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 Friday.
Those laws, passed in 2007, demand foreign businesses to cede 51 percent control to local blacks.
The foreign shop owners have been criticised 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.


http://thenationonlineng.net/new/zimbabwe-orders-nigerians-foreigners-close-shops-jan-1/

This is a huge deterrent to potential foreign investors ... smh

Seriously smh

Wow! 1st page tins...okay na make dem cum bak home n invest...empty lands full my village

ok now, am just looking forward to be first to comment, bt i knw dat God is helping me. i love nairaland and the members,they have invested so much in my life, my prayer is dat God will bless them and grant them success in life. i want to 2 thank my parents and my very person for all my efforts. wht on earth is nt physics??. if u wish to be first to comment pls like dis post

Un4unate, dnt knw y nigerians are alwz treated dis way. Its well, may God help us.

black brains....fourth 2 cap....#happy#

Very strane Policy 4rm a strange black country

hmmmmmmm na for evry whr dm dey pushu us

these people love a bad economy.

,

mrphysics: ok now, am just looking forward to be first to comment, bt i knw dat God is helping me. i love nairaland and the members,they have invested so much in my life, my prayer is dat God will bless them and grant them success in life. i want to 2 thank my parents and my very person for all my efforts. wht on earth is nt physics??. if u wish to be first to comment pls like dis post

At your age...how old are you?

I think that country love her citizen.

I hope our Government is monitoring the situation?

Are there no Zimbabwean businesses in Nigeria though?

Similar practices are also found in Arab countries like U.A.E & Qatar. They are called sponsors & own 51% equity in every foreign business & must sign virtually all your documents for them to be valid. It's their way of empowering the locals at foreigners expense because they are paid annual sponsorship fee.
My only concern is what's the attraction to Zimbabwe compared to those other countries.

Nigerians in diaspora again?

saint me: Un4unate, dnt knw y nigerians are alwz treated dis way. Its well, may God help us.

You wanna know?....simple. Its jealousy and envy...dont forget, Nigerians make the world happen.

Even Zimbabwe

Na wa

So Nigerians are even in zimbabwire? What business are they doing there?

Wat!!...ordinary zimbabwe
a country where inflation is at d worst level u could eva imagine...
a nation dat once had a one hundred trillion dollar note
a country where a man has been president for over 43 years....
Anyways its not dere fault,its d faults of our inefficient government in Nigeria

Hehehehe.. julius malemas sermon is been enacted by Mr. Bob himself.Anyway naija isn't too far...just 6 hours flight away.

naija don suffer!!!!!

Niaja protect Ur own citizens o, hope u can see policy aimed at protecting Zimbabweans.

Yours GEJ,:
these people love a bad economy.

you can say that again

globatop: Niaja protect Ur own citizens o, hope u can see policy aimed at protecting Zimbabweans.

what's is this fish saying Do you know the economic implications of what they're doing

I hope our countrymen are learning...no matter how comfy a "foreign land is"....keep 70% of your (sweats) investment back home...just in cases egbe gas!!!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

Happy birthday to my brother from another mother https://www.nairaland.com/buoyantic

Nadia_SA1: Even Zimbabwe

Na wa

;( jst eyeing you o o o! please can we chat, huhm?

Nadia_SA1: Even Zimbabwe

Na wa

jst eyeing you o o o! please can we chat, huhm?

These southern and eastern africans are a pathetic breed. They are so lazy and consider themselves victims of life and want to make a living on the sweat of another man. This has been happening in south africa fro a long time where farms owned by whites for generations. Farms which has been profitable and standard for hundreds of years are taken from their white owners and given to a black man. Then the farms closes down within months or a year. If zimbabwe thought their economy was a mess, this will makes it worthless. The country will soon start living on hardouts.