IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Mar 2010 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

The Zimbabwean government is said to be contemplating a 51% 'indigenous Zimbabwean' ownership of all foreign companies (with an asset value of above US$500,000) including mines and banks in a legislation prepared by the Ministry of Youth Development, Indigenisation and Empowerment.
 
Update 15-05-2013:
 
The implementation of the Indigenisation and Economic Empowerment Act requires allnon­indigenous mining businesses to submit an indigenisation implementation plan to the Minister within 45 days of the date of the notice. Such plans, once approved by the Minister, must be implemented within six months of the date of the notice.

AFFECTED COUNTRIES

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