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Foreign Nationals Take Over Zimbabwe’s Retail Sector

Prominent retail chains are struggling to compete with the proliferation of the small makeshift shops.

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Foreign Nationals Take Over Zimbabwe’s Retail Sector

Zimbabwe’s retail sector is facing a major transformation as foreign nationals from countries such as China, the Democratic Republic of Congo, Rwanda, and Tanzania are reportedly dominating the market.

TM Supermarkets's Losses Frustrate Pick n Pay

This has raised concerns about the survival of local retailers and the legality of foreign-owned businesses operating in the country.

Prominent retail chains, including OK Zimbabwe, Spar, and TM Pick n Pay, are struggling to compete with the proliferation of small, makeshift shops owned and operated by foreign nationals in Harare’s central business district and surrounding suburbs.

Critics accuse these foreign-owned shops of selling counterfeit products, operating without proper licenses, and using loopholes to circumvent regulations.

Retailers Limit Essential Goods Sales Amid ZiG Crisis

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Foreign Nationals Take Over Zimbabwe’s Retail Sector

Zimbabwe’s Constitution Amendment No. 20 of 2013 explicitly reserves the ownership and operation of retail outlets for Zimbabwean citizens, yet reports suggest widespread noncompliance.

Deputy Minister of Industry and Commerce Raji Modi expressed dismay over the situation, noting that many foreign nationals are bypassing legal restrictions by using Zimbabwean proxies to obtain licenses.

Modi revealed that the Ministry has engaged the Zimbabwe Revenue Authority (ZIMRA) and other relevant authorities to address the issue, which has far-reaching consequences for the economy.

CZR Urges Government to Rescue Struggling Retail Sector

A senior government official speaking anonymously claimed that many refugees, reportedly fleeing Tongogara Refugee Camp in Manicaland Province, are engaging in informal economic activities, including alleged money laundering, in Harare.

Bryan

Person for people. Reader of writings. Writer of readings.

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