Zimbabwe Reserves Key Sectors for Locals, Orders Foreign Firms to Cede Majority Ownership

Zimbabwe has reserved 14 key economic sectors exclusively for locals, ordering foreign-owned businesses in areas such as transport, salons and bakeries to cede 75% ownership to Zimbabweans within three years. The move is aimed at curbing foreign dominance and strengthening local empowerment, but has sparked debate over its potential impact on investment and jobs. Zimbabwean journalist Takudzwa Hillary Chiwanza says the policy reflects growing pressure on government to protect local livelihoods amid economic strain.See omnystudio.com/listener for privacy information.