The government has approved major reforms to enhance the business environment by reducing fees, eliminating unnecessary levies, and streamlining licensing systems, aiming to attract investment and sustain economic growth above 6 percent. Speaking on Tuesday in Harare, Information Minister Jenfan Muswere said business license charges across the wholesale and retail sectors have been reduced or removed to encourage private sector activity.
A liquor license fee has dropped to $20 from $1,080 for wholesalers, and the $200 veterinary trade permit has been eliminated. The $703 bakery licence fee has also been scrapped, while local licence charges will be capped for nationwide consistency. Final adjustments to fees and permits will be made before official publication.
Finance Minister Mthuli Ncube noted that previous charges discouraged investment, especially from foreign businesses. On agriculture, Muswere said Zimbabwe remains food secure, with cotton and tobacco output rising and dam construction underway to boost irrigation. Cotton sales rose by 108 percent, and irrigated tobacco land increased by over 11 percent.
Agriculture Minister Anxious Masuka reported 12 new dams are being built alongside 10,600 existing ones, including Kunzvi Dam and Gwayi-Shangani Lake. Cabinet also reviewed the Five Miles Industrial Park in Hwange, which includes a 235-megawatt power plant, cement works, and a coking plant. It currently produces 100 megawatts of electricity, 250,000 tonnes of coke, and 100,000 tonnes of cement annually.
A liquor license fee has dropped to $20 from $1,080 for wholesalers, and the $200 veterinary trade permit has been eliminated. The $703 bakery licence fee has also been scrapped, while local licence charges will be capped for nationwide consistency. Final adjustments to fees and permits will be made before official publication.
Finance Minister Mthuli Ncube noted that previous charges discouraged investment, especially from foreign businesses. On agriculture, Muswere said Zimbabwe remains food secure, with cotton and tobacco output rising and dam construction underway to boost irrigation. Cotton sales rose by 108 percent, and irrigated tobacco land increased by over 11 percent.
Agriculture Minister Anxious Masuka reported 12 new dams are being built alongside 10,600 existing ones, including Kunzvi Dam and Gwayi-Shangani Lake. Cabinet also reviewed the Five Miles Industrial Park in Hwange, which includes a 235-megawatt power plant, cement works, and a coking plant. It currently produces 100 megawatts of electricity, 250,000 tonnes of coke, and 100,000 tonnes of cement annually.
