New Currency – Zimbabwe Gold ZiG: All you need to know.

Breaking news: Reserve Bank of Zimbabwe Introduces New Structured Currency, Zimbabwe Gold (ZiG), effective this Friday.

In a significant development for Zimbabwe’s monetary landscape, the Reserve Bank of Zimbabwe (RBZ) has announced the introduction of a new structured currency. The currency is called Zimbabwe Gold (ZiG) and is set to take effect this Friday the 5th of April 2024. The recently appointed Governor of the Reserve Bank of Zimbabwe Dr John Mushayavanhu revealed the introduction of the new currency in his first ever monetary policy announcement. This move reflects the country’s efforts to diversify its currency options and potentially stabilize its economy.However, the general Zimbawean populacy seems to dislike the move citing issues to do with lost confidence in the local currency.

All about Zig in brief.

The recent introduction of Zimbabwe Gold (ZiG) as the replacement for the Zimbabwe Dollar (ZWL) marks a significant shift in the country’s currency landscape. Trading at a rate of 13.5616 against the US dollar, ZiG aims to bring stability and restore confidence in the nation’s economy. The currency will be available in both coin denominations, such as 25c and 50c, and banknote denominations, including 1, 2, 5, 10, 20, 50, 100, and 200. Moreover, the exchange rate of ZiG will be determined by market forces, effectively replacing the auction system that ceased to exist in December 2023. This transition to a market-determined exchange rate signifies the government’s commitment to create a more flexible and efficient currency system that aligns with prevailing economic conditions.

Features of the new Zig currency

Whilst the new Zig currency is being said to be in circulation, there hasn’t been education on it’s features. As should be the norm, newly introduced currencies must be advised in due course to the public, their security features must be disclosed and illuminated in most commercial banks. However, that hasn;t been the case with the Zig currency. Below is a picture of the recently introduced notes.

 

Zig currency

Zig currency

 

Effects of ZiG on businesses

Firstly, the most common and adverse effect of the introduction of Zig currency is the change in SI unit by comapnies. Businesses in Zimbabwe have been using the ZWL $ and are now forced to alter their systems to Zig $. How inconvenient is that?

Negative effects of Zig.

The introduction of Zimbabwe Gold (ZiG) opens up new possibilities for trade, investment, and economic growth within Zimbabwe. It is expected to enhance the country’s position in the global market by leveraging its abundant gold resources and potentially attracting international investors who value the stability offered by a gold-backed currency.

The introduction of a new currency can have various effects on the economy of a country. Let’s analyze the potential effects of the recently launched Zig currency in Zimbabwe.

  1. Stability and Confidence: If the Zig currency is introduced with a stable monetary policy and effective measures to control inflation, it can instill confidence in the economy. A stable currency encourages investment, both domestic and foreign, and promotes economic growth.
  2. Inflation Control: Zimbabwe has faced significant challenges with hyperinflation in the past. The introduction of a new currency provides an opportunity to implement better monetary policies and measures to control inflation. By managing the money supply effectively, the Zig currency can help stabilize prices and restore confidence in the economy.
  3. Exchange Rate: The exchange rate of the Zig currency against other major currencies will play a crucial role. If the Zig currency is appropriately valued and maintains a stable exchange rate, it can enhance trade competitiveness and attract foreign investment. However, if the exchange rate is volatile or overvalued, it may negatively impact exports and increase the cost of imports.
  4. Transition costs: Logistical challenges and costs are involved in the introduction of a new currency. These encompass the printing and distribution of new banknotes, the updating of financial systems, and the education of the public about the new currency. The successful management of these transition costs is essential to ensure a smooth transition to the Zig currency.

Conclusion

In conclusion, whether the new Zimbabwean currency, Zig, will endure and persist until 2030 remains uncertain. The success and longevity of a currency depend on a multitude of factors, including economic stability, effective monetary policies, public confidence, and external market conditions. While the introduction of Zig presents an opportunity for Zimbabwe to address previous currency challenges, only time will reveal its fate. Vigilant monitoring, prudent management, and adaptive strategies will be vital in navigating potential obstacles and ensuring the currency’s sustainability. As the years unfold, the true test of Zig’s resilience and endurance will become apparent, and only then will we know if it will stand the test of time until 2030 and beyond.

LP Gas business registration in Zimbabwe

LP Gas has played a critical role in today’s modern age. From cooking to refrigeration and from heating to cooling, LP gas has become an important part of today’s households. Here is a step by step guide on how to legally Register your LP Gas business.

Brief history about Liquified Petroleum Gas

LP gas, also known as liquefied petroleum gas or LPG, has a fascinating history that dates back to the early 20th century. The origins of LP gas can be traced back to the discovery and extraction of natural gas and petroleum. In the early 20th century, natural gas and petroleum were primarily used for lighting and heating purposes. However, the challenge emerged when it came to safely transporting and storing these gases.In 1910, Dr. Walter Snelling, an American chemist, made a significant breakthrough in the field of gas technology. He discovered that by compressing and cooling natural gas, it could be converted into a liquid state, occupying less space and making it easier to transport and store. Dr. Snelling coined the term “liquefied petroleum gas” or LPG.

Demand of LP Gas in Zimbabwe

The consumption of LP Gas in Zimbabwe had a steady rise from around 2013 when the country started facing electricity woes. In the same year, only 5million kgs of LP gas were consumed. According to the Herald Zimbabwe, the number shot to 65million in 2023 which is an impressive and sharp increase in demand. Without any inch of doubt, the LP gas business is very lucrative in Zimbabwe and one must venture into it.

Now that we’re over with the history of LP gas and how it has grown so much in popularity, let’s talk about how you can tap into this goldmine and formalise your gas retailing business in Zimbabwe.

Step 1: Registering Your LP Gas Business

To legally register your LP Gas business, the first step is to register your company. This ensures that you comply with all necessary regulations and requirements.

Here are the requirements to register your LP Gas business as a company in Zimbabwe:

  1. Five proposed names of your company in order of priority.
  2. The objective of your company [which is gas retailing in this case].
  3. Directors’ , shareholders and secretary’s details [ID card, physical address, and email address].
  4. Business Contact Details [business email and physical addresses]. If the business doesn’t have emails or physical addresses yet, you can make use of the emails and physical address for one of the directors. Contact City Cloud so that you get customised business email addresses like: [email protected] for just $3 per month.

 

Once your LP Gas is fully registered, you’ll receive the following documents:
  1. A certificate of incorporation.
  2. A copy of the Articles of Association.
  3. A copy of the Memorandum of Association.
  4. A copy of the CR 6 which is the list of directors and secretaries [formerly CR16]
  5. A copy of the CR 5 which shows the business’s contacts that is business email and physical address.

Please feel free to get in touch with us for company registration. Call or WhatsApp us: +263716196475

Obtain a Tax Clearance Certificate

The next step after registering your gas retailing business is to obtain a Tax Clearance Certificate for the business. This helps ensure that you are tax compliant with  Zimbabwean tax laws. We advise you to engage tax experts to help you with tax registrations and tax remittances. Engage us to help you get tax compliant always.

Step 2: Identifying a Suitable Location for Your LP Gas Business

Once you have completed the registration process, it’s time to identify a suitable open space or area where you can construct or erect your cage for the LP Gas business. This location is crucial for your operations and must meet the necessary safety standards.

Step 3: Engaging with Local Authorities for Approval and Permits

Visiting your local authorities, such as the City Council, Municipality, or Rural Local Board, is the next step. You will need to present your company registration and tax clearance documents and inform them of your intentions to start an LP Gas retail business. Additionally, you should provide details about the open space you have identified as your preferred site.

Step 4: Application and Inspection Process

The council will review your application and advise if the preferred site is reserved for future use. If not, you will be required to pay an application fee and submit your cage plan and an application letter for the site. Following this, you will need to pay a booking fee to the Fire Brigade for a pre-inspection to ensure the suitability of the area for gas retailing. Engage Leoned Construction on: +263 77 426 9458 for the building of your gas housing and get the gas tanks from T&C Gas.

Step 5: Obtaining Approvals and Compliance

If the Fire Brigade approves the site, you will receive an approval letter, which you will then present to the local authority. They will issue an offer letter for the site, and you will need to make the required payments. After this, you must approach the Environmental Management Agency (EMA) for another pre-inspection to assess any potential environmental and community damage caused by your operations.

Step 6: Construction and Compliance with Safety Standards

Once EMA approves your site, you can proceed with the construction or erection of your blast cage. It is essential to adhere to the prescribed measurements and requirements provided by the Standards Association of Zimbabwe (SAZ) or the Zimbabwe Energy Regulatory Authority (ZERA). The cage should include hazchem signage, fire extinguisher, and pumping equipment installation.

Step 7: Final Approval and Operating Licenses

Upon completing the construction of your cage, you will need to seek final approval from ZERA. They will evaluate your compliance, and you must score a compliant percentage of 75% or higher. It is crucial to obtain operating licenses from all relevant authorities, including the Council, Fire Brigade, EMA, and ZERA, before commencing your LP Gas business operations.

 

Where to get customers to supply gas?
  1. Tenders – the governement, government agencies, Non-Governmental organisations and corporates are one of the key consumers of liquidified petroleum gas. Check and respond to their tenders that are published in the government gazette and other online publications.
  2. Local Businesses: Approach restaurants, hotels, cafes, and other food establishments as they often require gas for cooking. Additionally, consider supplying gas to industrial companies, manufacturing plants, and commercial complexes that use gas for their operations.
  3. Residential Areas: Target residential areas with households that use gas for cooking or heating purposes. You can distribute flyers, advertise in local newspapers, or utilize online platforms to reach potential customers in these areas.
  4. Construction Sites: Contact construction companies and contractors who may require gas for temporary heating, welding, or other construction-related activities.
  5. Schools and Institutions: Schools, colleges, and universities often have gas requirements for their laboratories, kitchens, or other facilities. Approach these educational institutions and offer your gas supply services.

 

Additionally, here are some points to consider for your LP Gas business:

  1. Sourcing LP gas supply: You must identify reputable LP gas suppliers in your area to ensure a consistent and reliable source of supply for your business.
  2. Pricing your LP Gas: It is important that you do a thorough research about the market and determine competitive pricing for your LP Gas products. Consider factors such as production costs, transportation, and market demand while setting your prices.
  3. Digital Marketing for your LP gas business: Utilise digital marketing strategies to promote your LP Gas business. Establish a professional website, create social media profiles, and engage with potential customers through targeted advertisements and informative content.Hire a digital marketing agency like City Cloud.
  4. Online ordering and delivery: Provide the convenience of online ordering and delivery services to attract customers. Develop a user-friendly website or mobile app where customers can place orders and have LP Gas delivered to their doorstep. This will allow you to standout from competitors.
  5. Customer loyalty programs: Implement customer loyalty programs to incentivize repeat business. Offer discounts, rewards, or referral programs to encourage customers to choose your LP Gas business over competitors.

By following these steps and considering additional strategies for sourcing, pricing, and marketing your LP Gas business, you can establish a legally registered and successful venture in the industry.

The Comprehensive Guide to Using In-Drive in Zimbabwe

In an era where convenience is king, InDrive is one of the hailing apps have revolutionized transportation in Zimbabwe. Offering a blend of comfort, affordability, and safety, these InDrive have become indispensable for many. This guide aims to simplify and elucidate the process of using InDrive, how car owners in Zimbabwe can benefit from using InDrive and how a user can make use of InDrive.  

InDrive City Ride

Getting Started with InDrive

First and foremost, select and download a InDrive app from your smartphone’s app store. Here are the respective links to download InDrive app:

Apple Appstore InDrive app: https://apps.apple.com/us/app/indrive-save-on-city-rides/id780125801?mt=8

Download InDrive on Google Playstore: https://play.google.com/store/apps/details?id=sinet.startup.inDriver

Download InDrive on Huawei App Gallery

For more information about InDrive, visit the InDrive website: https://indrive.com/en/home/

How to register on InDrive?

Once installed, create an account as a Driver or Customer using your phone number or email address. This is a straightforward process typically involving verification through a text message or email. 

 

InDrive - register

Enter your name, choose the city you live and remember to turn on notifications. 

Now to make money as a driver, choose the Driver option on this page below.

InDrive Driver or Passenger

Enter your Name and finish the sign up process. Remember to finish details like the make of your car, it’s registration number,  a clear picture of the car, vehicle registration book and your drivers’ license details. A clear profile fosters trust between you and your customer.

InDrive registration details

How much can someone earn on InDrive per day?  

The earnings of a taxi driver on the InDrive hailing app in Zimbabwe can vary depending on several factors. It is important to note that the specific earnings will depend on the driver’s location, time spent on the road, number of trips completed, and market demand. However, to provide a general idea, let’s consider some rough estimates.

On average, a car registered on InDrive app in Zimbabwe can earn between $30 to $70 per day. This estimate takes into account factors such as the number of trips completed, distance travelled, and fares charged. It’s important to remember that these figures are approximate and can vary significantly depending on the specific circumstances.

Earnings can fluctuate throughout the week, with weekends often being busier and potentially more profitable due to increased demand. Additionally, factors like peak hours, special events, and holidays can also impact a driver’s earnings.

To maximize earnings, taxi drivers must consider factors such as strategic positioning in areas with high demand (shopping centres like Highlands, Sam Levis Village ,  Avondale and the CBD) maintaining a good rating and reputation on the platform, and optimizing their availability during peak hours.

It’s worth noting that these estimates are based on general observations and may not reflect the exact earnings of every driver on the InDrive hailing app. Actual earnings can vary, and it’s essential for drivers to assess their own performance, expenses, and market conditions to determine their specific earning potential.

Below are screenshots of what people are earning currently via InDrive. 

How much can someone earn on InDrive
How to earn on In Drive

Thinking of formalising your taxi business in Zimbabwe? Contact our team if you need assistance with registering your taxi business as a company: +263716196475 | +263777069078 | [email protected]

Requesting a Ride on InDrive

To request a ride, simply open the app and enter your destination. The app will then show you the available ride options along with estimated fares. Choose the one that best suits your needs, be it a standard, premium, or larger vehicle for groups. Once you confirm your ride, the app will match you with a driver.

Safety within the InDrive App

Safety is paramount. Always check the driver’s details provided by the app, including their name, car model, and registration number. Share your ride details with a trusted friend or family member, especially if traveling late at night. Most apps now have a safety feature allowing you to share your trip in real-time.

The InDrive app also has an inbuilt safety feature that allows you to call the police or an ambulance.

Lastly, keep your InDrive app updated. Regular updates not only bring new features but also enhance security and improve user experience.

InDrive Pick a Driver
InDrive Safety

InDrive vs Vaya vs Hwindi vs Rida

Finally, don’t hesitate to explore different in-drive hailing apps available in Zimbabwe like Vaya, Hwindi or Rida or the recently introduced Bolt.  Each may offer unique features, coverage areas, or pricing structures. Using multiple apps gives you more earning options.

In conclusion, InDrive has emerged as a game-changer in the transportation industry in Zimbabwe, providing convenience, affordability, and safety to both drivers and customers. This comprehensive guide has outlined the process of getting started with InDrive, including downloading the app and registering as a driver or customer. It has also provided insights into the earning potential for drivers on the platform, emphasizing the importance of factors such as location, trip volume, and market demand. Safety is prioritized within the InDrive app, with features like driver verification and the ability to share ride details with trusted contacts. Additionally, the guide encourages users to explore other hailing apps like Vaya, Hwindi, and Rida to maximize earning opportunities. With InDrive and these other options, individuals in Zimbabwe have access to a range of hailing services that cater to their specific needs and preferences.

Should you wish to formalise your tax business by registering it or getting a Tax Clearance , get in touch with us today on: +263716196475 | +263777069078

What is Tarms and how to register it?

Tax Issues

What is Tarms and how to register it?

Imagine paying your taxes through a convenient and secure online platform. That’s exactly what ZIMRA’s new system, TaRMS (Tax and Revenue Management System), offers. It’s a game-changer designed to make tax payments hassle-free for everyone.

JAN 7, 2024

469

What is Tarms all about?

The Zimbabwe Revenue Authority (Zimra) recently launched a new online tax system called TaRMS on January 1, 2024. The old tax systems were shut down from in November 2023. All new Tax Clearance certificates were to be applied for through the new system. The term TaRMS means Tax and Revenue Management System. This means it’s time to say goodbye to Business Partner Numbers and say Hello to Tax Payer Identification Number (TIN).

How to create an account on TARMS?

Creating an account on TaRMS is easy. Simply click https://mytaxselfservice.zimra.co.zw/auth/login and follow the onscreen instructions.

Tarms Portal

Once you have successfully registered on TaRMS, you can apply for your TIN certificate which looks like the one below.

How much is TIN registration on Tarms?

TIN registration is USD $40 if done via this website. Turn around time for TIN registration is 3days.

Requirements for TIN registration:

 1.Certified copies of company papers.

2.Certified copies of directors’ IDs.

3.Proof of residence for every director (attach affidavit if proof is not in director’s name).

4.Directors’ email addresses and phone numbers.

5.Current personal bank statement of one of the directors.

Some key takeaways about the TaRMS system.

This new system replaces the previous SAP TRM system and aims to simplify tax-related procedures for the convenience of taxpayers like yourself. With the implementation of TaRMS, ZIMRA has introduced several improvements and benefits:

 

Taxpayer Registration:

• Duplicate Business Partner Numbers and Tax Types registrations have been eliminated.

• The system now offers online validation of Company Registration Numbers (CRN), ID numbers, and bank account numbers through integration with the Registrar of Companies, Civil Registry, and Banks.

• Public officers/representatives, directors, and shareholders can now be registered in the system.

• Automatic registration of Taxpayer Identification Numbers (TIN) and Tax Types for most entities, with only a few cases requiring ZIMRA’s approval.

• Reduction of manual registration forms, allowing taxpayers to save partially completed registration applications or tax returns in draft form for later completion.

• Ability to update master data through the Self Service Portal (SSP) without the need for human intervention.

Tax Return Management:

• Introduction of a single TIN for both USD and ZWL, enabling taxpayers to submit one return per tax period and post liabilities in both currencies for convenience.

• Full automation of most returns and claim forms, except for Capital Gains Tax and VAT for Development Partners and Entities/Individuals with Diplomatic Immunity.

Payments Management:

• Elimination of unallocated payments in ZIMRA bank accounts and the creation of suspense accounts.

• Prevention of overpayments and duplicate payments by taxpayers, as payments are now based on the submitted return.

• Reduction of tax payment mis-postings, saving time and effort in correcting such issues.

• Ability to make a single payment to settle multiple tax obligations, providing cost-effectiveness and convenience.

• Elimination of exchange rate variations, as tax liabilities and payments are now recorded in both ZWL and USD.

• Automatic account maintenance for the taxpayer’s ledger.

Refunds Management:

• Automatic identification of refunds for processing.

• Automatic determination of any outstanding liabilities (returns and payments).

Debt Management:

• Automatic detection of unpaid liabilities.

• Aging of liabilities based on set parameters.

• Automatic account maintenance, with tax liabilities settled directly from the single account.

• Daily calculation of interest, penalties, and their display in the taxpayer’s ledger.

• Automatic reversal of interest charges and penalties for adjusted or amended tax types liabilities.

• Reminders for payments and returns sent according to escalation procedures (excluding taxpayers who are up to date with their obligations).

• Online application for installment plans, with automatic approval based on specific criteria.

• Automatic cancellation of installment plans in case of non-payment.

The Importance of Company Registration in Zimbabwe: Benefits and Regulations

The Importance of Company Registration in Zimbabwe: Benefits and Regulations

Introduction

Starting a business is an exciting endeavor, but it requires careful planning and adherence to legal requirements. In Zimbabwe, one crucial step in establishing a business is company registration. This article explores the significance of company registration, the benefits it offers, and the regulations surrounding it. By understanding these aspects, aspiring entrepreneurs can ensure compliance, protect their business, and unlock numerous advantages. Let’s delve into the world of company registration in Zimbabwe.

Table of Contents

  1. Understanding Company Registration
  2. The Importance of Company Registration
  3. Benefits of Company Registration
    1. Legal Recognition and Protection
    2. Limited Liability
    3. Access to Funding and Credit
    4. Enhanced Business Opportunities
    5. Credibility and Brand Reputation
  4. Regulations for Company Registration
    1. Choosing a Company Name
    2. Types of Companies
    3. Documentation and Filing Requirements
    4. Share Capital and Shareholders
    5. Directors and Officers
    6. Tax Obligations
  5. Conclusion
  6. Frequently Asked Questions (FAQs)

Understanding Company Registration In Zimbabwe

Company registration refers to the formal process of legally establishing a company or business entity. It involves registering the company’s details with the appropriate government authority, usually the Companies and Intellectual Property Commission (CIPC) in Zimbabwe. This process grants the company a unique identity and confers various legal rights and obligations upon it.

The Importance of Company Registration In Zimbabwe

Company registration holds immense importance for businesses in Zimbabwe. It provides legal recognition and protection, safeguards the interests of stakeholders, and fosters a conducive business environment. Moreover, it enables entrepreneurs to access funding, enhances business opportunities, and establishes credibility in the market. Let’s explore these benefits in more detail.

Benefits of Company Registration In Zimbabwe

1. Legal Recognition and Protection

Registering a company offers legal recognition and protection to the business entity. It distinguishes the company as a separate legal entity from its owners and shareholders. This separation ensures that the company can enter into contracts, own assets, and incur liabilities in its own name. In the event of legal disputes or financial difficulties, the company’s owners are protected from personal liability, safeguarding their personal assets.

2. Limited Liability

One of the significant advantages of company registration is the concept of limited liability. By forming a company, shareholders’ liability becomes limited to their investment in the company’s shares. This means that if the company faces financial losses or legal obligations, the personal assets of shareholders are not at risk. Limited liability provides a safety net and encourages entrepreneurship by minimizing personal financial risks.

3. Access to Funding and Credit

Registered companies have better access to funding and credit facilities. Financial institutions and investors often prefer to deal with registered entities due to the legal protections they provide. Company registration enhances the company’s credibility and increases its chances of securing loans, investments, and business partnerships. This access to capital and credit empowers businesses to grow, expand their operations, and seize opportunities.

4. Enhanced Business Opportunities

Company registration opens doors to various business opportunities. It enables companies to participate in government tenders, contracts, and procurement processes. Many large corporations and government agencies prefer to engage with registered entities, creating a level playing field for businesses. Registration also enhances the company’s visibility, attracting potential customers, partners, and suppliers.

5. Credibility and Brand Reputation

Registering a company contributes to its credibility and brand reputation. Customers, suppliers, and other stakeholders perceive registered companies as more trustworthy and reliable. A registered company implies a commitment to comply with legal requirements, adhere to ethical practices, and maintain transparency. Building a strong brand reputation is crucial for long-term success and customer loyalty.

Regulations for Company Registration In Zimbabwe

To register a company in Zimbabwe, entrepreneurs must comply with specific regulations and procedures. These regulations ensure transparency, accountability, and the smooth functioning of businesses. Key considerations for company registration include:

1. Choosing a Company Name

Selecting a unique and appropriate company name is the initial step. The chosen name should comply with the guidelines outlined by the CIPC. It must not infringe upon existing trademarks or confuse consumers.

2. Types of Companies

Entrepreneurs must determine the most suitable type of company for their business. Common options include private companies, public companies, and non-profit organizations. Each type has distinct requirements and obligations.

3. Documentation and Filing Requirements

Applicants must prepare and submit specific documents, such as a Memorandum and Articles of Association. These documents outline the company’s constitution, its purpose, and the rights and responsibilities of shareholders.

4. Share Capital and Shareholders

Determining the company’s share capital and identifying shareholders are crucial steps. Share capital refers to the total value of shares issued, while shareholders are the individuals or entities that own these shares.

5. Directors and Officers

Companies must appoint directors and officers who will be responsible for managing the company’s affairs. Directors have fiduciary duties and legal obligations, ensuring compliance with laws and regulations.

6. Tax Obligations

Registered companies must fulfill their tax obligations by registering for relevant taxes, such as income tax, value-added tax (VAT), and payroll taxes. Compliance with tax regulations is essential for avoiding penalties and maintaining good standing.

 

Let us help you with Company Registration in Zimbabwe. Contact Us: +263716196475 | +263716196475

Company Registration In Zimbabwe

Company Registration In Zimbabwe

Frequently Asked Questions (FAQs)

  1. Is company registration mandatory in Zimbabwe?
    • Yes, company registration is mandatory for businesses operating in Zimbabwe. It provides legal recognition and protection.
  2. What are the benefits of limited liability for shareholders?
    • Limited liability shields shareholders’ personal assets from business-related liabilities, reducing financial risks.
  3. Can registered companies access government contracts in Zimbabwe?
    • Yes, registered companies have the opportunity to participate in government tenders, contracts, and procurement processes.
  4. What documents are required for company registration?
    • Documents such as the Memorandum  and Articles of Association are typically required for company registration.
  5. What tax obligations do registered companies have?
    • Registered companies must fulfill their tax obligations, including income tax, value-added tax (VAT), and payroll taxes, among others. Check more on the Zimbabwe Revenue Authority website. 

 

Conclusion

Company registration plays a pivotal role in the establishment and growth of businesses in Zimbabwe. By registering their companies, entrepreneurs gain legal recognition, protection, and limited liability. They also unlock numerous benefits, including access to funding, enhanced business opportunities, and credibility in the market. Adhering to the regulations ensures compliance and sets the foundation for long-term success. Embracing the process of company registration is a strategic move that empowers entrepreneurs to thrive in the vibrant business landscape of Zimbabwe.

 

Registering a Company in Zimbabwe – Updated 2024 guide

Introduction

Welcome to our comprehensive guide on registering a company in Zimbabwe. If you’re planning to start a business in this vibrant country, it’s crucial to understand the necessary steps and requirements involved in the registration process. This article serves as your ultimate checklist, ensuring that you don’t miss a thing when registering a company in Zimbabwe in 2024.

Choosing a Business Structure

Before proceeding with the registration process, it’s essential to determine the most suitable business structure for your venture. Zimbabwe offers various options, including sole proprietorships, partnerships, private limited companies, and public limited companies. Each structure has its own advantages and considerations, so it’s important to carefully assess your business goals, liability concerns, and growth plans before making a decision.

Reserved Company Name

Once you have decided on a business structure, the next step is to reserve a unique name for your company. The Companies and Other Business Entities Act of Zimbabwe stipulates that the proposed name must not be identical or similar to an existing company’s name. Check our detailed guide on Company name search in Zimbabwe. 

Registering a Company In Zimbabwe – The process.

Registering a company in Zimbabwe can seem like a daunting task, but it doesn’t have to be. The process can be broken down into a few simple steps. Firstly, the company name must be approved by the Registrar of Companies. Once the name is approved, the company’s memorandum and articles of association must be prepared and submitted to the Registrar.

 

Company Registration Prices in Zimbabwe

Company Registration Prices in Zimbabwe

Memorandum and Articles of Association

Drafting the Memorandum and Articles of Association is a crucial aspect of the registration process. The Memorandum outlines the company’s objectives, while the Articles of Association define its internal regulations and procedures. Seek professional assistance to ensure these documents are accurately prepared and comply with the legal requirements in Zimbabwe.

Share Capital and Shareholders

Determining the share capital and shareholders of your company is an important step. Share capital refers to the total value of shares issued by the company, while shareholders are individuals or entities who hold these shares. Consider the ownership structure, voting rights, and distribution of dividends when allocating shares to shareholders. It’s crucial to maintain detailed records of shareholders and their respective holdings.

Appointment of Directors and Company Secretary

In Zimbabwe, companies are required to have at least one director and a company secretary. Directors are responsible for managing the company’s affairs and making strategic decisions, while the company secretary ensures compliance with statutory obligations and handles administrative tasks. Ensure that the appointed individuals meet the eligibility criteria set by the Companies and Other Business Entities Act.

Tax Registration and Licensing

To operate legally in Zimbabwe, your company must register for tax purposes and obtain the necessary licenses and permits. Familiarize yourself with the tax laws and regulations to ensure compliance and avoid any potential penalties. It’s advisable to engage a qualified tax consultant who can guide you through the process and help you optimize your tax obligations. Let us help you manage your tax affairs. Contact us: +263716196475 | +263777069078

Employment Regulations

If your company plans to hire employees, it’s important to understand the employment regulations in Zimbabwe. Familiarize yourself with labour laws, minimum wage requirements, and employee benefits to ensure a smooth and compliant hiring process. Establish proper employment contracts and maintain accurate records of employee information.

Intellectual Property Protection

Protecting your intellectual property is crucial for the long-term success of your business. Registering trademarks, patents, and copyrights can safeguard your unique ideas, inventions, and creative works from unauthorized use. Consult with intellectual property professionals to navigate the registration process and ensure comprehensive protection for your assets.

Compliance and Reporting

Once your company is registered, you must adhere to ongoing compliance and reporting requirements. This includes filing annual returns, maintaining updated registers, and submitting financial statements to the relevant authorities. Failure to comply with these obligations can result in penalties or even the deregistration of your company. It’s wise to engage a consultant who manages your secretarial work : filing annual returns, maintaining updated registers, and submitting financial statements to the relevant authorities. Let us help you with all company secretarial work. Ring us on: +263716196475 | +263777069078

Conclusion

Congratulations! You’ve now familiarized yourself with the ultimate checklist for registering a company in Zimbabwe in 2024. By following these steps and ensuring compliance with the legal and regulatory frameworks, you’ll be on your way to establishing a successful business in this dynamic country. Remember, seeking professional advice and assistance throughout the registration process can significantly contribute to the smooth operation of your company.

 

SMEs in Zimbabwe: Unlocking Growth Opportunities in a Vibrant Economy

Introduction

Welcome to our comprehensive guide on small and medium-sized enterprises SMEs in Zimbabwe. In this article, we will explore the thriving SME sector in the country and discuss strategies to help your business outperform competitors and achieve top rankings on Google. By leveraging the unique opportunities available in Zimbabwe’s vibrant economy, you can propel your SME to new heights of success.

Understanding the SME Landscape in Zimbabwe

Zimbabwe, located in southern Africa, has a diverse and dynamic business environment, offering numerous opportunities for SMEs to flourish. The country has experienced significant economic growth in recent years, attracting both domestic and international investors. The entrepreneurial spirit is alive and thriving, with SMEs playing a vital role in driving innovation, creating employment, and contributing to the overall economic development of the nation. As on 2 June 2023, SMEs have contributed USD $8.2bn to GDP.

SMEs in Zimbabwe

SMEs in Zimbabwe

The Benefits of Operating  SMEs in Zimbabwe

1. Accessible Market

Zimbabwe boasts a sizable market with a population that is increasingly embracing the digital era. This presents SMEs with ample opportunities to reach and engage with potential customers. By implementing effective digital marketing strategies, such as search engine optimization (SEO) and targeted advertising, your SME can capture the attention of your target audience and drive organic traffic to your website.

2. Favorable Government Policies

The Zimbabwean government recognizes the importance of SMEs in stimulating economic growth and has implemented various policies to support their development. These policies include tax incentives, access to finance, and simplified business registration processes. By taking advantage of these initiatives, SMEs can reduce costs and streamline their operations, paving the way for long-term success.

3. Abundant Natural Resources

Zimbabwe is blessed with abundant natural resources, including minerals, agriculture, and tourism. These sectors provide ample opportunities for SMEs to thrive and contribute to the country’s economic diversification. By leveraging these resources and adopting sustainable practices, your SME can carve a niche for itself in the market and attract environmentally-conscious customers.

We help you register your SME in Zimbabwe, get in touch with us: +263716196475 | +263777069078. 

Register a company online today.

 

Strategies for Outranking SME Websites in Zimbabwe

Now that we have a solid understanding of the SME landscape in Zimbabwe, let’s delve into some actionable strategies that can help your website outrank other SMEs in the country:

1. Keyword Research and Optimization

Conduct thorough keyword research to identify the most relevant and high-volume keywords for your business niche. Incorporate these keywords strategically into your website’s content, meta tags, headings, and image alt text. By optimizing your website for targeted keywords, you can improve its visibility on search engine results pages (SERPs) and attract a steady stream of organic traffic.

2. High-Quality and Engaging Content

Craft compelling and informative content that resonates with your target audience. Focus on addressing their pain points, providing solutions, and delivering value. By consistently publishing high-quality blog articles, tutorials, case studies, and industry insights, you can position your SME as a thought leader in the market. Engaging content will not only attract visitors but also encourage them to stay on your website for longer, increasing the chances of conversion.

3. Mobile-Friendly Design

Given the increasing use of mobile devices for internet browsing, it is crucial to ensure that your website is mobile-friendly. Optimize your website’s design and layout to provide a seamless user experience across all devices. A responsive website that loads quickly and offers intuitive navigation will not only enhance user satisfaction but also improve your search engine rankings.

4. Backlink Building

Develop a robust backlink profile by acquiring high-quality and relevant backlinks from reputable websites. Collaborate with industry influencers, participate in guest blogging, and engage with your target audience through social media. Backlinks act as a vote of confidence for search engines, signaling the credibility and authority of your website. By earning authoritative backlinks, you can significantly enhance your website’s ranking potential.

5. Local SEO Optimization

For SMEs operating in Zimbabwe, optimizing for local search is crucial. Ensure that your website is listed on online directories, such as Google My Business, Bing Places, and local industry-specific directories. Consistency in your business information (name, address, and phone number) across all platforms will help search engines associate your SME with the local area, improving your visibility for location-based searches.

Conclusion

Congratulations! You now have a comprehensive understanding of SMEs in Zimbabwe and how to outrank other websites in the country’s competitive market. By implementing effective SEO strategies, producing valuable content, and leveraging the unique opportunities available in Zimbabwe, you can propel your SME to the top of Google’s search results and attract a steady stream of organic traffic. Hire a Digital Marketing Consultant in Zimbabwe that can help you with upscaling your digital marketing.

Remember, success in SEO requires consistent effort and continuous adaptation to changing trends. Stay updated with the latest SEO practices and refine your strategies accordingly. With determination, creativity, and a focus on delivering value to your audience, your SME can thrive and achieve long-term success in Zimbabwe’s vibrant business landscape.

How to Succeed as a Startup

Introduction

 

Let’s  talk about how to succeed as a startup. The most important thing, the number one lesson we try to teach startups is that the degree to which you’re successful, approximates the degree to which you build a product that is so good. People spontaneously tell their friends about it. Startups always ask us for the secret to success, they always want to believe it’s something other than this, because this is really hard to do. But this is it. If you can build a product that is so good, people spontaneously tell their friends about it, you have done 80% of the work that you need to be a really successful startup. If you think about the most successful companies, you know, Google, Facebook, whatever, you probably find out about them. Because a friend of yours said, you got to try this. It’s great. So this is the bar, something that people love so much they tell their friends about it.

Easy to understand

One important indicator for a product like that is a product that’s simple to explain, and easy to understand. If you can’t explain in a few words, what you do. And if people don’t if at least some people don’t say, Oh, that’s pretty interesting. That’s usually a mistake. It’s usually a sign of unclear thinking, or a need. That is not big enough.

Exponential growth in market

 Another thing that start-ups need to look for, is a market that is either started to undergo or is soon going to undergo exponential growth. For those who need to know the recipe on How to succeed as a startup, here is it… I think this is actually related to one of the biggest mistakes investors make when evaluating start-ups. Investors always say, What’s your growth rate? We care about the growth rate. Investors will forgive smallish revenue today, if it’s growing quickly. For some reason, people don’t think about markets this way. But if you think about the most important start-ups, they are the ones that  start in small markets that are growing very, very quickly. 11 years ago, the market for iPhone apps is $0. It’s not huge. And I think if you only think about the TAM, today, you’ll make a big mistake, what you really want to do is identify a market that’s going to grow every year, and be able to ride that up elevator.

Real trends verse fake trends

A really important thing to figure figuring this out, is learning how to differentiate between real trends and fake trends. A real trend is something that’s actually going to happen and the fake trend is not or at least not yet. And before you make a big bet on a new platform, you want to make sure it’s real. Now there’s an easy trick for this, which I’ll share. Now, real trends are ones where a new technology platform comes along. And the early adopters use it obsessively, and tell the friends how much they love it. A fake trend is one where people may buy the product, but don’t use it. Or at least not enough. So an example of a real trend. I already mentioned the iPhone, I mentioned that again. When the iPhone first came out, many people were dismissive because they only sold a million or 2 million that year. And they said, well, this just doesn’t matter. But for the people that had an iPhone, they used it for hours every day, it became central to their lives, they loved it, they told their friends, you got to get one. And I think it was obvious then to people paying attention that something had fundamentally shifted.  And it was a good time to bet on mobile apps. A fake trend, or at least a fake trend as of August 2018, I would say is Virtual Reality, I do believe Virtual Reality will be big someday. But today, most people that I know that own a Virtual Reality headset, use it never or very rarely. And  so although a lot of people talk about it, and maybe even a lot of people by them, there’s not the intense usage per user among the early adopters that I think you want to see before you make a big bet.

Evangelical founder

 Another thing that start-ups need to be successful is at least one evangelical founder, usually the CEO, someone at the start-up has got to be the person that is going to recruit, sell the product, talk to the press, raise money. And this requires someone who can infect with enthusiasm, the whole world about what the company is trying to do. And someone who becomes the chief evangelist for the company. It’s very hard to succeed wildly.

Ambitious vision

Without that it’s very hard to build a team at all without being able to do that. One thing that helps for this is having an ambitious vision. You never want to be grandiose that turns people off. But you want to let yourself grow more ambitious over time. And as long as you do that, organically, people will respond. Ambitious visions are exciting. They’re fun to work on. In fact, I think in 2018, at least in Silicon Valley, it’s easier to start a hard start-up than it is to start an easy start-up. Now, that sounds paradoxical. But ambitious projects are interesting.

You know, in the current environment, it may be relatively easy to raise capital, but it’s really hard to do everything else. There are so many start-ups, it’s so easy to start one, they all sound so promising, that that bringing together enough talent in one organization is really hard to do. And if you’re working on a problem that you know, maybe modestly successful, it’s   kind of easy to get the first few people to join. You can give them a lot of equity. But then it gets really hard. Why is employee 20 gonna join? Why is this? Why does this matter to the world? Why should someone work on your start-up versus any of the other things they could do? And picking something that matters, if you’re successful is a great way to do that. And so, I think it’s really important to think about when you’re starting a company, how is this going to evolve into a vision that a lot of people want to help with, that a lot of people want to be associated with, because I think getting talent and getting mindshare is really hard in the current environment. And people are interested in start-ups  that matters.

Confident and definite view of future

 Another thing that we’ve noticed among our best founders again and again and again, is that they are have a confident and definite view of the future, they may be wrong. And so we say it’s good to be confident and flexible. But this idea that you are confident and definite, this is what I think is going to happen, or this is what is going to happen. And being relatively sure of that having courage of your convictions, being a clear leader saying we’re going to do this. And that’s why even in the face of a lot of doubt, that seems to really correlate with success.

Team

I’m not going to talk too much about the team. There are a lot of obvious things I could say, that had been said many times, by many people about you know, you need smart people who want to work really hard and who communicate well, these are all really true. But I’d like to mention a few non obvious things that we’ve noticed that we don’t hear people say as much about the team you need to assemble. Vinod Khosla says that the team you build is the company you build. And I really think that’s true. I’ve still met only a handful of founders, I think that spend enough time on recruiting like Mark Zuckerberg is famously one of them. But building a great team, I think other than picking the right market, and building a great product is the most important thing you do. All founders go through a transition all successful founders, where you switch from building a product, to building a company. And building a company really is about the team.

Legality & Formalisation

Over and above, your start up success is determined by how well you’re set up in terms of legality. You have to be a registered company that abides to the laws of the country(ies) you’re operating in. Check the government website on how to register a company. If you need to register a company in Zimbabwe, get in touch with us via the contact us page or by simply sending our support team a message via WhatsApp: +263716196475

Competitive advantage

Another thing that we think start-ups need is a competitive advantage over time. Now, this is something that sounds so obvious, I hesitated to even put it in. This is well discussed. But we’re seeing more and more start-ups apply to Yc. And when we ask them, so what is the long term monopoly effect here? What is the long term competitive advantage? What is you know, where is the network effect in this business? They look at us like it’s the first time we’ve ever they’ve ever heard this question. All of the really great businesses I know, have an answer to this question. And in fact, the better they are, the more they pretend not to. But this is something that you want to have a plan for.

Sensible business model

Another thing you want to have a plan for is at least a sensible business model. You don’t have to have it all figured out at the beginning. But when we ask founders, so how are you ever going to make money? And they look at us like it’s the first time they’ve ever been asked that question, which happens more often than you would think recently. That’s a bad sign too.

Business opportunities in Kariba Zimbabwe

Kariba dam has presented a lot of business opportunities that entrepreneurs can’t afford to miss. Especially the businesses in the tourism industry like recreational facilities such as hotels, restaurants, and bars. Wildlife safari’s to name but a few. Dam construction has created a lot of opportunities for the locals and businessmen to get involved in fishing, water sports, safari etc. The structure of the dam provides several recreational activities like fishing, canoeing, etc. This write up summarizes key business opportunities in Kariba Zimbabwe

Where exactly is Kariba Dam?

Kariba is located in Zimbabwe. The town of Kariba, which was originally built for the people that worked on the construction of the dam wall, is a small town in Zimbabwe that lies in the eastern end of the lake, near the dam wall. Kariba town is about 355km from Harare, the Capital of Zimbabwe. The own is connected with a tarred road from Harare. The road is good but it has a lot of meanders and steep slopes. Towns between Harare and Kariba are Chinhoyi, Karoi, Makuti and finally Kariba.

Business Opportunities in Kariba.

Kariba Dam is a world heritage site and one of the largest man-made dams in the world. Since the construction of the Kariba dam began, the region has witnessed an industrial boom. The dam serves as a major source of hydroelectric power for the landlocked countries of Zambia and Zimbabwe. There are several business opportunities that can be explored in this region.

  1. Cheap Lodges in Kariba

There are over 50 lodges in Kariba, which employ locals. These lodges come in different shapes and sizes, from small hotels to large resorts with conference facilities and swimming pools. There are also several guest houses around Kariba that provide accommodation for tourists and locals alike. Tamarind Holiday and Conference Resort have breakfast, Free Wi-Fi, Free Parking, an Outdoor pool, Bar, Restaurant, Room Service, Accessible for handicapped people, Business Centre and neat rooms. 

Business Idea:

Kariba is one of the most visited tourist sites in Zimbabwe. The dam attracts visitors from all over the world who come to enjoy the beauty of this magnificent site. There are several lodges around the Kariba Dam that offer accommodation for visitors. The lodges can be used as a business opportunity for those who want to earn money from tourists visiting this scenic place. There are many lodges in Kariba that offer accommodation for tourists and business travellers. There are also opportunities for investors that want to start a lodge or manage one. If you are looking for a holiday destination where you can relax, unwind and explore the natural beauty of Zimbabwe then Kariba could be the right place for you.

2. Fishing in Kariba

Kariba is a fishing town as well as a tourist destination for people who love nature and are looking for adventure on the Zambezi River. Many people visit Kariba to enjoy the thrill of fishing for Tigerfish or bream out of canoe or boat on the mighty Zambezi River which forms one of the largest dams in Africa – Lake Kariba. Fishing on Lake Kariba can be done from shorelines or boats/canoes/kayaks depending on weather conditions or personal preference. From the fisheries, people can buy fish in bulk and resale to other towns. Types of fish from Lake Kariba include Matemba fish, breams, and tilapia. There is great business potential for businesses in the upper and lower part of the fishing value chain. How about partnering with the fisheries to supply them with packaging slips, fishing hooks or fishing nets?  There is big business for fishing accessories in Zimbabwe that include but not limited to:fillet Knives and Tables, salt water accessories, rod holders and hacks, tools and pliers, fishing reels, fishing line, hooks and weights.

3. Transport Business in Kariba

The main highway from Harare to Kariba is a tarmac road and is in good condition. This makes it easier to travel between the two cities. The distance between Harare and Kariba is approximately 355km (186 miles).Although there are public buses from Harare to Kariba, the tourists would like to hire a car of their own or travel as a group. Hiring out cars is thus one of the big businesses that you can do in Kariba. It is a busy town with many people working in the tourism industry. If you are looking for a business that can be done from your home, then you should consider starting a transport business in Kariba.

You can also offer transport services to tourists who want to travel from one place to another in Kariba.

The tourist attractions around Kariba include:

– The Victoria Falls, which is a beautiful waterfall on the Zambezi River

– The Chikaranga / Chinhoyi Caves, which has two caves with an underground river running through them

– Game viewing in Matusadona Game Park -, which is home to several species like giraffes, wildebeest and elephants

There are few companies that offer car rental services in Kariba. Here is an example of a car hire service you can do;

1)Get a catchy business name for your business. Example: The Best Car Rental – This company offers both private cars and minibuses for rent at an affordable price. Make sure your vehicles are well maintained and come with air conditioners and GPS systems. Also have drivers who will drive guests around the town if they do not want to drive themselves or if they are not familiar with driving around Kariba. The company can provide airport transfers, airport parking and other transport services for tourists visiting Kariba. Be acquainted with the airport schedule since there are flights to Kariba.

Harare Kariba Flights

Wondering if you can fly from Harare to Kariba? Kuva Air plies the Harare-Kariba-Victoria Falls route three times a week on Mondays, Wednesdays and Fridays. Check full article here…

 

4. Souvenirs Business Opportunity

Another business opportunity in Kariba that can be done in this area is selling souvenirs such as clothing, foodstuffs, crafts etcetera. The best part about this is that it requires no investment. You only need to have a shop space or booth where you can sell your products and services. Souvenir sellers are usually found in tourist areas where people come from all over the world to visit beautiful places like Kariba Dam. This makes it a perfect place for these sellers to sell their products because there are many tourists who will be visiting Kariba Dam and who would want to buy souvenirs from this place. You can also consider selling local crafts especially if you are an artist or craftsperson. If you have a skill like carpentry you can offer your services to the local community. You can also start an online business where you sell products online through Amazon and eBay.   Solicit the assistance of the best digital marketers or website designers such as City Cloud to help you set up an online shop for your business. Check free videos on Youtube on how to create a website on your own.

5. Tuckshop Business in Kariba.

There are few supermarkets in Kariba. Starting a tuckshop can be ideal to cover the gap.You can rent a shop from the council or any organisation. You need to be registered with the council and have all your licensing sorted out before you open your business.You will need to stock up on some basic items like milk, eggs, bread and meat and then you can start selling them at a reasonable price. If you want to earn more money you should add other items such as frozen foods, chips etc..You can start small and slowly expand as you get more capital.This is one business that can be done from home. You don’t need to rent a shop, you can start with just a little space and grow from there.Tuckshops are not limited to selling food items only, it also sells drinks like tea, coffee, juice and soft drinks etc. Here is a full guide on how to start a tuckshop business in Zimbabwe. 

To sum up, Kariba business opportunities have got the potential to change people’s lives for the better if one is prepared to go all out. The main challenge that one may encounter in Kariba is that finding a good location for his/her business project may be difficult at first. This means that scouting for locations takes time and effort. But with a team to help you out and a good plan, you can stand to reap good returns on any investment made in Kariba.There are so many opportunities in Kariba that you would need to invest your whole life there before you run out of them. A tourist will easily find something to do there every day. That is why Kariba is a favorite for local tourists and for expats alike. It is an ideal tourist destination and a good place to invest your hard-earned money.

Other facts about Kariba

  • The business has since shifted from Kariba Heights to Nyamhunga township…
  • All banks and other major businesses are in the ghetto.
  • Major businesses are: Lodges,  fintechs (banks, no microfinance institutions so far).
  • Network coverage very efficient – when using NetOne.
  • Residential stands still few…
  • Population is a bit small, most are tourists who frequent the area.

Activities in Kariba

Kariba Dam view

One can get a panoramic view of Kariba Dam from Observation Hill located close by. This hill offers stunning views of Lake Kariba and its surroundings including the town of Kariba itself which lies on its southern bank. Visitors are encouraged to take photos at this vantage point before heading off on an adventure around Lake Kariba or back to their accommodation for lunch or an afternoon nap!

Boat cruise

A boat cruise around Lake Kariba will allow you to see other islands on Lake Kariba. The boat ride is excellent value for money and a great way to see crocodiles, hippos and birdlife close up. You can also visit the crocodile farm where they have some tame crocs you can feed with meat from the counter.

 

Safari Areas Around Lake Kariba

Matusadona National Park

Just west of Kariba Dam wall is the Matusadona National Park. It has different ecological zone which include the area along the shoreline of Lake Kariba, the Zambezi Valley floor, and the escarpment which is a woodland area. During Operation Noah, much of the rescued wildlife found refuge in this area, and by 1963, Matusadona National Park was declared a game reserve. The rejuvenative grass found along the shoreline is a great source of food for buffalo, kudu, waterbuck, zebra and impala. The healthy population of these and other game makes it a good home for predators such as lion, cheetah and leopard on the land, and crocodile in the shallows of the lake. Like Matobo Hills, Matusadona is an Intensive Protection Zone, being home to relocated black rhino. The easiest way to access the park is by flying to Kariba town or Bumi Hills, then taking a boat into the reserve.

Chete Safari Area

Upstream from Matusadona National Park is the Chete Safari Area. This hilly and rocky area is difficult to access by car or game vehicle. Chete is actually a controlled hunting area, done by boat, vehicle and on foot.

Islands of Kariba

Lake Kariba has several islands both on the Zimbabwean and Zambian side of the border, which make for idyllic getaways, staying at beautiful island lodges or safari camps with vast scenic views of the lake. The islands include Maaze Island (Zambia), Mashape Island (Zambia), Chete Island (Zambia), Sekula (Zambia), Sampa Karuma (Zimbabwe), Fothergill (Zimbabwe), Spurwing (Zimbabwe), Starvation Island (Zimbabwe), Antelope Island (Zimbabwe), Bed Island (Zimbabwe), and Chikanka (Zambia).”

Towns Around Kariba

The town of Kariba, which was originally built for the people that worked on the construction of the dam wall, is a small town in Zimbabwe which lies in the eastern end of the lake, near the dam wall. Binga is on the western side of the lake, closer to the Victoria Falls and Hwange National Park.

Siavonga is on the Zambian shore of Lake Kariba, and this town has grown to be the tourist capital for Kariba on the Zambian side. Together with Sinazongwe, Siavonga was created for the displaced Tonga people who were made to move for their safety as the waters of the Zambezi were expected to flood their villages. Sinazongwe was set as the administrative capital, just 3.5hours from Livingstone town, and 3.5 hours from Lusaka. Sinazongwe is to Binga what Siavonga is to Kariba town.

“The Zimbabwean side of the lake has about 1 000km of shoreline and a number of islands. Elephants can often be seen swimming between the islands and the shore, a sight so typical of Lake Kariba.”

Having read the guide and considering starting up your own business in Kariba, we recommend you to check this step by step guide in starting a business in Zimbabwe.

How to start an ECD or Creche in Zimbabwe

How to start an ECD or Creche in Zimbabwe

Here is step by step guide in starting an ECD /Creche day – care center in Zimbabwe. 

If you like taking care of the young ones, you can make extra dollars by making use of your empty space at home by starting an ECD /Creche day – care center in Zimbabwe. A you expand, you can consider rented premises. When parents choose a daycare for their children, they look for a place that will enrich and keep their children safe during the day. While your daycare may have those qualities, without the right advertising and marketing, it will go overlooked.

ECD or Creche Students

ECD or Creche Students

You might try a few new strategies to catch the attention of parents and attract new clients to your daycare.

Register your ECD.

Check the registration requirements here…
It is mandatory to register an ECD .There are some requirements needed to register an ECD .These include but not limited to
1.Permission from Local authority to establish an ECD centre
2.Health certificate
3.Memorandum of understanding
4.Proposed names of the ECD centre
5.Physical address of the ECD centre
6.Area to be served by the ECD centre
7.Number of pupils to be enrolled on opening of age and ranges note : one teacher to 20 pupils
8. Name and qualification of teachers to employed
9.Medical certificates plus x-ray is a mandatory since you will be dealing with kids and health status of staff needs to be known
10.Floor plan and house plan
11.Title deeds or lease of agreement
12.Indoor play space area 1:2,25 square meters per child .Age appropriate furniture
13. Outdoor play space 1:5,5 square meters per child
14. Toilets closets 1:2
15.Wash basins

From the data we have gathered, the average startup cost for a daycare centre in Zimbabwe is $1000 to $2500.This can vary widely depending on whether you are opening a home-based daycare center or leasing a separate facility for your care centre .If don’t have $10000+in  bank  account  ,they don’t worry.

Ten tips to start an ECD or Creche in Zimbabwe and be successful :

1.Keep your environment safe and clean-Keep all doors secure .Ideally , have a code available only to parents and staff .Change it regularly.Ensure windows are securely fastened.All stairwells should be gated .Staff and children should wash hands throughout the day..This is especially true before meal times and after diapering /restroom use.Disinfect toys daily.Schedule a time so this task  is not forgotten  .Have a clear routines incase of emergency.
2.Make consistent policies- Clearly outline your policies to protect your business and address parent concerns.Maintaining a regularly updated  parent handbook can make your childcare center stand out  from others.Before enrolling , have parents review and agree to the policies listed in your handbook.Your can also add  your own unique policies .Consider addressing policies about ;hours of operation daily schedule
-displine
-food and nutrition
-sick-child
-feeding
-curriculum {[ more on this later}
-safety/cleanilises
-sleeping
-pick -up{who can pick-up the child ? how do you verify identity
-parent communication
-fees and payment
-immunisation
-program closing
-emergencies
3 Invest in training of your staff – babies and toddlers needs consistent , predictable care.For this reason , parents prefer childcare centers with low turnover.Invest training and resources in your staff.Treat them as respected ,appreciated professionals by ;recognizing and rewarding success and hard work
-providing support amd extra help when its neede
-holding a staff appreciation day/ week
-including staff in your vision goals ,  policies
-building relationship goals
4 Develop a curriculum – parents want to know that their children aren’t watching tv or sitting around all day.Young children need active play , stimulation , and learning .Think about programming and your daily schedule .
5. Communicate – to maintain and continue boosting enrollment , communication is key.Parents want to know what their child is up to throughout the day.Some daycare centers even have apps that allow them to share  information about meals, naps , and activities in real time.
Ten tips to manage a creche
1. Have clear policies and follow them-running successful daycares starts with having a clear set of policies .These policies need to apply to both children and parents .
2. Don’t take your friends and family kids- family and friends may expect special treatment regarding your policies .Avid this situation entirely and keep your business professional
3.Always ask for parental feedback-the most successful day care have  myriad of reviews  available on google
4.Have a social media presence – when you are  trying to look up local business information , what is one of the most common places you stop? Get assistance with professional social media management from City Cloud. Check their services here
5.Add value with unique services- look around at your fellow daycare providers to see what they offer .Various daycare centers may have their unique  take on the field.
6. Having a properly trained staff who believes in your vision-child care  businesses may be encouraged to save money by hiring staff that lack experience. However you run the gp of having an educational gap and safety exposures in this case.
7. Don’t forget to take a vacation-business owners who handle their own time typically forget that managing daycares can be an exhausting experience.
8.Simply the business side of things-many times  the business side of daycare can prevent owners from properly focusing.
9.Try to be flexible (within reason)-your parents will appreciate flexibility in their day cares , as some situations may prevent them from arriving on time.
10.Change upfront-while we hate to see it , there is always a chance for flaky parents  who won’t pay you.If they can get a month of free day care out of you straightforward for them to vanish

What’s stopping you from fulfilling your dreams and aspirations? Imagine being your own boss, being able to play an integral role in the development of your beloved country, empowering families and communities through your hard work. The decision is up to you. You have the power to make it happen. Contact us today and we’ll help you register your ECD or Creche business today!