MikeLigalig.com

HARARE, Aug. 3 (Xinhua) -- Zimbabwean analysts have expressed mixed views on the future, especially economic future, of the country following the re-election of President Robert Mugabe and his party into power.

Mugabe's Zimbabwe African Nation Union - Patriotic Front (Zanu- PF) party also secured two-thirds of the seats in the parliament, giving it the power to amend the constitution without the support of other parties.

Nhamo Mhiripiri, a media studies lecturer with the Midlands State University, told Xinhua on Saturday that Mugabe and his party's victory in the July 31 elections will give Zimbabwe stability and certainty to move forward.

"There will be more stability, less bickering and a pursuance of polices that will be easy to deliver," he said.

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Zimbabwe's economy has gone through a roller-coaster past from one of Africa's most prosperous countries to a near collapse economy. The economy began to recover in 2009 after the government dumped the hyperinflation-crashed Zimbabwe dollar and adopted the U.S. dollar as currency. Mining and agriculture sectors are also booming.

Mugabe and Tsvangirai were forced into a coalition government after the disputed polls in 2008. Both claimed credit for the economic recovery and criticized the other's strategies to boost development.

Zanu-PF has been pushing for local employment through "indigenization" drive, while MDC-T is more in favor of attracting foreign investments by opening up wide.

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Tsvangirai has described the elections as a "huge farce" that did not reflect the will of the people. He said the elections were marred with irregularities that affect the legitimacy of its outcome.

Coltart, who lost to a member of Tsvangirai's party in the July 31 parliamentary elections, said Zimbabwe would find it difficult to attract foreign capital if Zanu-PF insisted on its policy to transfer foreign ownership of companies to black Zimbabweans.

Justice and Legal Affairs Minister Patrick Chinamasa, a member of Mugabe's party, said on Friday that his party will push ahead with the indigenization program to ensure the country's resources "are exploited by Zimbabweans for the benefit of our people."

"We want to enhance participation of locals in industry from the current levels (51 percent) to 100 percent. We want to have an economy that is Zimbabwean," he said.

Chinamasa said Zimbabwe's economy was currently a British economy as major banks were British-owned.

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