Government moves to shut non-compliant foreign businesses

The government is moving to suspend or revoke the operating licences of foreign-owned businesses that have failed to comply with legislation reserving 17 economic sectors for Zimbabwean citizens, following inspections of more than 3,000 companies across the country’s 10 provinces.

Information minister Zhemu Soda told journalists that Cabinet had received an update on the implementation of reserved sector legislation under the economic empowerment framework.

The government gazetted Statutory Instrument number 215 of 2025 in December 2025, reserving 17 sectors of the economy for Zimbabwean citizens.

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