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:

South Africa:   Amai Grace Mugabe Escapes Court Appearance (news)
allAfrica.com
20 August 2017

Mrs Grace Mugabe returned home to Zimbabwe with her husband, President Robert Mugabe, on Sunday without having to appear in court on charges of assaulting a woman in a Johannesburg hotel room. The ... [read more]

Zambia:   Released Opposition Leader Has No Time to Lose - Interview (interview)
Radio France Internationale
19 August 2017

The leader of Zambia's main opposition party has been out of jail less than a week but says he's determined to restore rule of law to Zambia. United Party for a New Democracy President Hakainde ... [read more]

Nigeria:   Buhari Returns From London (news)
Leadership
20 August 2017

After spending about 103 days in the United Kingdom on medical vacation, President Muhammadu Buhari yesterday returned to the country. His aircraft, Nigerian Air Force 001, touched down at the ... [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!