Zimbabwe Says Compliance With Indeginization Law Still Low

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Published Mar 8, 2016

Zimbabwe's government says compliance with its indeginization law is at very slow pace. The legislation requires all foreign owned firms with assets of more than 500,000 dollars to cede or sell a 51-percent stake to locals. The ruling Zanu-PF party says the law is meant to empower the country's black majority. But opposition groups, some economists and civic groups fear that it would deter foreign investors from doing business in Zimbabwe.