Nigerians trading in Zimbabwe will be denied opportunity to continue trading from January 2014.
An ultimatum to shut
down businesses by January. 1, 2014 have been given to foreign
shop-owners especially Chinese and Nigerians.
According to integrity reporter
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 reportedFriday.
Those laws, passed in 2007, demand foreign businesses to cede 51
percent control to local blacks.The foreign shop owners have been
criticized for taking retail trade opportunities from
Zimbabwean traders by selling cheap imports.
Poor townships and city flea markets have in recent years been inundated by shops run by foreigners.According
to state media, shop owners who fail to comply will be arrested.

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