Harare, (New Ziana) The government has made remarkable progress in strengthening economic empowerment for its citizens through tightening regulations governing reserved sectors of the economy.
Minister of Information, Publicity and Broadcasting Services Dr Jenfan Muswere told the media that Cabinet had on Tuesday considered and adopted the Report on the Implementation of the Reserved Sector Framework.
The move, which aligns with President Mnangagwa’s mantra that “Zimbabwe is Open for Business,” seeks to balance the twin objectives of protecting national interests while ensuring the country remains attractive to investment.
Dr Muswere said Cabinet had noted with satisfaction the increase in investments since the adoption of the framework in June this year and resolved to streamline operations for greater efficiency and clarity.
Under the new directives, certain sectors of the economy will now be exclusively reserved for local citizens.
These include artisanal mining, bakeries, barbershops and beauty salons, advertising agencies, employment agencies, borehole drilling, clearing and customs services, valet services, and the marketing and distribution of local arts and crafts.
“Other activities such as tobacco grading and packaging, pharmaceutical retailing, estate agencies, transport services — including buses, taxis, and car hire — as well as haulage and logistics, grain milling, brick moulding, quarrying, and granite mining, will also be restricted to Zimbabwean ownership,” he said.
Dr Muswere explained that reserved sector thresholds will be defined for other industries not prescribed as strictly local, ensuring clear guidelines for both domestic entrepreneurs and potential investors.
In addition, Cabinet approved the creation of a transitional framework for businesses already operating in the designated sectors to enable smooth adjustments without disrupting livelihoods or service delivery.
“The measures are designed to empower local citizens while simultaneously safeguarding the country’s investment climate. Government is determined to strike a balance between fostering indigenous participation in key economic sectors and maintaining Zimbabwe’s position as an attractive destination for business,” Dr Muswere said.
The Reserved Sector Implementation Framework is part of broader reforms aimed at achieving the national vision to transform Zimbabwe into an upper-middle-income economy by 2030.
As the changes take effect, local entrepreneurs stand to benefit from increased market space and support, while government remains committed to ensuring that the private sector continues to play a central role in driving economic development.
New Ziana
