Zimbabwean authorities say they have given foreign shop-owners mostly Nigerians and Chinese an ultimatum to shut down their businesses by Jan. 1.
A top official of the black empowerment ministry said only Zimbabweans had the right to run shops that have sprung up across the country and are termed foreign businesses targeted under the nation’s black empowerment laws, the state-controlled Herald newspaper reported.
Poor townships and city flea markets have in recent years been inundated by shops run by foreigners.
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Loving hubby: Similar practices are also found in Arab countries like U.A.E & Qatar. They are called sponsors and own 51 per cent equity in every foreign business and must sign virtually all your documents for them to be valid. It is their way of empowering the locals at foreigner’s expense because they are paid annual sponsorship fee.
My only concern is what exactly is the attraction to Zimbabwe compared to those other countries?
Olaide 1295: What!!…ordinary Zimbabwe! A country where inflation is at the worst level, one can ever imagine. A nation that once had a hundred trillion dollar note, where one man has been president for over 43 years. Anyway, it is not their fault, but that of our inefficient government.
—nairaland.com
Donodion: I hope our countrymen are learning that no matter how comfortable a foreign land is, remember to keep 70 per cent of your investment back home. How I wish he extends same treatment to all the heavy mansions and properties Nigerian government officials have acquired in his country through money laundering.
PMCO1: I hope our Government is monitoring the situation?
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