Zimbabwe changes empowerment law limiting majority ownership to diamond and platinum
By Respect Gwenzi, Mar 20, 2018
Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice.The Indigenisation and Econmic Empowerment Act was designed to increase black Zimbabweans' share of the economy but were opaque and open to abuse, to the detriment of foreign investor confidence, a situation that new President Emmerson promised to change.

Top Stories
Zimbabwe’s Anti-Corruption Drive Under President Mnangagwa: Progress, Setbacks, Persistent Challenges
President Emmerson Mnangagwa took office in November 2017 after the late President Robert Mugabe’s resignation, pledging decisive action against corruption. In his 2018 State of the Nation Address, h
1 day agoWeekly Currency Market Analysis: Monetary Discipline Anchors ZiG Stability Post-2024 Devaluation
he Zimbabwe Gold (ZiG), backed by reserves estimated at USD 900 million by the Reserve Bank of Zimbabwe (RBZ), has maintained a stable exchange rate, marking over a year of resilience since the Septem
Oct 20, 2025President Mnangagwa Introduces $150 'Presidential Bonus Scheme' for Civil Servants, Further Benefits Planned
he Government of Zimbabwe has introduced a series of measures aimed at improving the welfare of its civil servants, a group that has long grappled with economic hardship. Among these is a presidential
Oct 17, 2025