Business

New rules raise bar for foreign firms

NewsDay Staff ·

New rules raise bar for foreign firms

THE government has ordered foreign companies operating in reserved sectors of the economy to submit regularisation plans by January 31 as it moves to protect local players.

The Ministry of Industry and Commerce said the regulations under Statutory Instrument (SI) 215 of 2025 are intended to protect local enterprises, promote domestic capital formation and ensure profits generated in Zimbabwe remain within the country.

SI 215 of 2025 reserves key economic sectors for indigenous Zimbabweans and sets strict conditions under which foreign investors may continue operating.

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