Zimbabwe to ban foreign firms in breach of local ownership law

RUCCI

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Oct 6, 2011
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Zimbabwe will from April 1 cancel licences for foreign firms, including those operating mines and banks, that have not complied with a law to sell majority shares to locals, Empowerment Minister Patrick Zhuwao said on Wednesday.

"It's either you comply or you close shop," Zhuwao said.

Zimbabwe had given foreign-owned firms a March 2016 deadline to submit plans on how to comply with a law requiring them to sell at least 51 percent shares to locals.


Source: Reuters
 

Tetty

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Jan 6, 2012
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Naona baada ya kushindwa kuupandisha Buchumi wa nchi naona sasa anataka kuua kabisa au anataka kununua hizo hisa.Kama Mimi nafunga tu najiondokea.Mbona nchi nyingi tu.
 

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