While I am in favor of the idea of viewing locals as business partners, I take a different attitude with regard to Zimbabwe“Indigenization Plan”, a law that requires locals to own 51 percent of major foreign firms.
Why? Nothing new about this approach: Zambia tried and failed. Namibia has been trying it with its land reform process, and is failing miserably. Therefore while it may appear that Zimbabwe finally has found a solution, I urge the Zimbabwean government to learn from its neighbors, and avoid the temptation of making ordinary Zimbabweans into thinking that their economic hardships have come to an end.
