Government’s Licensing Overhaul Welcomed by Residents, Business Community
The Zimbabwe National Organisation of Associations and Residents Trust (ZNOART) has lauded the government’s latest business licensing reforms, describing them as a “watershed moment” for economic growth, small business formalisation, and community development.
The reforms, announced by the Ministry of Finance and Economic Development, will see the consolidation of up to 11 local authority business licences into a single, unitary licence, with a sliding scale fee structure capped at USD$500. The measures are a key pillar of the National Development Strategy 1 (NDS1) and are designed to advance President Emmerson Mnangagwa’s Vision 2030, which aims to transform Zimbabwe into an upper middle-income economy within the next five years.
