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Indigenisation and Economic Empowerment Act (Act 14/2007)

Country/Territory
Zimbabwe
Document type
Legislation
Date
2007
Source
FAO, FAOLEX
Original source
Chapter 14:33.
Long title
An Act to provide for support measures for the further indigenisation of the economy; to provide for support measures for the economic empowerment of indigenous Zimbabweans; to provide for the establishment of the National Indigenisation and Economic Empowerment Board and its functions and management; to provide for the establishment of the National Indigenisation and Economic Empowerment Fund; to provide for the National Indigenisation and Empowerment Charter; and to provide for matters connected with or incidental to the foregoing.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Special fund Capacity building Governance Business/industry/corporations Gender
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations
Abstract

This Act requires the Government to endeavour to secure, the Government shall, through this Act or regulations or other measures under this Act or any other law, endeavour to secure that— (a) at least fifty-one per centum of the shares of every public company and any other business shall be owned by indigenous Zimbabweans; (b) no— (i) merger or restructuring of the shareholding of two or more related or associated businesses; or (ii) acquisition by a person of a controlling interest in a business; that requires to be notified to the Competition Commission in terms of Part IVA of the Competition Act [Chapter 14:28] shall be approved unless certain conditions are fulfilled; (c) other measure, also relating to investment and procurement to secure Zimbabwean participation. The Act establishes the National Indigenisation and Economic Empowerment Board and the National Indigenisation and Economic Empowerment Fund. the Fourth Schedule sets out the National Indigenisation and Economic Empowerment Charter, which also concerns gender sensitive ownership and participation and the environment.

Full text
English

References - Legislation

Implemented by

Indigenisation and Economic Empowerment (General) Regulations, 2010.

Legislation | Zimbabwe | 2010 (2011)

Keyword: Agricultural development, Business/industry/corporations, Community management, Policy/planning, Waterworks, Biodiversity

Source: FAO, FAOLEX

Frameworks, Procedures and Guidelines for Implementing the Indigenisation and Economic Empowerment Act (G.N. 394A of 2015).

Legislation | Zimbabwe | 2015

Keyword: Agricultural development, Institution, Special fund, Capacity building, Governance, Business/industry/corporations, Indigenous peoples, Gender

Source: FAO, FAOLEX