Foreigners barred from doing business in Zimbabwe

Foreigners barred from doing business in Zimbabwe
Published: 01 March 2017 (342 Views)
Foreigners interested in investing in sectors reserved for indigenous entrepreneurs will be denied business licences as Government has issued another  directive to all local authorities to enforce the policy.

The reserved sectors include primary production of food and cash crops, transportation business involving passenger buses, taxis and car hire services, hair dressing and beauty salons.

They also include employment agencies, estate agencies, grain milling, tobacco processing, advertising agencies and milk processing.

According to the parliamentary Hansard, Industry and Commerce minister Mike Bimha told Senate last week that government continues to note with concern the continued issuance of licences to foreigners by local authorities to operate businesses in sectors reserved for locals.

"We agree that we have some foreigners, who come into the country and, instead of going to Zimbabwe Investment Authority (ZIA), they go to local authorities and ask for permission to do some business.

" The local authorities, because they want money, will allocate these people some businesses, which they have to embark on because they want to benefit through taxes," the minister is quoted saying.

"We are calling for the local authorities to enforce this idea of separation of business industries from those reserved for Zimbabweans and for foreigners.

"When we are talking of reserved areas for indigenous people and foreigners, it really exists, is self-explanatory and very clear. We may have a problem in policing the implementation of it because we have set out some areas, which we have said, these industries can only be operated by people of Zimbabwe such as small industries like the salons and food outlets".




- online

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

How Grace Mugabe destroyed Zanu-PF

by Reginald Thabani Gola | 28 March 2017 | 95 Views

Couple flees Zimbabwe as Mugabe merchants of death roar

by MDC-T | 28 March 2017 | 138 Views

Widows exchanged blows at court

by Staff reporter | 28 March 2017 | 76 Views

Mujuru seeking political mileage

by Peacemaker Zano | 28 March 2017 | 106 Views

Zimbabwe has no capacity to train psychiatric doctors

by Staff reporter | 28 March 2017 | 81 Views

Goodness Is True Greatness

by Nkomo Bhekinkosi | 28 March 2017 | 48 Views

Cholera outbreak a worrying development

by PDP | 28 March 2017 | 51 Views

'Human waste in Coca Cola cans'

by BBc | 28 March 2017 | 137 Views

Burundi and the Comoros: A time for SADC to show its mettle

by Chigumbu Warikandwa | 28 March 2017 | 67 Views

Grace Mugabe drowns Moyo, Mahoka

by Staff reporter | 28 March 2017 | 133 Views

Jail term for devaluing bond notes

by Staff reporter | 28 March 2017 | 112 Views

Tsvangirai's MDC targets women

by Staff reporter | 28 March 2017 | 91 Views

Parirenyatwa demands backs its fuel from Zanu-PF

by Staff reporter | 28 March 2017 | 87 Views

Prince 'Gaddafi' Dube is the real deal, says Mapeza

by Staff reporter | 28 March 2017 | 78 Views

ANC leaders approve Gordhan's removal - ANN7

by Reuters | 28 March 2017 | 103 Views

Zimbabwean men guilty of SA gruesome murder

by News24 | 28 March 2017 | 97 Views

'Baby-face' thief manages to stay 17 for 3 years

by Simbarashe Sithole | 28 March 2017 | 140 Views

Prince Dube is the King of local football

by Staff Reporter | 28 March 2017 | 76 Views

Make ICT training compulsory for teachers

by Robert Ndlovu | 28 March 2017 | 66 Views

Our major problem not an economic crisis, but a crisis of education

by Tendai Ruben Mbofana | 28 March 2017 | 69 Views

Bishop Lazarus, Manheru, Sharp Shooter afraid of change

by Zanda Shumba | 28 March 2017 | 70 Views

Zuma plans to fire Gordhan, says senior ANC officials

by City Press | 28 March 2017 | 77 Views

Failure to establish a Grand coalition will be catastrophic for Zimbabwe

by Kingstone Jambawo | 28 March 2017 | 93 Views

'Don't allow Mugabe to hold you hostage'

by Staff reporter | 28 March 2017 | 115 Views

PSL in stadium fix as most grounds not ready

by Staff Reporter | 28 March 2017 | 112 Views

Catapults vendor arrested

by Staff reporter | 28 March 2017 | 141 Views

Ex-civil servants told to vacate Govt houses

by Staff reporter | 28 March 2017 | 135 Views

Shebeen brawl leaves one dead

by Staff reporter | 28 March 2017 | 125 Views

Zimra systems break down

by Staff reporter | 28 March 2017 | 106 Views

ZIFA not in a rush to appoint Warriors coaching staff

by Staff reporter | 28 March 2017 | 83 Views

Pregnant Bev snubs Andy Muridzo album launch

by Staff reporter | 28 March 2017 | 128 Views

Zimbabwe in $14.2 million trade surplus against SA

by Staff reporter | 28 March 2017 | 84 Views

Mukoko pushes Mutasa over the cliff

by Staff reporter | 28 March 2017 | 115 Views