Zimbabwe just dropped regulations blocking foreigners from running businesses in thirteen different sectors, like barbershops, bakeries, taxi services, estate agencies, and artisanal mining operations. The government also slapped massive investment requirements on retail and wholesale ventures where foreign operators need to drop at least twenty million dollars and hire two hundred workers to get in the game, while haulage companies face a ten million dollar barrier with one hundred employees.
Existing foreign-owned shops in the banned categories got three years to sell off seventy-five percent of their stakes to Zimbabwean citizens at a rate of twenty-five percent annually. The policy lets international brands operate in some exceptions, but basically reserves smaller-scale enterprises for locals while only allowing huge foreign investments in specific industries.
Existing foreign-owned shops in the banned categories got three years to sell off seventy-five percent of their stakes to Zimbabwean citizens at a rate of twenty-five percent annually. The policy lets international brands operate in some exceptions, but basically reserves smaller-scale enterprises for locals while only allowing huge foreign investments in specific industries.
