Zimbabwe Geography, Politics, Economy, and Culture

Zimbabwe is a landlocked country bordering South Africa, Zambia, Botswana, and Mozambique. The country has eight provinces and two major cities, Harare and Bulawayo. Its governing system is semi-presidential with a bicameral parliament for its legislature.

The country has undergone a rough political past with violence that sparked after elections in mid-2018, after military action aimed at removing its longest-serving president/dictator, Robert Mugabe. Once known as ‘the jewel of Africa’ for its highly productive agriculture, Mugabe’s tenure resulted in the cratering of the country’s economy with more than half its population living in poverty. As a result, there was a mass exodus of Zimbabweans to South Africa in search of a better standard of living.

More than half of Zimbabwe’s population is Christian while the rest of the population is unaffiliated. The major ethnic groups are the Shona and the Ndebele, which are also its official languages, while English is used for business. Zimbabwean culture is enshrined in traditional art incorporated in the ancient Shona sculptures.

Public Holidays

2021
April 2	Good Friday
April 3	Holy Saturday
April 5	Easter Monday
April 18	Independence Day
April 19	Independence Day observed
May 1	Workers’ Day
May 25	Africa Day
August 9	Heroes’ Day
August 10	Defence Forces Day
December 22	Unity Day
December 25	Christmas Day
December 26	Boxing Day
December 27	Boxing Day observed

Legal Entity Types

Limited Liability
Corporation
Partnership

Taxation

Corporate Tax: 25%
Income Tax (Lowest Marginal Rate): 0%
Income Tax (Highest Marginal Rate): 45%
VAT/GST/Sales Tax: 15% (standard rate), 0% (on selected items)

Available Banks

Merchant banks (Local Bank)
First Merchant Bank (Local Bank)
Trust Merchant Bank (Local Bank)
Universal Merchant Bank (Local Bank)
Development banks (Local Bank)
African Development Bank (Local Bank)
BancABC (Commercial Bank)
NMB Bank Limited (Commercial Bank)
CBZ Bank Limited (Commercial Bank)
CFX Bank, formerly CFX Bank (Commercial Bank)
Ecobank Zimbabwe (Commercial Bank)
FBC Bank (Commercial Bank)
Genesis Investment Bank (Commercial Bank)
Kingdom Bank Limited (Zimbabwe) (Commercial Bank)
MBCA Bank (Commercial Bank)
Metropolitan Bank of Zimbabwe (Commercial Bank)
Royal Bank Zimbabwe (Commercial Bank)
Stanbic Bank (Commercial Bank)
Standard Chartered Bank (Zimbabwe) (Commercial Bank)
Time Bank of Zimbabwe (Commercial Bank)
Trust Banking Corporation (Commercial Bank)
Zimbabwe Allied Banking Group (Commercial Bank)
Nedbank Zimbabwe Limited (Commercial Bank)
Metbank (Commercial Bank)
Steward Bank (Commercial Bank)
ZB Bank Limited (Commercial Bank)
Access Bank Zambia (Commercial Bank)
Barclays Bank (Foreign Bank)

Need more information about Zimbabwe?

Aadmi can support you with your expansion to Zimbabwe. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.