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Zim indigenises 185 mining firms

HARARE – President Robert Mugabe’s government has indigenised 185 mining firms out of a total 405 applications, businessdaily has learnt. Zimbabwe’s empowerment policy — enacted in 2008 — compels foreigners to cede 51 percent shareholding to black locals. According to Zanu PF’s sixth national congress central committee report, government has received 1 480 indigenisation policy…

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