Reply to thread

Message

[QUOTE="Munyaradzi Mafaro, post: 77932, member: 636"]
Zimbabwe just banned all foreign nationals from its artisanal mining sector. The new rules, under Statutory Instrument 215 of 2025, make small-scale mining exclusive to local citizens. Authorities can now investigate foreigners suspected of using local proxies.

Existing foreign-owned businesses in seventeen reserved sectors, including bakeries and salons, have a three-year deadline. They must sell seventy-five percent of their equity to Zimbabwean nationals by late 2028. They have to divest a quarter of their shares annually or face shutdown.

A narrow, expensive exception exists for major investors in a few areas. Foreign entry into retail now requires a minimum of twenty million dollars in investment and two hundred local employees. The haulage industry demands ten million dollars and one hundred jobs. Large-scale mining and banking remain fully open to foreign control. Online reactions questioned who could afford to buy the divested shares and noted potential diplomatic tensions with neighboring countries.
[/QUOTE]

Name