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Zhuwao ‘Vomits’ Again:Foreign Companies Shutting Down in 2 Days

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Zimbabwe’s Indigenization Minister Patrick Zhuwao has reiterated that Harare will from April 1st cancel licenses of foreign-owned firms that have not complied with the black empowerment law that compels them to sell a 51% stake of their shares to locals. President Robert Mugabe signed the Indigenization and Economic Empowerment Bill into law in 2008 after

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