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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
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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.

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Source:
Al Jazeera
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