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Zambia imposes business restrictions on foreigners

Xinhua, October 22, 2015 Adjust font size:

The Zambian government on Wednesday announced business restrictions on foreigners so as to keep certain businesses to local people.

Chishimba Kambwili, Minister of Information and Broadcasting and Chief Government Spokesperson, said the decision was made during a Cabinet meeting on Monday which banned foreigners from engaging in the business of poultry, making blocks, quarrying and domestic haulage.

"Cabinet approved the introduction of reservation schemes for poultry, quarrying, block making and domestic haulage which will ensure that selling of live birds on retail and wholesale markets, poultry production and processing, block making and quarrying investments are reversed for Zambians," he told reporters during a press briefing.

According to him, foreigners will only be allowed to engage in the restricted businesses if they entered into joint ventures with local investors.

There have been complaints from local people engaged in chicken business that foreigners have taken over the business and were selling their chickens at cheaper prices.

There have also been calls from stakeholders that certain businesses should be restricted to local investors in order to promote local entrepreneurship. Endit