Mugabe vows "total" indigenisationFresh from his recent election win, Zimbabwe's Robert Mugabe has vowed to press ahead with a controversial "indigenisation" policy that will force all companies to surrender economic control to black Zimbabweans.
Speaking at a rally to mark Defence Forces Day Mugabe, 89, said: "The indigenisation and empowerment drive will continue unabated in order to ensure that indigenous Zimbabweans enjoy a larger share of the country's resources."
He called the policy the "final phase of the liberation struggle".
"Now that the people of Zimbabwe have granted us a resounding mandate in the governance of the country, we will do everything in our power to ensure that our objective of total indigenisation, empowerment, development and employment is realised," he said.
Foreign-owned companies in Zimbabwe are already supposed to ensure they are at least 51 percent locally owned, a move that has put off investors.
Mugabe won last month's Presidential election ahead of former Prime Minister and Movement for Democratic Change (MDC) leader Morgan Tsvangirai, garnering 61 percent of the vote.
He denies opposition claims that the voting was rigged in his favour.
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