coast to export liquefied natural gas from American pipelines. While some residents welcome the move because it will create jobs, others oppose it, saying the expansion could be a safety and environmental hazard. VOA’s Deborah Block examines the controversy.
Video

Video Natural Gas Export Plan Divides Maryland Town

A U.S. power company that has been importing natural gas now wants to export it. If approved, its plant in Lusby, Maryland, would likely be the first terminal on the United States East Coast to export liquefied natural gas from American pipelines. While some residents welcome the move because it will create jobs, others oppose it, saying the expansion could be a safety and environmental hazard. VOA’s Deborah Block examines the controversy.
Video

Video Fears Ebola Outbreak ‘Beyond Our Capability to Contain’

Each day brings with it new warnings about the deadly Ebola outbreak already blamed for killing more than 2,600 people across West Africa. And while countries and international organizations like the United Nations are starting to come through on promises of help for those most affected, the unprecedented speed with which the virus has spread is raising questions about the international response. VOA's Jeff Seldin has more from Washington.
Video

Video Difficult Tactical Battle Ahead Against IS Militants in Syria

The U.S. president has ordered the military to intensify its fight against the Islamic State, including in Syria. But how does the military conduct air strikes in a country that is not a U.S. ally? VOA correspondent Carla Babb reports from the Pentagon.
Video

Video Iran, World Powers Seek Progress in Nuclear Talks

Iran and the five permanent members of the U.N. Security Council plus Germany, known as the P5 + 1, have started a new round of talks on Iran's nuclear program. VOA State Department correspondent Pam Dockins reports that as the negotiations take place in New York, a U.S. envoy is questioning Iran's commitment to peaceful nuclear activity.
Video

Video Alibaba Shares Soar in First Day of Trading

China's biggest online retailer hit the market Friday -- with its share price soaring on the New York Stock Exchange. The shares were priced at $68, but trading stalled at the opening, as sellers held onto their shares, waiting for buyers to bid up the price. More on the world's biggest initial public offering from VOA’s Bernard Shusman in New York.
Video

Video Obama Goes to UN With Islamic State, Ebola on Agenda

President Obama goes to the United Nations General Assembly to rally nations to support a coalition against Islamic State militants in Iraq and Syria. He also will look for nations to back his plan to fight the Ebola virus in West Africa. As VOA White House correspondent Luis Ramirez reports, Obama’s efforts reflect new moves by the U.S. administration to take a leading role in addressing world crises.
Video

Video Migrants Caught in No-Man's Land Called Calais

The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching Europe. And for those forunate enough to reach a place like Calais, France, only find that their problems aren't over. Lisa Bryant has the story.
Video

Video Westgate Siege Anniversary Brings Back Painful Memories

One year after it happened, the survivors of the terror attack on Nairobi's Westgate Shopping Mall still cannot shake the images of that tragic incident. For VOA, Mohammed Yusuf tells the story of victims still waiting for the answer to the question 'how could this happen?'
Video

Video Militant Assault in Syria Displaces Thousands of Kurds

A major assault by Islamic State militants on Kurds in Syria has sent a wave of new refugees to the Turkish border, where they were stopped by Turkish border security. Turkey is already hosting about 700,000 Syrian refugees who fled the civil war between the government and the opposition. But the government in Ankara has a history of strained relations with Turkey's Kurdish minority. Zlatica Hoke reports Turkey is asking for international help.
Video

Video Whaling Summit Votes to Uphold Ban on Japan Whale Hunt

The International Whaling Commission, meeting in Slovenia, has voted to uphold a court ruling banning Japan from hunting whales in the Antarctic Ocean. Conservationists hailed the ruling as a victory, but Tokyo says it will submit revised plans for a whale hunt in 2015. Henry Ridgwell reports from London.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid