News / National
Fierce wrangles erupts over the administration of empowerment trusts funds
05 Oct 2012 at 00:27hrs | Views
Fierce wrangles have erupted over the administration and disbursement of the funds allocated to community share ownership trusts launched by President Mugabe last year.
The tiffs pit the ministry of Youth Development, Indigenisation and Economic, which initiated the schemes, the ministry of Local Government, the custodian of the trustees who are chiefs and Economic Empowerment Board that is responsible for disbursement of funds.
Sources said these 3 are fighting among themselves while at times conniving to loot the funds that would have been contributed by companies that have complied with the indigenisation laws, leaving the intended beneficiaries, the communities, out of the equation.
Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere yesterday announced a new 15-member National Indigenisation and Economic Empowerment Board chaired by Retired Lt-General Mike Nyambuya. He replaces David Chapfika, who chaired the inaugural board whose term recently came to an end.
Those who retained their positions on the board include Africa University dean of students Ellen Gwaradzimba, lawyer Farai Mutamangira, businessman Adam Molai and national research and advocacy officer of the National Association of the Societies for the Care of the Disabled and Handicapped Tsaurai Mungoni.
Other newcomers to the board are George Magosvongwe the Acting Secretary for Youth Development, Indigenisation and Empowerment, young entrepreneur Innocent Munyaradzi Hamandishe, economics lecturer Jasmine Chipika and economist Brains Muchemwa. Others are Bulawayo businesswoman Thandiwe Nkomo, lawyer Florence Ziumbe, acting chairperson and lecturer for the Department of Political and Administrative Studies at the University of Zimbabwe Charity Manyeruke, Secretary for Small and Medium Enterprises and Co-operative Development, Evelyn Ndhlovu and Secretary for Industry and Commerce, Abigail Shonhiwa.
The director for Indigenisation Godfrey Sigobodla and lawyer Clement Phiri were also appointed as alternates.
The tiffs pit the ministry of Youth Development, Indigenisation and Economic, which initiated the schemes, the ministry of Local Government, the custodian of the trustees who are chiefs and Economic Empowerment Board that is responsible for disbursement of funds.
Sources said these 3 are fighting among themselves while at times conniving to loot the funds that would have been contributed by companies that have complied with the indigenisation laws, leaving the intended beneficiaries, the communities, out of the equation.
Those who retained their positions on the board include Africa University dean of students Ellen Gwaradzimba, lawyer Farai Mutamangira, businessman Adam Molai and national research and advocacy officer of the National Association of the Societies for the Care of the Disabled and Handicapped Tsaurai Mungoni.
Other newcomers to the board are George Magosvongwe the Acting Secretary for Youth Development, Indigenisation and Empowerment, young entrepreneur Innocent Munyaradzi Hamandishe, economics lecturer Jasmine Chipika and economist Brains Muchemwa. Others are Bulawayo businesswoman Thandiwe Nkomo, lawyer Florence Ziumbe, acting chairperson and lecturer for the Department of Political and Administrative Studies at the University of Zimbabwe Charity Manyeruke, Secretary for Small and Medium Enterprises and Co-operative Development, Evelyn Ndhlovu and Secretary for Industry and Commerce, Abigail Shonhiwa.
The director for Indigenisation Godfrey Sigobodla and lawyer Clement Phiri were also appointed as alternates.
Source - news
