ZIMBABWE

(ii) SECTORS

Foreign Investment in Various Sectors

Foreign shareholding in various sectors is provided for as follows:

Up To 100% Foreign Ownership

This is allowed in the following priority sectors:

• Manufacturing
• Mining, quarrying and mineral exploration
• Development of hotels for tourism

This is permitted in specialized services such as management consultancy and construction, etc.

A Maximum of 35% Foreign Ownership

This is allowed in selected sectors where foreign investors wishing to participate can only do so in joint venture partnerships with Zimbabwean firms or individuals.
 

Sectors Reserved for Domestic Investors

In order to provide opportunity for domestic investors, the Government has, in terms of Statutory Instrument 108 of 1994, put in place a reserved list as a means to encourage joint ventures between foreign and local partners. The joint venture should assist the local partner to access foreign capital, expertise and technology.

The reserve list is as follows:

• Agriculture Forestry; Primary production of food and cash crops Primary horticulture Game, wildlife ranching and livestock development Forestry Fishing and fish farming Poultry farming (excluding processing)
• Transport services excluding air; Road haulage Passenger bus, taxi and car hire service Tourist transportation
• Retail or wholesale trade;
• Barber shops, hairdressing and beauty salons;
• Commercial photography;
• Employment agencies;
• Estate agencies;
• Armaments manufacture, marketing and distribution;
• Public water provision for domestic and industrial purposes;
• Rail operations except on a Build, Operate&Transfer basis;
• Bakeries and grain milling;
• Sugar products;
• Tobacco packaging and grading, tobacco products.