business infrastructure 12.10.10.jpgGovernment has urged youths to take advantage of the skill and potential they have to develop and enhance economic growth by effective utilization of the land reform progra

 

The remarks for the youth to effectively utilize the country’s resources by starting business ventures such as farming was made by the Minister of Lands and Rural Resettlement, Cde. Hebert Murerwa, during a business Indaba organised by the Zimbabwe Youth Council in the capital.

 

Cde. Murerwa said the success of the Indigenisation and Empowerment Program gives a leeway for the nation’s youths to be economically empowered hence shunning neo-colonialism.

Speaking at the same occasion the chairman of TA Holdings Limited, Mr. Shingi Mutasa, said Zimbabweans constitute 97%of the country’s population and should be the major drivers of the economy through various business ventures.

 

The Indigenization and Economic Empowerment Act which is also in line with the Head of State and Government and Commander  in Chief of the Zimbabwe Defense Forces, Cde. Robert Mugabe’s total empowerment drive was passed by parliament in 2008.

 

The Act stipulates that all foreign owned companies operating in Zimbabwe must arrange for a 51% share of interests to promote indigenisation for the benefit of the country’s economy.