ZANU PF goes after foreign companies says they cannot operate in sectors reserved for locals

The ruling party ZANU PF has moved to bar foreign nationals from operating business in the economic sub-sectors reserved for Zimbabwean citizens.

Indigenisation and Economic Empowerment secretary for ZANU PF, Mike Bimha said the reserved sectors should benefit and be owned by Zimbabwean citizens only and those already owned by foreigners should partner and empower locals

“The reserved sectors are only for Zimbabwean citizens and not for foreigners. Local authorities must stop issuing licenses to foreigners,” said Bimha.

He further added that the issue of reserved sectors would only allow foreigners with business that would fund local production as outlined in its revised Indigenisation and Economic Empowerment Policy.

‘Foreign-owned businesses in reserved sectors are only allowed where firms would fund local production,” he added.

Local authorities were supposed to ensure that this aspect of the policy was enforced, Bimha asserted.

The reserved sectors include transport (passenger buses, taxis and car hire services), retailing, wholesaling, hair salons, advertising agencies, estate agencies, grain milling, bakeries, tobacco grading and packaging and artisanal mining.