Foreign shareholding in radio and television broadcasting companies is typically prohibited. Notwithstanding, the Minister may at his or her absolute discretion grant exemptions from those provisions and permit the Authority to issue any broadcasting licence to an individual or body corporate approved by the Minister in which the controlling interest or any portion thereof is held by persons who are not citizens of Zimbabwe. As per the OECD FDI RRI methodology, such measure is recorded as a 'foreign equity restriction' instead of 'foreign investment screening' due to its exceptional character, i.e. only under exceptional circumstances may the Minister approve foreign shareholding in broadcasting companies. 
"2. Interpretation
(1) In this Act—[...]
"broadcasting service" means any service which delivers television or radio programmes to persons having equipment appropriate for receiving that service, whether the delivery is effected by means of or uses the radiofrequency spectrum, cable, optical fibre, satellite or any other means or a combination of those means, and includes any of the services referred to in paragraphs (a) to (j) of subsection (2) of section seven;
[...]
7. Broadcasting and signal carrier licences
(1) Subject to this Act, and the Zimbabwe Broadcasting Corporation Act [Chapter 12:01], no person shall provide a broadcasting service or operate as a signal carrier in Zimbabwe except in accordance with a broadcasting licence or a signal carrier licence, as the case may be.
(2) A broadcasting licence shall authorise the licensee to provide any one of the following classes of broadcasting service— (a) a commercial broadcasting service; (b) a community broadcasting service; (c) a subscription satellite broadcasting service; (d) a subscription cable broadcasting service; (e) a subscription narrowcasting service; (f) an open narrowcasting service; (g) a datacasting service; (h) a roadcasting service; (i) a railcasting service; (j) a webcasting service.
(3) A signal carrier licence shall authorise a licensee to operate a signal transmitting station for the purpose of transmitting a radio or television broadcasting service.
[...]
8. Persons disqualified to be licensed
(1) Subject to subsection (3), a broadcasting licence shall be issued only to individuals who are citizens of Zimbabwe or to a body corporate in which a controlling interest is held, whether through any individual, company or association or otherwise, by one or more individuals who are citizens of Zimbabwe.
(2) For the purposes of subsection (1) "controlling interest" means—
(a) in relation to the corporate structure of the body corporate— (i) all of the securities in the body corporate; or (ii) securities representing all of the share capital of the body corporate; or (iii) securities equivalent in value to one hundred per centum of the share capital of the body corporate; or (iv) securities entitling the holders thereof to all the votes in the affairs of the body corporate.
(b) in relation to the governance of the body corporate, that the majority of persons who— (i) determine the policy of the broadcasting service; or (ii) manage the day-to-day operations of the broadcasting service;
are Zimbabwean citizens.[...]
(6) No person—
(a) whose broadcasting service or signal transmission station is wholly or partly funded by foreign donations or contributions; or
(b) which is a subsidiary company as defined in section 143 the Companies Act [Chapter 24:03], or whose broadcasting service is provided as agent for, or under a franchise from, another person; or
(c) convicted of an offence in terms of this Act, the Postal and Telecommunications Act [Chapter 12:05] or the Radiocommunication Services Act [Chapter 12:04] before its repeal by the Postal and Telecommunications Act [Chapter 12:05];
shall be licensed. [...]
(8) Notwithstanding subsection (1) and (2) the Minister may at his or her absolute discretion grant exemptions from those provisions and permit the Authority to issue any broadcasting licence to an individual or body corporate approved by the Minister in which the controlling interest or any portion thereof is held by persons who are not citizens of Zimbabwe.
[...]
22. Prohibition against non citizens becoming directors of licensees
No person other than a citizen of Zimbabwe shall be a director of a licensee. [...]" (Broadcasting Services Act (Chapter 12:06) of 2001, as amended)
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"36 Persons disqualified to be licensed
(1) The Authority shall not issue a cellular telecommunication licence, postal licence or telecommunication licence to any person other than a body corporate in which a controlling interest is held, directly or indirectly, whether through any individual, company or association or otherwise, by one or more individuals who are citizens of Zimbabwe and ordinarily resident in Zimbabwe: Provided that a licence may be issued to a body corporate in which no such controlling interest is held, subject to the condition that, within a period specified in the licence, a controlling interest is held by one or more such individuals.
(2) For the purposes of this section “controlling interest”, in relation to a body corporate holding a cellular telecommunication licence, postal licence, radio station licence or telecommunication licence, means
(a) the majority of shares in the body corporate; or (b) shares representing more than half the share capital of the body corporate; or (c) shares of a value in excess of half the share capital of the body corporate; or (d) shares entitling the holders thereof to a majority or preponderance of votes in the affairs of the body corporate.
(3) The Authority shall not, without the authority in writing of the Minister, issue a radio station licence to a person who is not a citizen of Zimbabwe or ordinarily resident in Zimbabwe or to a body corporate other than a body corporate in which a controlling interest is held in terms of subsections (1) and (2). 
[...]
71 Certificates of competency required in respect of the working of certain radio stations
(1) No person shall work a radio station of a class or type prescribed except in accordance with a certificate of competency issued by the Authority.
(2) The Authority shall not issue a certificate of competency in terms of subsection (1) to a person who is not citizen of Zimbabwe without the authority in writing of the Minister.[...]" (POSTAL AND TELECOMMUNICATIONS ACT (CHAPTER 12:05), 2001, as amended)
Broadcasting Services Act (Chapter 12:06) of 2001, as amended
POSTAL AND TELECOMMUNICATIONS ACT (CHAPTER 12:05) of 2001, as amended
[<a href="http://www.jsc.org.zw/jscbackend/upload/Acts/2014/1206updated.pdf">Act</a>],[<a href="http://www.jsc.org.zw/jscbackend/upload/Acts/2014/1205updated.pdf">Act</a>]