indigenisation
Noun
Meaning
indigenisation (countable and uncountable, plural indigenisations)
Alternative spelling of indigenization
Examples
In a drive to attract investors, the government last year scrapped the indigenisation policy; regarded as an impediment to investment, as it prescribed that 51% shareholding of any foreign investment should be ceded to locals.
He called for the indigenisation law to be amended to reflect the flexibility of the shareholding structures in various sectors.
Foreigners snap up Zim banks HARARE - More Zimbabwean banks are increasingly becoming foreign-owned despite government's aggressive indigenisation programme, the Bankers Association of Zimbabwe (Baz) has said.
Fully compliant with indigenisation requirements with approvals for a private placement already in place, 56,80 percent is owned by indigenous parties including management and local community.
He said reviewed indigenisation regulations have proposed amendments that include confining the 51/49 percent indigenisation threshold to diamonds and platinum only.
Just further entrenchment of the Zezuru hegemony project under the guise of indigenisation and empowerment of vana vevhu.