Nigerians, Others To Close Businesses In Zimbabwe By January 2014

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/

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