Arab Today, arab today mugabe backs 100 black ownership of zimbabwe firms
Last Updated : GMT 14:37:31
Arab Today, arab today
Arab Today, arab today

Mugabe backs 100% black ownership of Zimbabwe firms

Arab Today, arab today

Arab Today, arab today Mugabe backs 100% black ownership of Zimbabwe firms

Gweru - AFP

Zimbabwe President Robert Mugabe on Friday vowed to overhaul business laws to require 100 percent black ownership of firms, up from 51 percent. In a pre-election address to the ZANU-PF party faithful, Mugabe said the government would press ahead with controversial indigenisation policies, despite protestations from foreign investors. \"The notion that capital is more important than any other factors is nonsense,\" Mugabe told 5,000 delegates in the central city of Gweru. \"That philosophy is dirty, filthy and is criminal.\" Mugabe\'s government passed a controversial indigenisation law two years ago, forcing all foreign-owned firms to cede a 51-percent share to locals, arguing it would reverse imbalances created during colonial rule. \"I think now we have done enough of 51 percent. Let it be 100 percent,\" he told the last party conference before 2013 polls, which could well see the 88-year-old\'s name on the ballot for the last time. In typically bombastic style, Mugabe\'s comments plotted a clear populist platform for his re-election campaign. \"If you don\'t want to abide by the rules go away.\" Mugabe and ZANU-PF face an uphill struggle to win over voters, many of whom are angered at the poor state of the economy. The party must also patch up the damage done by internal splits that cost the party dearly in the 2008 general elections. In that election, for the first time since independence in 1980, ZANU-PF lost its majority in parliament. That helped force the veteran leader into a shaky power-sharing government with long-time rival Prime Minister Morgan Tsvangirai, whom he will face at the polls.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mugabe backs 100 black ownership of zimbabwe firms Arab Today, arab today mugabe backs 100 black ownership of zimbabwe firms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mugabe backs 100 black ownership of zimbabwe firms Arab Today, arab today mugabe backs 100 black ownership of zimbabwe firms

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday