Indigenisation in a sentence

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.

MoD will introduce import embargo on 101 items beyond given timeline to boost indigenisation of defence production," Singh had tweeted.

Since then, several people have stepped up to give a boost to indigenisation.

Add to that the fact that, while the requirement of being equipped with state-of-art equipment is an immediate one, the indigenisation capability takes decades to build.

A death certificate, therefore, was issued to the indigenisation framework.

Speaking on the occasion, Singh said that the new centre will contribute to the ‘Make in India’ initiative through indigenisation efforts aimed at self-reliance.

The court heard indigenous groups responded to the government quest for indigenisation of the economy in 1997 and these acted as promoters for the birth of the Empowerment Corporation (Private) Limited.

As part of a raft of measures to attract investment, Mnangagwa has made drastic amendments to the indigenisation policy that initially forced foreigners to cede 51% of shareholding to locals.

Insurance giant Old Mutual Zimbabwe has liberalised its B Class shares that were previously open to trading among locals as part of the company's indigenisation plan.

Khaya Moyo said the party's Secretary for Indigenisation and Economic Affairs, Mike Bimha, who is also the Minister of Industry and Commerce, briefed the Politburo on the rampant price increases in the market.

Nkomo also said the country needed to clarify on its contentious Indigenisation and Economic Empowerment Act.

None of the parties make any reference to indigenisation, instead, the recommended reforms such as in mining are to do away with the constraints of local ownership.

Over the medium-term, measures like a change in our energy mix, greater indigenisation of electronics and defence manufacturing, and higher agricultural exports can help the economy get over the worryingly frequent bouts of currency volatility.

That indigenisation will take a lot of time.

The Government of Zimbabwe will amend the Indigenisation and Empowerment Act in order to ensure certainty for investors.

The Indigenisation and Economic Empowerment Act introduced during the rule of former President Robert Mugabe was designed to increase black Zimbabweans’ stake in the sector but were open to abuse.

Policies encouraging the indigenisation of the economy were fast tracked and laws requiring that 51% or more of non-black Zimbabwean owned companies had to be handed over to black Zimbabweans were implemented.