Africa

Mugabe Pushing For 100 Percent Black Ownership of Firms in Zimbabwe

Not satisfied with current 51 percent rate

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Zimbabwe President Robert Mugabe on Friday vowed to overhaul business laws to require 100 percent black ownership of firms, up from 51 percent.

In a pre-election address to the ZANU-PF party faithful, Mugabe said the government would press ahead with controversial indigenisation policies, despite protestations from foreign investors.