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Is Zimbabwe Shutting Down Foreign Businesses?

  • Chris Gande

Independent economic commentator Daniel Ndlela says the measures are necessary to protect small businesses in Zimbabwe

Independent economic commentator Daniel Ndlela says the measures are necessary to protect small businesses in Zimbabwe

A senior state official says foreigners operating retail and wholesale businesses in Zimbabwe like barber shops, hair salons, bakeries or grinding mills face the risk of arrest if they continue operating by the beginning of next year under the indeginization and Empowerment Act.

George Magosvongwe is quoted in The Herald newspaper as saying this at a joint meeting of the Parliamentary Portfolio Committee on Youth, Indigenisation and Economic Empowerment and the thematic committee on Indigenisation and Empowerment held Thursday.

Magosvongwe said his ministry is putting in place measures to enforce the law.

According to the law, anyone who flouts this piece of legislation with effect from January 1, 2014, will be liable to a two-year sentence.

Independent economic commentator, Daniel Ndlela said the measures are necessary to protect small businesses in Zimbabwe.
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