Maravi

(TALKZIMBABWE) New indigenisation board appointed

New indigenisation board appointed
Staff Reporter
Sat, 16 Jan 2010 14:48:00 +0000

PRESIDENT Robert Mugabe has approved the appointment of the National Indigenisation and Economic Empowerment Board as provided for by the Indigenisation and Economic Empowerment Act.

The 13-member board has representatives from interest groups, indigenisation and empowerment experts and other key sectors such as women, youth, the disabled and ministries of Economic Planning and Investment Promotion, Mines and Mining Development and Industry and Commerce.

Former Member of Parliament and Deputy Minister of Finance and Economic Development and later Agriculture Mr David Chapfika will chair the board.

Mr Chapfika is an indigenisation and empowerment expert, who is a professional banker. He has worked for several banks in Zimbabwe and carried out international banking consultancy for the World Bank.

Other members of the board include Dr Ellen Gwaradzimba, Ms Sitholakele Masuku, Mr Adam Molai, Ms Sheila Sidambe, Engineer Musanhu -- all indigenisation and empowerment experts -- and Mr Thankful Musukutwa, the Secretary in the Ministry of Mines and Mining Development.

Other board members are Mr Prince Mupazviriho, Secretary in the Ministry of Youth Development, Indigenisation and Empowerment, Mr Spencer Chihota representative of the youth; Mr Farai Mutamangira, a lawyer; Dr Desire Sibanda from the Ministry of Economic Planning and Investment Promotion.

There is also Mr Dayford Nhema from the Ministry of Industry and Commerce, and Mr T. Mungoni, who is the national research and advocacy officer for the National Association of Societies for the Care of the Disabled..

The board is expected to spearhead the implementation of the indigenisation and economic empowerment objective of achieving the 51 percent indigenous stake in all major companies of the economy.

Addressing the appointees after making the announcement yesterday, Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere said the objectives of the board are to advise the minister on the Government's indigenous policies.

Labels: MUGABE, NATIONAL INDIGENISATION AND ECONOMIC EMPOWERMENT BOARD - ZIMBABWE

posted by MrK @ 9:23 PM