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Zimbabwe

Mugabe wants more control

2004-09-16 09:25
line

Special Report

Commit to Constitution drafting, Zanu-PF told
Commit to Constitution drafting, Zanu-PF told

Zanu-PF should be committed to the drafting of Zimbabwe’s new constitution, a British envoy says after the party threatened to pull out of the constitutional drafting process.

War vets battle dispair
War vets battle dispair

A dusty road leads to the village of Wedza, where veterans of Zimbabwe's liberation war eke out a meagre living on their farm cooperative, which after a promising start now brings only despair.

Harare - Zimbabwe's President Robert Mugabe on Wednesday said his government will soon move on to control the manufacturing sector a day after announcing the state would demand half-ownership of the country's mines.

"We want to control the mining sector, we want to control the manufacturing sector," Mugabe was quoted as saying by state television.

Zimbabwe's manufacturing sector, which had previously contributed significantly to the gross national output, export earnings and employment, has in recent years shrunk due to galloping inflation, shortages foreign exchange, electricity and at times fuel.

The manufacturing sector has recorded falling turnovers alongside the mining and agriculture sectors.

Owning natural resources

The Confederation of Zimbabwe industries reported last year that in real terms investment in the sector had dropped by more than half in 2002 compared to the previous year, with several firms closing shop and many jobs lost.

Mugabe, whose government has controversially taken over thousands of white-owned farms in the past four years for redistribution to new black farmers, on Monday said Zimbabweans did not yet enjoy "absolute ownership" of natural resources.

"We are going to demand that government be given 50% shares in the mines," he was quoted by a state daily. - AFP

- SAPA

inside news24

 

Latest comment in Africa

Anthony says... @Fidel For a few seconds, you showed us the true Fidel; "For God'd sake, who cares about the Zimbabweans" !!!!!! And than you.......quickly deleted your post. You remember what I said to the Russians and Chinese: Slimy and Spineless !!!!!!!! For a few seconds, you showed us your sick and disturbed attitude towards any Arican who does not share your pathethic anti Western points of view. Read the article...

 
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