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.