Zimbabwe to permit foreigner to hold 40% of media houses

The Government has gazetted the Broadcasting Services Amendment Bill, which seeks to modernise Zimbabwe's broadcasting laws by permitting foreign ownership of broadcasting licences of up to 40 percent. The move is intended to encourage growth and investment in the capital-intensive broadcasting sector while maintaining local control.

The Bill, gazetted last Friday, aligns the Broadcasting Services Act with the Constitution and the Public Entities Corporate Governance Act, introducing key reforms aimed at fostering development in the media landscape.
Key Provisions of the Bill

Clause Six of the Bill revises the Broadcasting Services Act to allow foreign control of a broadcasting licence up to 40 percent, with the intent of attracting foreign investment while ensuring that Zimbabweans retain the majority stake.

"The amendment seeks to allow foreign control in a broadcasting licence up to 40 percent as a measure of encouraging the development of this sector considering that it is a high capital venture and ensure that Zimbabweans remain in control of broadcasting services," reads the Bill.

Other notable changes include, the removal of the requirement for the Minister's approval for issuing licences. A repeal of the provision mandating all directors of licencees to be Zimbabwean citizens, instead capping foreign directors at 40 percent. Expanding eligibility for licences to include entities other than natural persons, such as community radio operators.

Clause Three redefines the role of the Broadcasting Authority of Zimbabwe (BAZ) to focus on regulating and managing broadcasting service bands for sustainability rather than control. The amendment also standardises the application process for licences tied to the broadcasting frequency spectrum to once annually.
Aligning Broadcasting Laws with Modern Needs

The reforms are expected to boost Zimbabwe's broadcasting industry by creating a more investment-friendly environment while ensuring that local interests are protected.

The move comes as the Government continues to update legislative frameworks to foster economic development and align public policies with constitutional principles.
President Mnangagwa Signs Estates Amendment Act

Meanwhile, President Mnangagwa has signed the Administration of Estates Amendment Act into law. This legislation, which recently passed through Parliament, seeks to regulate the powers of the Master of the High Court.

Under the new law, the Master must obtain a judge's approval before disposing of or selling property from a deceased estate and cannot unilaterally appoint or remove executors.

The law aims to safeguard the integrity and fairness of estate management, ensuring that the interests of beneficiaries are protected.

These legislative developments highlight the Government's commitment to modernising key sectors while reinforcing governance and accountability.