Zimbabwe Says Foreigners Can Buy 49 Pct Stakes In Local Companies

According to the Zimbabwe central bank governor, Zimbabwe will now allow foreign investors to buy stakes of up to 49 percent in companies listed on its stock exchange. Zimbabwe had previously only allowed foreigners to hold a 40 percent stake in local companies, but has been changing its regulations in an attempt to lift economic growth.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s