adminAAG is an empowerment pressure group in Zimbabwe that promotes the broad-based economic empowerment of the indigenous people in areas of business, education and employment.
Its main focus is the promotion of entrepreneurial development of business for indigenous Zimbabweans and the inclusion of local communities in the commercial exploitation of their natural resources.
In the interests of pursuing the Indigenisation Act promulgated in 2007, which stipulates that foreigners should not hold more than 49 percent shares in a company with a minimum asset value of $500 000, AAG was spearheading the establishment of the programme in tertiary educational institutions.
AAG executive director Dr Davison Gomo said tertiary educational institutions were critical in the operations of the Affirmative Action Group, prompting the setting up of chapters in institutions of higher learning.
“Tertiary institutions are a very important element of our operations as AAG because it is from these institutions that professionals such as engineers, managers as well as all sorts of leaders are brewed. It makes a lot of sense at every stage of higher learning for us to establish our chapters so that we create an understanding of the Indigenisation programme,” he said.
At the moment, Dr Gomo said, they were working with students from Chinhoyi University of Technology, Midlands State University and Harare Polytechnic.
“There are no questions of excluding other regions as we roll out this programme because we are not region blind. We have an outreach programme to take the chapters to institutions in other parts of the country so that we create value about Indigenisation and Economic Empowerment,” he said.
He said the launch of the chapters had so far been met with a positive response.
Government has encouraged youths to take up an active role when participating in economic empowerment issues as they are the future custodians of the economy.
In support of this agenda, an economic empowerment fund was recently set up by Government to avail resources for youths’ entrepreneurial projects in the country.
Online Reporter