Zimbabwe

Zimbabwe

Adopts Indigenisation and Economic Empowerment Regulation

01 Mar 2010

In March 2010 Zimbabwe adopted the Indigenization and Economic Empowerment (General) Regulation 2010 (Statutory Instrument 21 of 2010), which, inter alia, requires companies operating in Zimbabwe to provide specific information (including an indigenisation implementation plan) to the Minister of Youth Development Indigenisation and Empowerment by 15 April 2010. The information will be used as a basis for determining what amount less than 51 percent shall apply to any sector or subsector and the maximum period for achieving indigenization.

Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: