Roberts Mugabe outlaws Nigerian And Chinese Nationals from trading in Zimbabwe

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mugabeD2803_468x649Starting from January next year next Nigerian and Chinese nationals trading in Zimbabwe has been ordered to close shop.

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Zimbabwean authorities has said that they have given foreign shop-owners, mostly Chinese and Nigerian nationals, an ultimatum to shut down their businesses by Jan. 1, 2014.

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 reportedFriday.

Those laws, passed in 2007, demand foreign businesses to cede 51 percent control to local blacks.The foreign shop owners have been criticized 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.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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