Mugabe Pushing For 100 Percent Black Ownership of Firms in Zimbabwe

Not satisfied with current 51 percent rate


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.