Mugabe's Party Vows 'Unique Wealth Transfer' in Zimbabwe

Zimbabwe’s ruling party says it will carry out plans to give local blacks control of foreign-owned companies, despite concern from investors.

ZANU-PF announced its plans in Zimbabwean newspaper ads on Tuesday, following its landslide victory in last week’s presidential and parliamentary elections. 

The full-page ads said that in the next five years, Zimbabwe will witness what the party called “a unique wealth transfer model that will see ordinary people take charge of the …

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