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Zimbabwe to clamp down on foreign investors insuring outside country

May 9, 2014 - 6:00am


The Zimbabwean government will crack down on overseas investors who insure their projects outside Zimbabwe, Finance Minister Patrick Chinamasa has said.

Mr. Chinamasa said the government aims to introduce measures that will ensure that a certain part of all business set up by foreigners is insured locally, The Zimbabwe Independent reported. Meanwhile, the Insurance and Pensions Commission's acting commissioner said the government should make insurance part of all future deals with overseas investors.

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