Indigenisation minister implores ‘western companies’ to comply

via Indigenisation minister implores ‘western companies’ to comply | The Zimbabwean by Sofia Mapuranga 22.10.13

Zimbabwe’s wealth must be shared equitably to create new jobs and improve the people’s quality of life, says the new Indigenisation Minister Francis Nhema.

In an interview with The Zimbabwean, Nhema dismissed as baseless the perception that the indigenisation policy targeted Western companies, leaving Chinese business untouched.

“You have to be fair and say that for a long time the investors that have been coming in have been from the West,” he said. “This means that these are the people that we have been dealing with for the last 100 years. So for you to say that we are targeting Western companies, yet we only have a few Chinese companies in Zimbabwe, is not fair,” he said.

He said because most of the business ventures that the Chinese engaged in were in partnership with government, it was wrong to view the Chinese as if they were getting a special preference.

“I want to believe that the Chinese have only moved in recently, and so to speak of targeting would be a misnomer. The question should be how many companies do they have in this country?” said the minister.

He urged “western companies” to engage government if they had any concerns or faced challenges in complying with the indigenisation law. “What we are saying is: come and engage us and we will discuss the best way forward and how best we can ensure that citizens also get a stake in the administration of their resources,” he said.

Zimbabwe’s economic fortunes are plagued by a myriad of challenges, key among them being critical electricity shortages.

Deputy Finance minister Samuel Undenge told a meeting of business executives last week that government was in the process of crafting “flexible terms with regard to compliance on indigenisation laws on capital projects like energy”.

 

COMMENTS

WORDPRESS: 5
  • comment-avatar
    Felix 7 years ago

    Mugabe’s indigenous policy is brilliant take the jobs from Zimbabweans give them to a Chinese person take a mine from a shona give to a Chinese take a farm from a shons give to a Chinese indigenoUS policy of Zanu Pf make Zimbabweme unemployed and employ only Chinese

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    Is the new Chinese mall, the one built on wetlands, indigenized? If not, then why not? Don’t the Chinese support the indigenization effort? Anjin should be 51% owned by real ZImbabweans who will share in it’s success – not the Army who will spend the profits to repress the people of the country.

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    Tiger Shona 7 years ago

    You can believe these Zanu PF’s at your own peril.
    Here is what the result will be of this indigenisation process;

    1) Enriched politicians,
    2) Serious lack of ANY investment,
    3) Serious loss of employment.

    Look, it is happening right now.

  • comment-avatar

    and the zimbabwean people do what to object??????????????????

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    You believe this idiot you are really stupid. Secondly embezzling is another word for indigenization. You will reap what you sow which will be nothing because you will destroy the country. Let me ask the fundamental question. Would you personally be happy to give up 51 % of what you yourself built up even to your best friend? The answer is NO because humans take pride in what they built up and sacrificed over. For you and your Zanoids to say its your right to take over others businesses is open theft you frigging idiot