Friday, January 08, 2010

Zimbabwe Reviews Laws Limiting Foreign Investment

Zimbabwe's Indigenization and Economic Empowerment Act, which came into force in March 2008, limits foreign stake holdings in companies in the country to 49% while a 51% stake must be held by local investors. Economic Planning Minister Elton Mangoma was reported as saying allowable shareholding may be increased to as much as 100% in some sectors. To read the entire article click here.

Luring foreign investment back to Zimbabwe will be an uphill battle. In September 2008 the World Bank's International Finance Corporation announced in their Doing Business Report 2008 that Zimbabwe is one of the worst countries in the world to do business in. To access this report click here.


Anonymous said...

Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!

Elizabeth said...

We will continue to do our best with our limited resources. The fact that you have taken time to read and comment on our blog brings us great joy and motivation!

Jonathan said...

I am Zimbabwean living in England and I used to live in Harare, I must say that my country has been ruined by world's biggest terrorist which is Mugabe, look at the exchange rate, poverty, economic conditions of Zimbabwe. When I think about it my heart really goes, I wonder why Mugabe does not let citizens of Zimbabwe decide the future of the country and also Mugabe must realize that he is in power since last 30 years his mind is getting old and he cannot think the same as young generation can think, so he must resign for the better of Zimbabweans. Thank you