Zimbabwe is threatening penalties against foreign firms that have not complied with a law to give black Zimbabweans a majority stake in their local operations. The government required the foreign companies to submit so-called “indigenization plans” by this week. Wilson Gwatiringa, who heads the government’s Indigenization and Economic Empowerment Board, said Tuesday that more than […]
Zimbabwe to Enforce ‘Indigenization’
Posted September 27th, 2011 at 1:09 pm (UTC-5)
Zimbabwe is threatening penalties against foreign firms that have not complied with a law to give black Zimbabweans a majority stake in their local operations. The government required the foreign companies to submit “indigenization plans” by this week. Wilson Gwatiringa, who heads the government’s Indigenization and Economic Empowerment Board, said Tuesday that more than 700 […]
