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Ownership thresholds for Zim’s foreign investors raised to 49%

Image Credit: TSTP.TV

In a bid to spur foreign investment activity in its publicly-listed companies, Zimbabwe’s Central Bank announced that it is raising the upper limit of ownership from 40% to 49% for non-domestic investors. The country continues to struggle to attract investment, beset by political uncertainty, a sluggish economy estimated by the World Bank to grow by 1.5% in 2016 and a deflationary consumer pricing environment.

Read more at The Africa Report…

 

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