News / National
Mugabe launches Marange-Zimunya Community Trust
27 Jul 2012 at 06:34hrs | Views
President Robert Mugabe has officially launched the Marange-Zimunya Community Share Ownership Trust with an initial contribution of US$50 million by five mining entities in Chiyadzwa.
Mugabe said the proceeds of the trust must be used transparently and those who mishandle the trust funds will be punished.
"Let me advise the trustees to refrain from misappropriation of resources from the transactions. We greatly hold our respected chiefs with esteem and honour hence they are the ones entrusted to lead their communities out of poverty," said Mugabe.
The President called on Zimbabwean artisans in the diaspora and those with skills in mining and metallurgy to form partnerships and take over the running of mines in the country.
He also warned sell-outs that a day of reckoning awaits them as the West has no permanent friends but permanent interests as seen with the way they dealt with former Libyan leader, Colonel Muammar Gadaffi.
The President said Zimbabwe will not tolerate indigenous fronted white owned companies as in the case of Canadile mining entity.
The launch brings to five the number of schemes launched since last year.
Earlier on the day, President Mugabe commissioned St Noah Primary School in Mafararikwa, Marange area of Manicaland Province.
Addressing thousands of people, President Mugabe commended members of the Johane Marange Church for advancing the empowerment of blacks through education.
He said the construction of St Noah Primary School without donor assistance demonstrates that the church is pursuing the doctrine of self-reliance.
At the same occasion, the President donated 15 computers to the school as part of enhancing the Presidential Computerisation Programme which was initiated 10 years ago.
Mugabe said education has always been an integral part of the country despite being affected by economic hardships caused by the illegal sanctions imposed by Britain and her allies.
The school's four classroom blocks were completed in three months, and the school now has an enrolment of 2500 pupils.
The President was accompanied by First Lady Amai Grace Mugabe, the Minister of State for Presidential Affairs, Didymus Mutasa and several cabinet ministers.
Mugabe said the proceeds of the trust must be used transparently and those who mishandle the trust funds will be punished.
"Let me advise the trustees to refrain from misappropriation of resources from the transactions. We greatly hold our respected chiefs with esteem and honour hence they are the ones entrusted to lead their communities out of poverty," said Mugabe.
The President called on Zimbabwean artisans in the diaspora and those with skills in mining and metallurgy to form partnerships and take over the running of mines in the country.
He also warned sell-outs that a day of reckoning awaits them as the West has no permanent friends but permanent interests as seen with the way they dealt with former Libyan leader, Colonel Muammar Gadaffi.
The President said Zimbabwe will not tolerate indigenous fronted white owned companies as in the case of Canadile mining entity.
The launch brings to five the number of schemes launched since last year.
Earlier on the day, President Mugabe commissioned St Noah Primary School in Mafararikwa, Marange area of Manicaland Province.
Addressing thousands of people, President Mugabe commended members of the Johane Marange Church for advancing the empowerment of blacks through education.
He said the construction of St Noah Primary School without donor assistance demonstrates that the church is pursuing the doctrine of self-reliance.
At the same occasion, the President donated 15 computers to the school as part of enhancing the Presidential Computerisation Programme which was initiated 10 years ago.
Mugabe said education has always been an integral part of the country despite being affected by economic hardships caused by the illegal sanctions imposed by Britain and her allies.
The school's four classroom blocks were completed in three months, and the school now has an enrolment of 2500 pupils.
The President was accompanied by First Lady Amai Grace Mugabe, the Minister of State for Presidential Affairs, Didymus Mutasa and several cabinet ministers.
Source - Zbc
