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!

Company Registration in Zimbabwe

What is Company Registration in Zimbabwe?

Company registration in Zimbabwe is the process of incorporating (registering) a business in Zimbabwe either as a Private Limited Company (PLC), Private Business Corporation (PLC) or any other business entity as stated in the Companies and Other Business Entities Act (Chapter 24:31). When a company is incorporated, the business becomes a separate legal entity; separate from its owners. The business becomes an individual ‘person’ in the eyes of the law. Essentially, this means that the company is completely separate from its owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets.

Benefits of registering your own company

  1. Limited liability
  2. Legitimacy and brand awareness
  3. Easier to raise capital
  4. Supplier arrangements
  5. Low Tax Liability
  6. Business continuity

Our Company Registration in Zimbabwe service

Types of companies

They are quite a number of companies but the two most popular companies you can register in Zimbabwe are a Private Limited Company and a Private Business Corporation.

Private Limited Company (PLC)

A Private Limited Company is the most common company structure in Zimbabwe.Private limited company is a type of organisation you can set up to run your business.Company ownership is split into shares owned by shareholders.A company must pay corporation tax out of any profits and can then distribute the remaining profits among shareholders.
Private Limited Company requires at least 2 directors and a maximum of 50 directors and also limits the number of shareholders to 50.

Private Business Corporation

A Private Business Corporation is an alternative company structure to a private   limited company that is registered with the Companies registrar of companies in Zimbabwe- through the process of incorporation.

Requirements for company registration in Zimbabwe

There are 4 requirements when registering a company in Zimbabwe:
  1. Company name – should not be similar to an  already registered company, or which is so similar to any such name as to be likely to deceive, is likely to mislead the public, is blasphemous or indecent or likely to cause offence to any person or class of persons, suggests patronage of the Government or some other authority or organisation unless the consent thereof has been obtained, is undesirable for any other reason.
  2. Director’s information – Name(s) and surname as shown on government issued identity documents, national identity number/passport number, official address and former names. This information is shown on the CR 6.
  3. Shareholders information – name(s) and surname as shown on government issued identity documents and official address. This information is shown on the Memorandum and Articles of Association.
  4. Company objectives: These are the commercial activities the company is going to run the business. A company can have as many company objectives as they require. Sample objective can be farming, mining et..c.

Procedure for company registration in Zimbabwe

There are five important steps to the initial company registration procedure in Zimbabwe which include:

1.Name Search and reservation

With us,  you have to give us 5 proposed name and the one which is approved will be the name of the company. This can be done within 24 working hours with the approved name being reserved for up to 3 weeks from the application date. You can however further reserve the company name if it has expired.
2.Appointment of company directors
This is done through the CR 6 form  and is usually prepared by your consultant. A director should be above the legal age of 16 years, and at least one being ordinarily a resident of Zimbabwe. The individual must also not have been previously disqualified from acting as a director or bankrupt.
3.Appointment of company secretary(s)
This is also done through the CR 6 form .A company secretary should be above the legal age of 16 years, and ordinarily a resident of Zimbabwe. The individual must also not have been previously disqualified from acting as a company secretary.
4.Registering of company addresses
This is done through the CR 6 . The addresses should be a physical address which should be a Zimbabwean address, postal address and email address.
5.Company incorporation
The official company registration documents are submitted at the Companies Registry for incorporation. This is done only through a registered consultant, registered with the Deeds, Companies and Intellectual Property by (DCIP). After successful submission of the registration documents at the Companies Registry, the company is incorporated.

Documents you receive after registering a company in Zimbabwe.

The company documents you will receive will differ with the type of company you choose.
For a Private Business Corporation you will receive the following documents:
  • Certificate of incorporation – a legal document issued by the Registrar of Companies showing that your company has been approved
  • CR 28
For a Private Business Corporation you will receive the following documents:
  • Certificate of incorporation
  • CR 5 (Former CR 6) – List of company addresses
  • CR 6 (Former CR 14) – List of company directors
  • Memorandum of Association –  a legal statement signed by all initial shareholders or agreeing to form the company. It also shows the businesses objectives.
  • Articles of association – written rules about running the company agreed by shareholdeor guarantors, directors and the company secretary

Company registration prices in Zimbabwe

Our company registration prices .
  • Private limited company for $150
  • Private business corporation for $120
  • PRAZ for $120
  • Change of directors from $70
  • Tax clearance for $80
  • Name search for $10

Tax clearance

The law requires that a company registers with the Zimbabwe Revenue Authority (ZIMRA) within 30 days of starting to trade. Once you register, you will be issued a tax clearance.

Trade name registration

After registering your company, you may wish not trade with your official company name for different reasons. You can use an assumed name popularly known as a trade name. However, since the introduction of the Companies and Other Business Entities Act (Chapter 24:32) all trade should also be registered.

Our bank account opening service

Key authorities and legislation to be aware of:
The main corporate legislation in Zimbabwe is contained in the Companies and Other Business Entities Act (Chapter 24:31). The company should also be aware of the following local authorities when doing business in Zimbabwe.

Set up for success

Zimbabwe might be facing economic challenges but take note that Zimbabwe is one of the easiest countries to start up a business. Better still, it helps to work with a trusted partner that has in-depth knowledge of Zimbabwe’s regulations to help smooth flow of your company registration process whilst you focus on your business.

Talk to us

Company registration in Zimbabwe  can help you navigate all corporate secretarial hurdles. Whether you are registering a company in Zimbabwe or something else, Company Registration in Zimbabwe has a team of gurus with extensive local knowledge covering business establishment, corporate secretarial, tax compliance, advisory and other regulatory requirements.
How can we help you?
To discuss how Company Registration in Zimbabwe can help you with registering your company, call, WhatsApp, text or complete our contact form  and one of our experts will contact you.
Call
Mob: +263716196475
Mob: +263777069078

How to apply and win tenders in Zimbabwe this 2024

01


INTRODUCTION

How to apply and win tenders in Zimbabwe this 2024

Here is a step to step guide on how to apply and win tenders in Zimbabwe this 2024. This is what they will not teach you in college or any school of business. To apply and win tenders, just make sure: you have a registered company, a valid Tax Clearance Certificate, PRAZ certificate, NSSA certificate, a vendor number, a detailed company profile, signed recommendation letters and follow the few other tricks that we’ll layout in this guide. Applying and winning tenders is as easy as copy and paste.

What is a tender?

In the first place, you may wanna know what a tender is? In simple terms, a tender is a formal request by a certain company to get a specific supplier to carry out a specific task or deliver certain goods , at a stated place and within a specific time frame. Please take the word specific time frame religiously! Most companies do not win tenders simply because they do not state their delivery period. Go through this document so you can learn how to apply and win tenders in Zimbabwe.

How much can I get from a tender?

By no doubt, a tender means big money! Whilst there is no specific amount of how much you can earn from winning a tender, be guided accordingly by these minimum thresholds:

(i) Goods- USD 10 000 or equivalent at bank rate.

(ii) Services – USD 5 000 or equivalent at bank rate.

(iii) Works (such as renovations, construction) USD 20 000 or equivalent at bank rate.

This is in accordance with the Procurement Regulatory Authority of Zimbabwe (PRAZ). The amount you can get if you apply and win a tender differs. Some tenders may give you upto USD 100m. At some point, you can win a tender for supplying say stationery or toiletries for the whole year. Imagine supplying toiletries to Zimbabwe Electrical Supply Authority (ZESA) or supplying stationery to NetOne. Winning a tender means big money!

Where to get tenders?

Approximately, hundreds and hundreds of tenders are being flighted on the local press. Most of them are flighted in the Sunday Mail, Thursday Herald or Financial Gazette. Those willing to apply for government tenders, you can check the Government Gazette as well. Due to technological advancements, you can also get tenders from corporate websites, other tender-listing websites like: www.tendernoticeboard.co.zw or https://tendertube.co.zw/ etc. To check tenders on a company website, just type the name of the company + tenders. Example: Zinara Tenders or POSB tenders. Other companies are just putting a very short advert in the press and share a link to their website for full details.

POSB Tenders

02


STEPS TO WIN A TENDER

What are the steps in applying for a Tender?

To apply and win tenders, you have to:

(i) thoroughly read the tender and see if it’s applicable to your line of speciality. Some tenders maybe marked as domestic tenders and that means the tender is open to the residents of that specific region only. For example, Buhera Rural District council can flight a domestic tender that is limited to Manicaland Province companies only.

(ii) check if the tender is still valid and whether you can or cannot meet the delivery period. If you come across a tender with a tight deadline that you cannot meet, you better leave it. We however advise you to try all the possible means to increase your workforce, capital or any other economic resource in the short run so you can deliver.

03


INTRODUCTION

Documents required to apply and win tenders.

Here is a list of the documents that will be required when applying for a tender in 2024. Note that this list shares the common documents that are requested. At some point in time, there may be extra documents required or some documents we have listed below may not be required.

1. Company registration documents

These documents are a prerequisite when applying for a tender. They include Certificate of Incorporation, CR 5, CR 6, Memorandum and Articles of Association. Companies that were registered before February 2020 may show CR 6 and CR 14 instead of CR 5 and CR 6 respectively. Of you do not have Company Registration documents, please get in touch with us :+263716196475 | +263777069078. Check more about why you must register a company here… We advise you to make sure that all shareholders and directors’ details are upto date. Should you need any changes to your company registration documents, please get in touch as well.

2.Tax Clearance Certificate

This is another prerequisite when applying for tenders. A tax clearance certificate shows that you are paying your taxes to the government. If you don’t have a Tax Clearance Certificate, it means you will lose 30% of your earnings as Withholding tax by the government. Example, you wanna sign a deal of 100 000 but you do not have a Tax Clearance Certificate, it means you’ll lose $30 000. In most instances, you’ll lose the deal entirely of you do not have a tax clearance certificate. If you do not have a tax clearance certificate, please get in touch with us so we can process one for you. Remember to check our document on how to obtain a Tax Clearance Certificate in Zimbabwe…

3.Business bank account

This is where your funds will be deposited once you win the tender. At no point in time will a tender be awarded to a company without a bank account. Check out how you can open a corporate bank account in Zimbabwe here. Make sure you type the correct account number and branch codes when applying for a tender. Mistakes are costly. Do things right at the first time.

4. PRAZ Registration.

The Procurement Regulatory Authority of Zimbabwe (PRAZ) is the arm of the government that governs how tenders are flighted, selection process etc. When applying for government tenders, PRAZ Registration is a prerequisite. Register for PRAZ here…

5. Vendor Number

If you want to apply and win tenders from the government, you are obliged to have a vendor number. You maybe wondering what a vendor number is? It’s a unique code, usually 5-digits that you’re assigned by the Ministry of Treasury. It’s use of for you to get paid by the Ministry of Finance whenever you have supplied something to the ministry. We covered the vendor number application process on this blog.

6. Detailed company profile.

A detailed company profile helps you stand out from the crowd! Make sure you keep your Company profile updated to reflect the requirements of the specific tender.There is no one size fits all in business. What must be included in the company profile: Company name, physical address, phone numbers, email address, list if products and services on offer, key projects you have done, details of key personnel and their qualifications, payment details (bank account, branch code etc). Make sure you document whatever is necessary as per tender requirements. The art of winning tenders is by following instructions like you’re carrying arm orders. In case your company profile is not updated, get in touch with City Cloud Private Limited. They’re the best web and graphic designing agency we have dealt with so far.

7. Trade references.

From our experience, to apply and win tenders, you must have trade references that are signed and stamped. Trade references serve the purpose of making sure you have supplied the same items before. They help you become more authentic and increase your chances of winning the tender. Make sure the contacts on your trade references are reachable.

8.NSSA Certificate:

A NSSA Clearance Certificate is a certificate issued by the National Social Security Authority [NSSA] to registered employers liable for NSSA contributions, under any of the Acts administered by the National Social Security Authority. The certificate is issued upon request from employers whose contribution accounts are up-to-date or has made alternative debt settlement arrangement with NSSA.

 What are the benefits of NSSA Clearance Certificate?

NSSA Clearance Certificate is required when bidding for tenders.

It acts as an assurance that, the trading partner’s employees are adequately covered by social security schemes as enshrined under Section 12 of the Accident Prevention & Workers’ Compensation Scheme SI 68 of 1990.

A NSSA Clearance Certificate is a pre-requisite when applying for licences issued by local authorities.

Business counterparts have confidence in doing business with companies who are compliant to statutory obligations

What is required to obtain a NSSA Clearance Certificate?

The Employer’s account must be up-to-date in terms of contributions & premiums.

Employers with outstanding legacy debt, must make alternative debt settlement arrangement, approved by NSSA.

The Employer must furnish all statutory returns particularly P4 return or make satisfactory arrangements with NSSA for the furnishing of such returns.

Contact our team if you need assistance with NSSA Certificate: +263716196475 | +263777069078

9.Bid Security

It is also known as a bid bond. This is a refundable fee that you pay as a security. This is done to avoid suppliers who win tenders and fail to deliver.The bid security shall be payable through the below options:

First Option…………. A certified bank cheque; or

Second Option………A bank guarantee from a commercial bank;

Third Option…………A cash deposit to the Procurement Regulatory Authority of Zimbabwe (PRAZ) – If the third option is chosen, bidders must also submit proof of payment of non-refundable Bid Bond Establishment fees in terms of the section 90 part IV of the S. I 5 of 2018. The amount payable to PRAZ as non- refundable cash bid bond establishment differs. Any bid not accompanied by a Bid Security where this is a requirement of bidding, will be rejected by

the Procuring Entity as non-responsive.

10.Declaration of corrupt practises.

Most companies now require you to declare that you have not been involved in any corrupt activities and you’ll not even do so. A sample of a declaration of corrupt activities takes this form:

We at [your company name] do hereby declare that we do not egage in any corrupt activities.

Signed: [Company secretary or any other signatory]

Please note that most companies take the declaration of corrupt activities seriously and failure to declare that you’re corrupt means automatic disqualification. Make it a habit to include this even if it’s not mandatory.

The Government of Zimbabwe requires that Procuring Entities, as well as Bidders and Contractors,

observe the highest standard of ethics during the procurement and execution of contracts. In pursuit

of this policy: the Procuring Entity will reject a recommendation for award if it determines that the Bidder

recommended for award has, directly or through an agent, engaged in corrupt, fraudulent,

collusive or coercive practices in competing for the Contract or been declared ineligible to be

awarded a procurement contract under section 99 of the Act;the Authority may under section 72 (6) of the Act impose the sanctions under section 74 (1) of the Regulations; and any conflict of interest on the part of the Bidder must be declared.

Tender application checklist

Inorder to apply and win tenders, have a checklist so you will not ommit important items. Here is a checklist you can ammend to fit yours:

  1. Company Registration documents.
  2. Tax Clearance Certificate.
  3. PRAZ Registration
  4. NSSA Registration
  5. Vendor Number
  6. Check if you have FULLY signed the Bid Submission Sheet.
  7. Check if you have attached Proof of Payment for a Bid Security Fee.
  8. State bid validity and delivery period.
  9. Recommendation Letters.
  10. Any proof of being a member of a certain professional body.
  11. Detailed Company Profile.
  12. Declaration of corrupt practises.
  13. Business bank account.

Tenders are an opportunity for your company to showcase itself and to demonstrate that you have what it takes to be considered as a potential supplier. It is not easy to win a tender. However, with proper preparation, you can increase your chances of winning.

One of the main reasons why companies lose tenders is that they do not always meet the requirements set out by the client. To make sure that you get shortlisted for the next round, it is important that you understand what the client is looking for. This will help you to complete your proposal in a way that addresses the client’s needs and demonstrates how your company can meet their requirements.

This guide has given you all the steps of writing a successful tender application in 2024 and give you practical tips on how to write a winning proposal.We wish you all the best in your business.

Our contact details: +263716196475 |+263777069078 | [email protected]