Zimbabwe pledges to curb spending, re-engage global lenders

Zimbabwe pledges to curb spending, re-engage global lenders
FILE PHOTO - Zimbabwe's then Justice Minister Patrick Chinamasa attends a news conference in Pretoria, outside Johannesburg
HARARE (Reuters) - Zimbabwe's new government pledged on Thursday to re-engage with international lenders, curb spending and attract investors in order to revive its battered economy.

In the first budget since last month's removal of long-time ruler Robert Mugabe, Finance Minister Patrick Chinamasa said the government would amend indigenisation laws, limiting a 51 percent local ownership requirement to just the platinum and diamond sectors.

(Reporting by Emelia Sithole-Matarise; Editing by Ed Cropley)

2017-12-07 16:15:24

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