Zimbabwe threatens to prosecute firms flouting ownership law

From Economic Views from Zimbabwe Thu Nov 29 2012, 03:46:00

(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:

South Africa:   Political Interference Weakening the Rule of Law (analysis)
Institute for Security Studies
27 September 2016

One of the founding values of democratic South Africa is 'the supremacy of the constitution and the rule of law'. The World Justice Project defines 'rule of law' as 'the process by which the laws [in ... [read more]

Africa:   AfDB Injects U.S.$1 Billion to End Youth Unemployment (news)
Inter Press Service
27 September 2016

The African Development Bank (AfDB) together with the International Institute of Tropical Agriculture (IITA) is embarking on the initiative "Jobs for Youth in Africa", aimed to put an end to youth ... [read more]

Africa:   When the Drugs Don't Work (news)
IRIN
22 September 2016

World leaders came together this week to agree on a global response to the escalating problem of Antimicrobial Drug Resistance (AMR), but will new measures actually reach the developing world where ... [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!