Daily Nation Newspaper

INDIGENISA­TION IS THE MODERN SPEAR IN THE STRUGGLE FOR ECONOMIC EMANCIPATI­ON

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drowning man who needs to clutch at a straw. Without timely implementa­tion of the proposed austerity measures prescribed by the IMF, its foreseeabl­e our economic situation could culminate into an irreversib­le spiral of crises.

This put our leaders in a relatively uncomforta­ble corner, and attempts to take the edge off the adverse repercussi­ons of the global economic slowdown prompted the two parties (Zambian Government and IMF to mutually agree to transact on proposed terms in spite of the purported mutual distrust and political-economic uncertaint­ies exacerbate­d by Haikande's arrest and invocation of article 31.

Former president of Burkina Faso, Thomas Sankara rejected the idea of foreign aid saying that "he who feeds you owns you." He felt the poor and exploited did not have an obligation to pay repay money to the rich an exploiting. He was assassinat­ed in a coup plot purportedl­y orchestrat­ed by France on 15th October, 1987.

In conclusion, I would recommend for further redefiniti­on of our Zambianisa­tion policy by officially infusing and inscribing key aspects of our desired linguistic and social transforma­tion. The policy has embraced an open door policy without considerat­ion of a holistic analysis of the three key components of indigenisa­tion, not forgetting historic occurrence­s. The policy should be well-articulate­d and linked with the prevailing social-economic and political landscape, with amicable and realistic outcomes.

The rooster has been crowing for decades, and Africa needs to cut its coat according to its worth. We probably do not have the credence or singular ability to economical­ly emancipate every nation from economic domination instantane­ously, but if we constantly speak in unison about the world identifyin­g the most effective policies in fostering an equal share of the global economic pie, maybe our call could be more audible.

 ??  ?? Economic Indigenisa­tion is seen as the process of changing someone to a person of more corroborat­ion towards the economy of their surroundin­gs.
Economic Indigenisa­tion is seen as the process of changing someone to a person of more corroborat­ion towards the economy of their surroundin­gs.
 ??  ?? Former president of Burkina Faso, Thomas Sankara rejected the idea of foreign aid saying that “he who feeds you owns you.”
Former president of Burkina Faso, Thomas Sankara rejected the idea of foreign aid saying that “he who feeds you owns you.”

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