Chiyangwa, Mandiwanzira for indigenisation indaba

Several prominent "indigenisation" tycoons will meet in Harare on July 20, to try and pave the way forward on indigenisation issues.

Philip Chiyangwa
Philip Chiyangwa

The one-day Indaba is being hosted by a new organisation known as the African Economic Development Strategies (AEDS).

Prominent tycoons who will grace the occasion include the flamboyant Phillip Chiyangwa, Chief Executive of Pinnacle Property Holdings, and Supa Mandiwanzira, a former business reporter for the ZBC TV and The Business Herald, who rose to prominence in the business world by becoming the Chairman of the Affirmative Action Group formerly led by Chiyangwa.

Top agriculture guru, Mandivamba Rukuni of Mandi Rukuni Seminars will address the Indaba, as will Minister of Industry and Commerce Welshman Ncube, Minister of Mines Obert Mpofu and Minister of Investment Tapiwa Mashakada.

Deputy Prime Minister Arthur Mutambara, is scheduled to give the key-note address.

Minister of Indigenisation Saviour Kasukuwere has repeatedly told local and international investors that "there is no going back on indigenisation" in Zimbabwe and any foreign investors who do not adhere to the stringent regulations can "pack up and go".

The mining industry says this is scaring away potential investment in their industry which needs about $5 billion to get back on track.

A spokesman for the workshop said the high-powered event would "audit current progress on indigenisation and economic empowerment in Zimbabwe".

Post published in: Economy

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