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:

Burundi:   Govt Could Scrap Presidential Term Limits (news)
The East African
24 August 2016

A debate on whether to scrap Presidential term limits in Burundi is set to kick off after a commission formed last year to chart the country's political future said it was ready to present its ... [read more]

South Africa:   State to Challenge Pistorius's 6-Year Jail Term (news)
News24Wire
26 August 2016

The State will on Friday again challenge a ruling by Judge Thokozile Masipa against convicted murderer Oscar Pistorius. It would ask for leave to appeal against the six-year jail term she sentenced ... [read more]

Kenya:   Key Nairobi Roads Closed as International Convention Starts (news)
The Nation
26 August 2016

All roads leading directly to the Kenyatta International Convention Centre (KICC) in Nairobi were closed at midnight, with only accredited people and vehicles allowed in. This follows the commencement ... [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!