Zimbabwe Draws Line: Foreign Firms Must Partner Locally or Pack Up by 2027

🇿🇼 Under Zimbabwe’s Statutory Instrument 215 of 202, foreign-owned businesses operating in sectors reserved exclusively for Zimbabweans have until 2027 to either exit or partner with local investors, Minister of Justice Ziyambi Ziyambi told parliament.

Key points from the minister:

🟠Aimed at boosting citizen economic participation, the new regulations restrict certain business activities to Zimbabwean citizens.

🟠The government will conduct a survey to assess implementation, with consultations ongoing between the Ministry of Industry and Commerce and business stakeholders.

🟠The policy is part of broader efforts to increase Zimbabwean ownership in key economic sectors while ensuring adequate compliance time.