Foreign business owners in reserved sectors face a three-month deadline to comply or shut down. Zimbabwe's government is enforcing new regulations, giving foreign-owned businesses in sectors like retail, transport, and hairdressing until the end of March to regularize their operations. Industry Minister Nqobizitha Mangaliso Ndlovu stated that this follows the gazetting of Statutory Instrument 215 of 2025, which sets clear thresholds for exemptions. Businesses must submit documents, including their company memorandum, proof of a local bank account, and a valid investment certificate from the Zimbabwe Investment and Development Agency.
Minister Ndlovu emphasized that the policy is not new but lacked a clear framework until now. It aims...