Zimbabwe's Ncube Says Local Mine Ownership Rule to Be Removed

The video discusses Zimbabwe's fiscal improvements, highlighting a fiscal surplus and currency stabilization. It covers governance reforms, anti-corruption efforts, and restructuring of state enterprises. The video also addresses currency trading, market reforms, and the introduction of monetary policies. Additionally, it outlines changes in investment policies, allowing 100% foreign ownership, and emphasizes Zimbabwe's openness to business, including partnerships with Chinese investors.

What fiscal achievement has Zimbabwe recently recorded?

• A fiscal surplus

• Decreased tax revenue

• Increased foreign debt

• A fiscal deficit

How has Zimbabwe's currency policy changed recently?

• It is now floating

• It is backed by gold reserves

• It remains fixed to the US dollar

• It is pegged to the Euro

What is the government's stance on participating in the currency market?

• The government will stay out to avoid market distortion

• The government will actively participate

• The government will set fixed exchange rates

• The government will control all trading

What is Zimbabwe's new policy regarding foreign ownership in the mining sector?

• No foreign ownership allowed

• 75% local ownership required

• 100% foreign ownership allowed

• 51% local ownership required

Which sector is highlighted as a focus for Chinese investment in Zimbabwe?

• Agriculture

• Tourism

• Infrastructure

• Healthcare