In a major step toward strengthening economic indigenisation, the Zimbabwean government has officially restricted the haulage and logistics sector to Zimbabwean citizens.
The move forms part of a broader strategy to enhance local ownership and participation across key sectors of the economy.
On April 15, 2024, the Ministry of Industry and Commerce, together with the Ministry of Transport and Infrastructural Development, issued a joint statement detailing the new measures.
They urged all foreign investors operating in the sector to comply with the new regulations outlined under the Finance Act of 2024.
The updated legislation, captured in General Notice 1345A of 2024, amends the Indigenisation and Economic Empowerment Act [Chapter 14:33].
It designates the haulage and logistics sector as reserved exclusively for Zimbabwean citizens, covering activities such as the transportation of goods, fuel, mineral ores, cargo, and various consumables across the country’s road network.
The government highlighted the critical role of the haulage and logistics industry in driving economic growth and supporting national empowerment goals.
As part of the new framework, foreign companies currently operating in the sector must submit applications to the Ministry of Industry and Commerce, outlining how their operations will align with Zimbabwe’s revised empowerment objectives.
Future participation by foreign entities will depend on their demonstrated contributions to local employment, skills transfer, and the development of sustainable value chains.
In addition, investors must align with broader national socio-economic objectives and comply with regulations issued by key institutions, including the Reserve Bank of Zimbabwe (RBZ), the Zimbabwe Revenue Authority (ZIMRA), and the National Social Security Authority (NSSA).
In their statement, Dr. T. Utete Wushe, Secretary for Industry and Commerce, and Eng. J.P. Makumbe, Secretary for Transport and Infrastructural Development, reaffirmed the government’s commitment to promoting local economic participation.
They stressed that aligning foreign investments with Zimbabwe’s development agenda is crucial for building a resilient, sustainable haulage and logistics sector.
The government’s strategic decision aims not only to promote Zimbabwean ownership but also to create new economic opportunities for local businesses and individuals.
