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Anglo Transfers Majority Stake to Zimbabweans

  • Blessing  Zulu

Zimbabwe's indigenization ministry has come under fire for not releasing the names of individuals who have benefited from companies targeted under the country’s controversial black economic empowerment law.

Anglo-owned Unki Mine recently surrendered a 51 percent stake of its shares to government.

The ministry said some equity worth $302 million went to Tongogara Community Trust, Unki employees and strategic investors whose names have not been published.

There was no immediate comment from Indigenization Minister Savior Kasukuwere. This has been the same trend in many companies that have been compulsorily acquired.

Deputy Indigenization Minister Tongai Matutu of the Movement for Democratic Change formation of Prime Minister Morgan Tsvangirai told the VOA that he is also concerned by the lack of transparency in the whole process.

“We are not even aware of the names of the people who actually benefitted since this programme actually started about three years ago," said Matutu.

"Without that information we believe that there is an element of secrecy meant to starve members of the public of information on who is actually benefiting from this programme,” Matutu said.
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