Zimbabwe to tighten foreign companies
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Zimbabwe to tighten foreign companies

Harare : Zimbabwe | Aug 19, 2011 at 3:19 AM PDT
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House Session 2011-05-12 (17:20:46-18:21:47)

Zimbabwe's government requires foreign companies to sell the majority of its shares to local partners, if they want to avoid seizing. Threatening letter sent to the Board requires companies to submit within two weeks of acceptable plans for the sale of shares, or they will lose their licenses.

Zimbabwe's new sopeutumislaki requires a ground-based and foreign companies to sell 51 percent of its shares in black patients in Zimbabwe. President Robert Mugabe is supported by the spring of last year, which came into force the law vigorously, because he believes it addresses the colonial period due to economic imbalances. Prime Minister Morgan Tsvangirai, in turn, afraid of the law to stop foreign investment in the country.

Threatening Letters have been sent at least six mining company, Barclays Bank, and the food giant Nestlé. Zimbabwean Herald newspaper that the companies have not yet responded to the demands.

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Mugabe has led Zimbabwe since 1980
Mugabe has led Zimbabwe since 1980
zunairaumar is based in Karāchi, Sind, Pakistan, and is a Stringer on Allvoices.
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