Governance BILLS & STATUTES

Indigenisation and Empowerment Act Amendment

www.zimtreasury.gov.zw December 8, 2017
Achieved
Mar 2018

Zimbabwe government officially amends indigenization law

www.xinhuanet.com March 03, 2018

The Zimbabwe government has officially amended the Indigenization and Economic Empowerment Act to limit its application to designated diamond and platinum extraction businesses. The amendments, contained in the Finance Act, which was published in a March 14 Government Gazette Extraordinary, also extend ownership of businesses in the 12 reserved sectors to "citizens of Zimbabwe" as opposed to "indigenous citizens."

Dec 2017

Mnangagwa vows to pull investment into Zimbabwe

www.thenewage.co.za December 21, 2017

Mnangagwa has already scrapped Mugabe’s indigenisation law which forced foreign firms to cede 51 percent stakes to locals. He said the law will only apply to the platinum and diamond sectors.