Financial services sector fees reviewed

We  publish here the post Cabinet media briefing presented by Information, Publicity and Broadcasting Services Minister, Dr Zhemu Soda, in Harare yesterday.

Cabinet received a report on the summer 2025/2026 and winter 2026 crops update which was presented by Lands, Agriculture, Fisheries, Water and Rural Development Minister Anxious Masuku.

Cabinet was informed that the “Second Round of Crops, Livestock and Fisheries Assessment” led by the Zimbabwe National Statistics Agency, is currently underway and is expected to be completed by April 10.

The area planted to cereal crops is 2.5 million hectares, with an estimated 1.9 million  hectares  planted to maize; 343  661  ha  to  sorghum;  216 615  ha  to pearl millet and 30 645 ha to finger millet. Despite the two-three weeks dry spell experienced, there are indications of strong crop recovery, especially for maize in agro-ecological regions 1, 2 and 3 while regions 4 and 5 face localised losses.

Regarding the Strategic Grain Reserve, the Grain Markerting Board holds 166 894  metric  tonnes.  Additionally,  GMB  managed  to  pay  88,8 percent  of  US dollar  and 74,8 percent  of  ZiG  amounts  owed  to  farmers,  and  current  outstanding  balance payments stand at US$4,1 million and ZiG90 million.

Concerning Marketing Arrangements, five categories were considered for the 2025/26 selling season. GMB is expected to purchase commodities financed under the Climate-Proofed Presidential Input Scheme (Pfumvudza/Intwasa). Contractors will buy grain financed under contract at market prices; self-financed  farmers  are  expected  to  sell  to  the best  advantage market; ARDA will sell to GMB to replenish the SGR, while the balance will be sold to the  best  market.  The  Zimbabwe  Mercantile  Exchange  will  provide  a warehouse receipt system and support a market trading platform for agricultural commodities.

The Grain  Marketing  Board  will  utilize  1 804  collections  points  and  its  89 depots around the country for collecting and storing grain. This arrangement is expected to provide convenience and cost-effective marketing options to farmers and private players. GMB will also provide an in-transit storage facility to enhance grain imports and overall moderation of consumer prices across the country.

The  GMB silo Storage  capacity has increased from 750 000 tonnes to 862 000 tones as a result of the expansion on Kwekwe and Mutare silos. Work is continuing on the remaining 12 silos, with Mhangura in Mashonaland West Province and Timber Nails in Makoni District of Manicaland Province expected to be commissioned by the end of this year.

Under the Tobacco marketing Update, a total of 48.2 million kilogrammes of tobacco has been sold throughout the country at an average price of US$2,85  per kg.  The  volume  of  tobacco  sold  marks  a 68 percent  increase  from 2025, while the average selling price decreased by 18 percent from the US$3,45/kg over a similar period in 2025.

Regarding the winter cropping season for 2026, the average national dam level capacity stands at 93.2 percent, with Mashonaland Central dam levels ranking the lowest at 66,4 percent among the 10 provinces.

The Government is targeting to produce 956 350 tonnes of winter cereals on 140 500 hectares; 662 500 tonnes of winter wheat over a combined 125 000 hectares for all provinces; 50 000 tonnes of barley on 6 500  hectares; and 243 850 tonnes of Irish potato on 9 500 hectares.

 REVIEW OF LICENCES, PERMITS, LEVIES AND FEES IN THE FINANCIAL SERVICES SECTOR

Following  comprehensive proposals  presented  Hon  Felix  Mhona  as  Acting Minister of Finance, Economic Development and Investment Promotion,

Cabinet approved the streamlining of duplicated and overlapping regulatory licences and permits, removed unnecessary levies and fees and lowered unjustifiably high levies and fees for the financial services sector as per the following highlights:

Removal of the following fees:

Monthly fees for accounts with less than US$100 balances; fees for transactions less than US$5;

Cash deposit charges for both US$ and ZiG amounts;

Cash withdrawal fees capped at 2 percent for both US$ and ZiG;

Account opening charges; and reduction of the fees in the following sub-sectors:

Micro-finance institutions;

Insurance and pensions;

Mobile money; and

Fintech capital Markets.

The reviewed licences, permits and fees will be subjected to further refinements and a comprehensive schedule will be duly gazetted.

REVIEW OF LICENCES, PERMITS AND LEVIES IN THE MANUFACTURING SECTOR

Following  comprehensive proposals  presented  Hon  Felix  Mhona  as  Acting Minister of Finance, Economic Development and Investment Promotion, Cabinet approved the review of licences, permits and levies in the

Manufacturing sector, covering ten selected light and heavy manufacturing sub-sectors including Beverages; Agro-processing; Confectionery and Food; Textiles and Clothing; Timber; Paint; Pharmaceutical; Brick Moulding; Motor Vehicle Assembly and Iron and Steel Manufacturing Industries.

The reviewed licences, permits and levies under manufacturing sector include the following highlights removal of the Rural District Councils (RDCs) Timber Movement Permit; ii. combining of the EMA registration and monitoring licences that were charged separately;

Reduction of the following fees

The General Import Licence fee;

The Radiation Protection Authority of Zimbabwe Industry

Nuclear Gauge Licence fee; and

the Radiation Authority of Zimbabwe registration fees; among others.

The reviewed licences, permits and fees will be subjected to further refinements and a comprehensive schedule will be duly gazetted.

Following  comprehensive proposals  presented  Hon  Felix  Mhona  as  Acting Minister of Finance, Economic Development and Investment Promotion, Cabinet approved the streamlining of duplicated and overlapping regulatory licences and permits, removed unnecessary levies and fees and lowered unjustifiably high levies and fees for the health sector, including the following highlights:

Removal of the following fees:

Initial registration fees for wholesalers; and initial registration of pharmaceutical premises and facilities;

Annual inspection fees for manufacturing wholesalers; and pharmaceutical wholesalers;

Initial licence registration fees for retail pharmacies, in all locations; and

Annual renewal premises licence registration fees for retail pharmacies.

Reduction of the following fees:

Application to change material particulars in the registration of a health institution;

Clinical  trials  of  locally  funded  Human  Medicine  and  Veterinary Medicine;

Hospital tier Approval Letters;

Certificate of Status;

Certificate of Good Standing; and

Registration of new premises, among others.

The reviewed licences, permits and fees will be subjected to further refinements and a comprehensive schedule will be duly gazetted.

 REPORT ON TOURS TO ECONOMIC FLAGSHIP PROJECTS IN MIDLANDS AND MASVINGO PROVINCES

Cabinet  received  and  approved  the  report  on tours  to  economic  flagship projects in Midlands and Masvingo Provinces, which was presented by Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga.

The Vice President led a high-profile delegation on a comprehensive tour of key economic flagship projects in Midlands and Masvingo Provinces as part of the ongoing nationwide assessment of their contributions to Gross Domestic Product, community development, and alignment with the country’s industrialisation and beneficiation objectives.

The tour encompassed  various  mining, industrial, infrastructure,  and health  projects across both provinces, highlighting their strategic significance and developmental impact.

The  tour  covered  the  following  15  major  projects  across  the  Midlands and Masvingo Provinces: Zheli Mining in Zvishavane District; Sandawana Mine in Mberengwa District; Dinson Iron and Steel in Chirumhanzu District; Global Union Alloys; Steelmakers Zimbabwe.; Sable Chemicals; Intrachem; and Zimchem Refiners in Kwekwe District, Midlands Province; Bata Shoe Company; and Sino Zimbabwe Cement Company in Gweru District, in the same Province. Other projects  that  were  toured  in  Masvingo  Province  include  Zhongxin  Chrome Smelting in Mashava District; Bikita Minerals in Bikita District; Great Zimbabwe Hydro; and Mucheke and Chimusana Bridges in Masvingo Province. The Vice President also toured the Mini-Interchange in  Masvingo Province and a stretch of the Masvingo-Beitbridge road.

In view of the observation that all the mining companies visited are engaged in ore extraction and the exportation of raw minerals, Cabinet reaffirms its commitment to maintaining the ban on raw mineral exports. This measure is  intended  to  promote  value  addition,  beneficiation,  industrialization,  and manufacturing  initiatives.  Additionally,  Cabinet  has  directed  that  the  Great Zimbabwe Hydro-power model be replicated at other dams across the country to enhance power generation capacity.

REPORT ON PREPARATIONS FOR THE 46TH INDEPENDENCE DAY CELEBRATIONS AND CHILDREN’S PARTY

Cabinet  received  and  noted  an  update  report  on  the  preparations  for  the 46th  Independence Day Anniversary Celebrations and Children’s Party, which was presented by Vice President Col (Rtd.) Dr KCD.Mohadi as the  chairman  of  the  Cabinet  Committee  on  State  Occasions  and National Monuments.

As previously communicated, the 46th Independence Day anniversary celebrations and the 2026 Children’s Party will be hosted at Maphisa Growth Point in Matobo District, Matabeleland South Province. The Children’s Party is scheduled to take place at Mahetshe Primary School, while the Independence  Gala  will  be  held  at  Minda  Primary  School  within  the  same district.

To  ensure  the  successful  hosting  of  these  events,  significant  progress  has been  made  in  various  infrastructure  developments.  The  main  arena  which includes the  stadium  has  been  completed,  while plumbing  and  electrical works are currently underway. Additionally, pitch excavation, levelling, drainage and fencing are approaching completion. The parking area has been cleared and partially levelled, with gravelling works continuing to register.

Regarding  school  upgrades,  Mahetshe Primary  and  Secondary  Schools  as well as Minda High School have reached 100 percent completion of their superstructures, with major facilities such as classrooms, laboratories, staff houses,  and  renovations  nearing  completion.  Meanwhile,  construction  has commenced at Shashane High School and Kezi Primary School.

Construction  of  the  Bulawayo-Kezi-Maphisa  and  Gwanda-Maphisa  roads  is currently underway, with some sections nearing completion. The construction of additional roads across the province is progressing smoothly. Furthermore,  there  has  been  significant  progress  in  bridge  de-siltation,  as well as the rehabilitation of access roads. Borehole drilling and water infrastructure development are currently ongoing to support local communities and businesses. The Joshua Mqabuko Nyongolo Nkomo Polytechnic  is  also  nearing  completion,  with  the  structures  now  ready  for commissioning.

Furthermore, the cultural and memorial  projects  including  the Ratanyana Battle Site Museum, graves at District Heroes Acres, the former Zezane Assembly Point and Manama Mission School, are progressing steadily towards completion.

Maphisa  District  Hospital  and  Kezi  Rural  Hospital  are  nearing  completion; with emergency infrastructure, including a Command Centre at Maphisa, being established. In terms of power supply, installations at Bazha- Fumungwe project and Maphisa Stadium are almost complete. Additionally, distribution of Starlink kits, laptops, and printers is ongoing with the aim of enhancing communications across the host province.

REPORTS ON PRIORITY PROJECTS FOR THE FIRST 100-DAY CYCLE OF 2026

In  terms  of  the  Inclusive  Economic  Growth  and  Structural  Transformation pillar  under  the  National  Development  Strategy  2,  the  Minister  of  Tourism and  Hospitality  Industry  Barbara Rwodzi highlighted  the  following  achievements  under  her purview:

The Masvingo Central Business District Hotel in Masvingo Province, has been completed and is expected to become operational by mid-year.

Construction  of  the  Bridge  Hotel  in  Beitbridge  District,  Matabeleland South Province, is  85 percent complete, with roofing currently in progress.

Construction of Prevail International Lodges in Mberengwa District, Midlands  Province,  is  progressing  well.  The  project  includes  10  four- bedroom units and 10 one-bedroom units, with internal finishes currently underway.

Construction of the Cricket Stadium in Hwange District, Matabeleland North Province, is  progressing  well,  with 85 percent  completion of media centres, 50 percent of the pavilion, and ongoing pitch maintenance.

The  construction  of  Park  Inn  Hotel  in  Hwange  District,  Matabeleland North Province, is on schedule, with 98 percent of bulk earthworks completed.

The  Sky  Plaza  Hotel  in  Harare  Metropolitan  Province,  is  progressing smoothly. The basement, deck, and ground floor have been completed, while the entertainment centre has reached the third floor.

Construction of the Rural Tourism Independence  Rondavel in Matobo District, Matabeleland North Province, is approximately 70 percent complete, with three rondavel structures nearing completion of the superstructure.

Construction of AATC Hotel in Harare Metropolitan Province is approximately 70 percent  complete and  remains  on  track  and  according  to schedule.

The  beautification  and  greening  initiatives  at  Robert  Gabriel  Mugabe International Airport and the Trabablas Interchange in Harare Metropolitan Province, are ongoing.

Refurbishment of the Kingdom Hotel in Hwange District, Matabeleland North Province, is currently at 25 percent progress.

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