[QODLink]
Africa

Mugabe to boost black ownership of economy

Zimbabwe's ruling ZANU-PF party says some 1000 foreign-owned companies will be targetted for the purpose.

Last Modified: 07 Aug 2013 04:10
Email Article
Print Article
Share article
Send Feedback

Zimbabwe President Robert Mugabe's ZANU-PF party has said it will increase black Zimbabweans' ownership of the economy in the next five years.

The party, which won a landslide in the recent polls, said some 1000 foreign-owned companies including banks and mines will be targetted for the purpose.

But the announcement has added to the investors' concerns about its political dominance.

Al Jazeera's Haru Mutasa reports from Harare.

69

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.