Government thinking of reviewing indigenisation


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So far it has all been talk and no action. But Zimbabwe’s cash-strapped government, which was yesterday forced to delay salaries for civil servants, could seriously be thinking of reviewing its indigenisation law to attract foreign investment and create jobs. Industry and Commerce Minister Mike Bimha told the Chinese news agency Xinhua today that the government is looking at all possibilities to attract business. “We are looking at areas that can bring value-addition and beneficiation, for example, value-addition and beneficiation for agricultural products and minerals, and also businesses that can create a lot of employment,” he said. The Zimbabwe African National Union-Patriotic Front won last year’s elections on the back of empowerment through land reform and indigenisation but it has so far failed to turn around the economy which continues on a downward slide prompting the opposition to say the party was able to rig elections but cannot rig the economy.

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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