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Indigenisation under spotlight

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About 1 000 delegates are expected to attend the indigenisation indaba in Harare next week to find solutions and bring clarity to the controversial empowerment programme.

The event will be held on July 20 and will be attended by the government, private sector and civil society representatives.

Event organisers Africa Economic Development Strategies (AEDS) communications and research director Gift Mugano said the indaba will provide answers and clarity on various issues surrounding the legislation.

“We are receiving positive feedback from the civil society, the government, various ministries, private companies and many others and besides this is a topical issue in the country,” said Mugano.

Many would want to ask why the indigenisation indaba is being hosted now.

“This is new and this is the right time for people to engage and understand Civil society, business community and members of the public want to know where we are on indigenisation and where we are going. We want to provide a platform for all the stakeholders and to provide a constructive feedback around indigenisation,” said Mungano.

He said issues to be addressed include the closure of already indigenised companies.

Speakers at the event include Economic Planning and Investment Promotion minister Tapiwa Mashakada, who will tackle the impact of indigenisation policy on foreign direct investment drive.

Youth Development, Indigenisation and Empowerment minister Savior Kasukuwere will give a report on current position regarding indigenisation.

Former ambassador to China Christopher Mutsvangwa will speak about whether Chinese investment to Zimbabwe is helpful or harmful.

Pinnacle Holdings chairman Philip Chiyangwa will speak on the subject “Is the majority black entrepreneurs ready, able and willing to participate?”

The Affirmative Action Group president Supa Mandiwanzira is expected to address a conference on indigenisation, whether it is a necessity or a gravy train for the chosen few.

AEDS is a policy research and capacity building institution which seeks to promote alternative development strategies and economic thinking in dealing with African problems and issues following the global financial crisis.

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