From Allafrica · · 1m
Zimbabwe Government Targets Foreign Businesses in Reserved Sectors
Zimbabwe government to shut foreign businesses non-compliant with reserved sector regulations.
In brief
Zimbabwe government to shut foreign businesses non-compliant with reserved sector regulations. Zimbabwe will revoke operating licenses of foreign-owned businesses failing to comply with regulations reserving 17 economic sectors for Zimbabweans. Originally reported by Allafrica.
Zimbabwe Government Action
Zimbabwe government says it will revoke operating licenses of foreign-owned businesses that failed to comply with regulations reserving 17 economic sectors for Zimbabweans.
Foreign Businesses in Reserved Sectors
Foreign-owned businesses continue operating in sectors like retail and wholesale trade, particularly in Harare CBD.
Information Minister Statement
Information Minister Soda Zhemu said most foreign-owned businesses have not regularised operations despite government campaigns and non-compliance notices.
Regulatory Framework
Government gazetted Statutory Instrument 215 of 2025 reserving 13 sectors exclusively for locals including borehole drilling, clearing and customs, tobacco grading, estate agencies and artisanal mining.
Compliance Statistics
Compliance inspections covered over 3,000 companies across 10 provinces with only a very small percentage meeting required investment thresholds.
The bottom line
Zimbabwe will revoke operating licenses of foreign-owned businesses failing to comply with regulations reserving 17 economic sectors for Zimbabweans.
