Zimbabwe has tightened its indigenisation policy, introducing new rules that will require foreign-owned businesses in certain sectors to transfer majority ownership to local citizens within three years or shut down operations.

According to thezimbabwean.co, under the regulations, which take effect from December 2025, affected businesses must cede at least 75 per cent control to Zimbabweans by 2028 or leave the country.

The policy primarily targets small and everyday enterprises such as salons, bakeries, transport services, retail shops and artisanal mining, which the government has now reserved exclusively for locals.

Larger foreign investors are exempt if they commit substantial capital and employ more than 100 Zimbabweans.

While sectors including banking and large-scale mining remain open to foreign participation, authorities say the move is aimed at empowering ordinary citizens.

Critics, however, warn the policy could deter investment and increase uncertainty in the business environment. (Club of Zimbabwe)