business meeting 20.09.10.jpgEmpowerment groups have urged government to speed up the implementation of the Indigenisation and Economic Empowerment Act in other sectors of the economy besides mining.

The implementation of the indigenisation law began last year with much emphasis on the mining sector.

Community share ownership trusts were set up among major mining firms.

However, this has not cascaded down to other sectors hence the call by empowerment groups for the government to fully implement the law.

In an interview in Harare, Communities Calling Empowerment Group Chairman, Mr Charles Nyachowe said government should ensure that in 2012, all sectors comply with the empowerment law.

Zimbabwe Entrepreneurs Youth Action President, Mr Munyaradzi Kashambe concurred with his executive member, Mr James Pande that local authorities should stop issuing out licences to foreigners who continue to flood reserved sectors under the indigenisation and empowerment policy.

Government enacted the Indigenisation and Economic Empowerment Act in a bid to cede the country’s resources to indigenous citizens and reserved low capital sectors such as retail, agro-processing and hair salons among others.

2011 saw the implementation of the law in the mining sector while sectors such as the financial services, agriculture, information and communication technology, among others are yet to be implemented.