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Harare City Council Cuts Shop Licence Fees

2 months agoMon, 06 Jan 2025 08:09:45 GMT

Harare City Council Cuts Shop Licence Fees

The City of Harare has announced a significant reduction in shop license fees. The move is intended to alleviate the financial burden on businesses and stimulate growth in a sector that contributes 60% of Zimbabwe’s GDP, reported Zimbabwe Economic Review.

The council said the new fee structure introduces flexibility, offering various payment options to suit different business needs.

Businesses can now pay license fees monthly, quarterly, biannually, or annually.

Additionally, the fees will now be categorized based on the size of the business: small businesses will pay US$400 annually, medium businesses will pay US$600 annually, and large businesses will pay US$800 annually.

The local authority explained that this reduction responds to widespread complaints from SMEs regarding high fees and the rigid non-transferability of licenses.

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By lessening these costs, Harare aims to encourage the growth of SMEs, which is essential for economic stability, especially given the large informal economy resulting from company closures, currency instability, and inflation.

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11 Comments

Ndlovu Gloria · 2 months ago

Very good move indeed cdes.Thats very good.l wish the same be done in Victoria Falls so that we are also encouraged to run these small businesses at ease.We love our Zimbabwe.We are patriots and never want to leave it but however,we can't help it at times because in as much as we try to run businesses to sustain our families whilst serving our beautiful country at the same time you find it very difficult to pay commercial rates or register your hustle because of absorbitant charges.I know this will be applicable also to us so we are patiently waiting, thanks so much lovely people

Anonymous · 2 months ago

Its not yet confirmed

Freedom Fighter · 2 months ago

Well done, it shows an understanding that business is an up and down especially this time when there is a promising drought,people are facing a lot of challenges on their financial budgets so l say thank you City Council of Harare,your fees is very reasonable and affordable since you give business men a time frame.A year is reasonable

Officer · 2 months ago

Chitambirisai vashandi venyu tanzwa nekubirwa

singleman · 2 months ago

nice move from$1200 ,,almost better

RoadKill · 2 months ago

Varikuti its too much, mamboonawo here kuti these are annual fees? Whoever cant pay fees over 12 months should stay out of business.

Vic Venom · 2 months ago

Well done City of Harare....Rant over sanity restored

chaka · 2 months ago

still to big.