Zimbabwe threatens to prosecute firms flouting ownership law

From Economic Views from Zimbabwe Thu Nov 29 2012, 08:46:00

(AFP)-12 hours ago

HARARE -- Zimbabwe warned on Wednesday that foreign companies that fail to cede majority stakes to locals as required by a controversial law risk being prosecuted.

The Minister of Indigenisation and Economic Empowerment Saviour Kasukuwere said some businesses had ignored the law and reminded them to "realise the folly of what they are doing."

[view whole blog post ]
 See More    |     Report Abuse

People and Organizations:


You might also be interested in the following news stories:

Ethiopia:  Power Restored in Ethiopia (news)
allAfrica.com
29 Mars 2024

The power cut affecting Ethiopia "except Bahir Dar and surroundings" is over, the Ethiopian Electric Power announced. "Due to a problem in our system, the power has been interrupted," their statement ... [read more]

Mali:  Situation socio-politique - Quasiment plus de places à la contestation (news)
allAfrica.com
29 Mars 2024

L’expert du Système des Nations Unies sur les questions de droits de l’homme au Mali, Alioune Tine, a estimé dans son dernier rapport, que l’on se dirige vers un ... [read more]

Kenya:  Kenya Forms Avocado Taskforce to Tackle Sector Challenges (news)
Business Day Africa
29 Mars 2024

Kenya has formed an avocado taskforce committee comprising exporters, farmers, shippers, and aggregators aimed at addressing pertinent issues within the sector, with a deadline of 30 days to propose ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!