HomeBusiness

Govt orders local authorities to stop granting business licences to foreigners interested in sectors reserved for indigenous entrepreneurs

7 years agoWed, 01 Mar 2017 05:25:24 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Govt orders local authorities to stop granting business licences to foreigners interested in sectors reserved for indigenous entrepreneurs

Government has ordered local authorities to stop granting business licences to foreigners interested in sectors reserved for indigenous entrepreneurs.

Industry and Commerce minister Mike Bimha told Senate last week that government continues to note with concern the continued issuance of licences to foreigners by local authorities to operate businesses in sectors reserved for locals. Said Bimha:

We agree that we have some foreigners, who come into the country and, instead of going to Zimbabwe Investment Authority (ZIA), they go to local authorities and ask for permission to do some business. The local authorities, because they want money, will allocate these people some businesses, which they have to embark on because they want to benefit through taxes.  We are calling for the local authorities to enforce this idea of separation of business industries from those reserved for Zimbabweans and for foreigners. When we are talking of reserved areas for indigenous people and foreigners, it really exists, is self-explanatory and very clear.

The reserved sectors include primary production of food and cash crops, transportation business involving passenger buses, taxis and car hire services, hair dressing, beauty salons, employment agencies, estate agencies, grain milling, tobacco processing, advertising agencies and milk processing. .

Latest Tecno Pop 8 - now available in Pindula.

$94, Cash on Delivery in Harare & Bulawayo.

WhatsApp: 0783 450 793

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback