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indigenisation an act of economic brigandage
Youth Alliance for Democracy
February 27, 2010
attempts by Minister Kasukuwere to bulldoze the Indegenisation
Bill into a Government statutory
instrument on the ill intention of 'empowering'
the indigenous people are unfortunate and should be dismissed with
the contempt they deserve. History has it that ZANU PF has never
and will never be interested in the empowerment of Zimbabweans especially
youths. The proposed 51% stake for locals fails to grasp the economic
realities of the nation at a time when the country is trying to
lure foreign investments and reassure property rights. This is a
move which is clearly reminiscent of the violent Land Grab and should
not be supported by any right thinking Zimbabwean.
Besides attempts to empower
youths through the Youth Development and Empowerment Fund from Kasukuwere's
office have been marred by serious corruption with youths being
charged between US$10 to US$50 by staff at the Ministry for project
proposal writing yet no guarantee is given that they will access
the loan facility.
by YAD Gender Department have shown that the staff at the ministry
is accessing the funds at the expense of the generality of youths.
Banks such as Metropolitan Bank and CBZ have professed that it is
not up to them, as should be the case, to disburse the loan but
are receiving orders from the Ministry of Youth on which people
to give the loans. As the situation stands today the Metropolitan
Bank has distanced itself from the fund which has since been transferred
to ZABG Bank. A Board member of the Zimbabwe Youth Council concurred
that 'the fund is not meant to empower needy youths but to
buy patronage from and sustain supporters of the former ruling party.'
This has seen the majority
of the beneficiaries being either non youths or Border Gezi graduates.
Youth Alliance for Democracy is concerned with the selective clandestine
handling of the fund in an era that has been ear-marked by all SADC
countries, including Zimbabwe, as the "Era of Youth Development,
2009 to 2018." In the same vein we also hold that there is
no guarantee that the Indegenisation move will be done in a transparent
manner, if anything it is meant at disempowering the indigenous
people. The green light that this 'policy' received
at the ZANU PF 230th Ordinary session is an attempt to bulldoze
the Bill into Government meant to reverse the relative economic
stability that the country had achieved under the 'Inclusive'
Government and also meant to enrich ZANU PF cronies who benefited
from the chaotic land invasions.
will not reign over good will'
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