Zimbabwe Blocks Foreigners From Taxi, Bakery and Salon Businesses, Reserves Sectors for Locals

Zimbabwe blocks foreigners from taxi, bakery and salon businesses, reserves sectors for locals

Zimbabwe: Govt Reserves Taxi, Bakery, Salon Businesses For Locals, Limits Foreign Ownership

By Emmanuel Nduka Obisue  Zimbabwe has moved to reserve 14 economic sectors exclusively for its citizens, ordering foreign-owned businesses operating in the affected industries to cede majority ownership to locals within three years. The measures are contained in Statutory Instrument 215 of 2025, titled Indigenisation and Economic Empowerment (Foreign Participation in Reserved Sectors) Regulations, 2025. Under the new rules, foreign investors mu…

Zimbabwe Bars Foreigners From Key Business Sectors

Zimbabwe has announced new regulations barring foreigners from certain business sectors. The policy reserves specific economic areas exclusively for local citizens. The move aims to empower indigenous businesses and boost local economic participation. The announcement has significant implications for foreign investment and local enterprise. In a bold move aimed at bolstering indigenous economic empowerment, Zimbabwe’s government has implemented …