Mugabe won’t budge on mining compliance

Posted: 10th April 2015/Under: News/By: SPII

By Memory Mataranyika–

Harare – Implementation of Zimbabwe’s indigenisation policy is open to negotiation for regional partnerships, joint ventures with friendly countries and investments in other economic sectors excluding mining, where the government will not accept any variation on the 51/49 percentage threshold, said President Robert Mugabe.

The indigenisation policy and other operating constraints have unnerved international investors who have largely kept their hands in their pockets, at least as far as sinking money into Zimbabwean projects is concerned. The International Monetary Fund has also advised Zimbabwe’s government to clarify the policy.

Read full article here