Mugabe’s full statement on shift in indigenisation policy


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President Robert Mugabe on Tuesday announced a new policy on indigenisation which most people thought was a major shift from the hardline stance that the government had so far insisted on.

The country’s indigenisation law requires that at least 51 percent of all foreign companies with a value of $500 000 and above to be in local hands.

The government has been forcing foreign companies to comply with this law and to come up with a timeline to fulfill this requirement.

Here is Mugabe’s statement in full.

President's Statement on Indigenisation 11 April 2016

(205 VIEWS)

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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