Foreigners allowed to own up to 49 per cent of Zimbabwean companies
04 Feb 2016
Following an announcement by the Governor of the Reserve Bank of Zimbabwe, foreign investors will be allowed to own up to 49 per cent of companies listed on the Zimbabwe Stock Exchange. The Bank’s Governor said the limit on foreign ownership would be increased from the current threshold of 40 per cent, while other measures would be introduced to stem the flow of foreign currency out of the country, improve the production of natural resources and tackle illicit activity. According to the monetary policy statement, the 40 per cent mark was reviewed and increased to 49 per cent “in order to align the Exchange Control threshold of 40% to the indigenisation policy framework”.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Financial and insurance activities)
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