PRESIDENT Emmerson Mnangagwa has hailed his government's decision to amend the Indigenisation Act, saying the move had opened floodgates of foreign direct investments into the country.Speaking at the ...
Chamber of Mines of Zimbabwe (COMZ) president, Batirai Manhando has urged the government to scrap off indigenisation requirements on diamond and platinum sectors, as failure to do so will chase away i...
The Chamber of Mines of Zimbabwe is lobbying government to remove the 51/49% indigenisation cap on the diamond and platinum sectors so that investors have a wide choice.Addressing journalists ahead of...
Amendments to the Indigenisation and Economic Empowerment Act have been gazetted in a move signaling the government's commitment to opening Zimbabwe for business.The development has been welcomed, wit...
ZIMBABWE's industries have proposed the establishment of measures to shield them from foreign competition in State tenders.A draft local content policy being discussed by Confederation of Zimbabwe Ind...
GOVERNMENT is working on crafting legislative provisions to clarify changes to the Indigenisation and Economic Empowerment Act.Recently, President Emmerson Mnangagwa announced that the Indigenisation...
GOVERNMENT has overhauled its indigenisation policy as it moves to attract foreign direct investment (FDI) in the country as part of economic reforms spearheaded by President Emmerson Mnangagwa's admi...
THE 51/49 percent shareholding requirement under the Indigenisation and Economic Empowerment Act would now be applied to investments to extract two precious minerals - diamonds and platinum.Finance an...
President Emmerson Mnagangwa has delivered to some extent on a lean cabinet, reducing it from 26 to 22 and whittling away deputy ministers to six.But its the composition has drawn some criticism for i...
Government is amending the Indigenisation and Economic Empowerment Act to reflect its policy position that the 51/49 percent requirement only applies to natural resource-based investments.In this inve...
ECONOMIC analysts say the best way for President Emmerson Mnangagwa's government to attract serious and long-term investment into the country is to scrap the controversial indigenisation law that has ...
The lack of progress in amending the Indigenisation Act to bring it in line with the policy clarification that President Robert Mugabe made last year continues to hinder efforts to improve the attract...
Morgan Tsvangirai's MDC says it will repeal a law to force the transfer of foreign-owned firms to local ownership if it wins power in the 2018 elections.MDC shadow Finance minister Tapiwa Mashakada sa...
GOVERNMENT has engaged Oxfam to support the National Indigenisation and Economic Empowerment Board (NIEEB) in renegotiating its indigenisation agreement with Blanket Mine.Blanket Mine, which is owned ...
Zimbabwe is willing to compromise on indigenisation stipulations to help the national airline to secure a new investor.Transport minister Obert Mpofu said government was pursuing various efforts to en...
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says government must review the indigenisation policy and consider empowerment credits for business sustenance in favour of compulsory acquis...
The Zimbabwe Government on Thursday denied reports that it is in the process of amending the Indigenisation and Empowerment Act.Recent media reports indicated that the Government was in the process o...
Youth, Indigenisation and Empowerment Minister Francis Nhema is satisfied with results of the Indigenisation and Economic Empowerment Act since its inception saying investors are now warming up to the...
Zimbabwe may introduce a levy on foreign and white-owned companies to pay for the training of unemployed black Zimbabweans, Indigenisation Minister Francis Nhema said.The southern African nation has s...
Indigenous businesspeople and legal practitioners have implored government to prioritise amending the Indigenisation and Economic Empowerment Act and the Labour Act when aligning laws to the new Const...
ZIMBABWE is planning to tone down a controversial equity law which forces foreign companies to cede a majority shareholding to local investors, a Cabinet minister said yesterday.Zimbabwe's controversi...
Scores of Golden Grill Fast Foods outlets workers in Bulawayo Friday arrived at work to find their workplace under lock and key after National Indigenisation and Economic Empowerment Board (NIEEB) of...
FOR years opaque policies, policy inconsistencies, failure to protect property rights and laws such as the Indigenisation and Economic Empowerment Act, among other factors, have militated against Zimb...
This week's announcement Mauritius-based Afrasia Bank Ltd has increased shareholding in AfrAsia Zimbabwe Holdings Limited to 62,5% , following the injection of an additional $20 million into the enti...
Mashonaland West Provincial Affairs minister Faber Chidarikire has pledged free land to the Chinese in exchange for major investment in agriculture. Chidarikire told a Chinese delegation led by deputy...