All NewsBusiness

‘Indigenisation dampens economic prospects’

All NewsBusiness

‘Indigenisation dampens economic prospects’

HARARE – Zimbabwe’s indigenisation policy dampens the country’s prospects of attracting the desperately needed foreign direct investment (FDI) and is irreconcilable with employment growth forecasts, says economist John Robertson. This comes as President Robert Mugabe’s administration has maintained its stance on the policy — compelling foreigners to cede majority stakes to black locals — with…

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