Zimbabwe National Chamber of Commerce

The Zimbabwe National Chamber of Commerce (ZNCC) is the primary business association in Zimbabwe representing enterprises of every size and kind throughout the country. ZNCC is an independent, voluntary, Non-profit-making organization and Non-political organization.

It is an organization that provides services designed to support its members in Business development. Zimbabwe National Chamber of Commerce is non-profit making membership based organization.

As an independent organization the Zimbabwe National Chamber of Commerce represents the interest of its members through lobbying, collaboration and facilitation.[4]

It provides a focus business empowerment as the engine for Economic growth and also encourages competitiveness in the market place through the promotion of organized business communities.

Zimbabwe Chamber of Commerce is a wing for other companies such as Micro finance houses like Inclusive Financial Services, FMC. As a chamber of Commerce these companies are bound to be in partnership with the ZNCC.

ZNCC is an apolitical, non-profit, membership-based business association which has a mandate to equip business with development opportunities. This achieved through lobbying, business advocacy, economic researches, information dissemination, collaboration and facilitation with all stakeholders, government and regional counterparts in light of economically empowering and resuscitating corporate and industrial Zimbabwe.

The Chamber is driven by a Secretariat through subcommittees, which provide the platform for members to contribute ideas on how the Chamber conducts its business. Currently the active subcommittees of the Chamber are:

• Advocacy Subcommittee
• Macro-Economic Subcommittee
• SME’s Subcommittee
• Finance & Administration Subcommittee
• Women’s Desk Subcommittee
• Trade Subcommittee
• ZNCC is also headed by a presidium which stands as follows:
• Mr Davison Norupiri – President
• Mrs Devine Ndhlukula – Vice President
• Mr. Louis John Herbst - Matabeleland Vice President
• Mr Christopher Mugaga – CEO

2019 Mashonaland Region Annual Business Awards (29 March 2019)

On Friday 29 March 2019, ZNCC Harare Branch successfully held the 2019 Mashonaland Region Awards at Cresta Lodge, Msasa in Harare. The event was graced by Rwandan Ambassador to Zimbabwe His Excellency James Musoni, Hon Minister of Industry and Commerce Mangaliso Ndlovu and senior captains of the industry. The Awards ceremony saw various companies and individual walking away with prestigious awards and these include among others; Dr Oliver Mtukudzi – Lifetime Achievement Award (posthumously), Cottco – Exporter of the Year and Most improved exporter of the year in the Agriculture Sector, Cassava Smartech – ICT Innovation Award and Sustainability Award, Eugene Peters of Spidex Media – Young Entrepreneur of the Year, Veronica Gwatiringa of Zimbabwe Garden Seeds – Businesswoman of the Year, Regis Saruchera of Grant Thornton – Businessman of the Year among others.

ZNCC Midlands Chapter on Monetary Policy Statement, State of the Economy and Tax Implications from Fiscal Policy (March 15, 2019)

The Chamber’s Midlands Chapter on March 15, 2019 hosted a business dinner at Gweru’s Suburban Lodge where they deliberated on pertinent issues specified in the Monetary Policy gazetted on the 20th of February 2019 by the Central Bank Governor Dr John Mangudya. Speakers at the event included RBZ and ZIMRA officials who were invited to make presentations and to demystify any business concerns raised by the business community that was in attendance.

ZNCC Vice President Dr T. Manzungu made a presentation on the ZNCC’s perspective on the Monetary Policy and how it was going to impact the business community. In his presentation, he covered a number of issues including establishment of an Inter – Bank Foreign Exchange Market. ZNCC noted the move by the Central Bank as commendable as it allowed the market forces to determine the exchange rate. It also meant that businesses could now make use of the Foreign Exchange Market to acquire foreign currency for importing raw materials for production.

On Local Settlement of Nostro FCA Transfers; ZNCC perceived the development as favourable for business as it made it easy for businesses to transact using foreign currency through formal channels. The move would also help preserve value for businesses given that there is no need to convert foreign currency receipts into RTGS dollars.

RBZ’s presentation highlighted the major objectives of the 2019 Monetary Policy such as the establishment of inter-bank foreign exchange market to restore competitiveness and promote growth; correcting price distortions in the foreign exchange as well as goods markets; as well as aiming to improve export competitiveness through sale of export proceeds at market determined rates.

ZIMRA presentation highlighted a number of fiscal issues such as the Employment Tax Threshold reviewed upwards from $3600 to $4200/ year ($300-$350/month); Tender Tax Clearance issues as well as Transfer Pricing Penalties.

Zimbabwe – Belarus Business Delegation (22 – 28 April 2019)

Following the signing of the MOUs between ZNCC and Belarus Chamber of Commerce and Chamber of Commerce of the Russian Federation, ZNCC has been in discussion with the Belarus Chamber of Commerce in connection with Belarus Business Mission to Zimbabwe. The delegation which constitute more than 20 Business Executives will be visiting Zimbabwe from 22 April to 28 April 2019 during the ZITF week. The Belarus delegation will be coming to explore investment opportunities in Zimbabwe and a Zimbabwe-Belarus Business Forum will be held in Bulawayo on Thursday 25 April 2019. The forum will constitute Business to Business meetings. Expected delegates to attend include; government officials; investors, business and diplomatic society; civic society and academia.

2019 ZNCC Annual Congress (26 – 28 June 2019)

The ZNCC 2019 Congress will be held at the Elephant Hills Resort, Victoria Falls, Zimbabwe from 26 - 28 June 2019 under the theme: “Expanding horizons: Dynamic solutions for Economic Turnaround.” We expect our Congress this year to host international delegations from Russia. Other expected delegates to attend this years' Annual Congress include representatives from SADC and 21 member States of COMESA. There will also be a business-to-business (B2B) session; where views on selected economic sectors will be exchanged among delegates. Resolutions emanating from the discussions will be presented as input into policy formulation for improving the business environment to foster economic growth.

The Chamber is established for the purpose of in developing, promoting, and lobbying for its members and the local business community through :-

• Advancing economic progress through the creation of good climate for business.
• Developing and enhancing business entrepreneurship.
• Identifying, promoting and servicing the interests and needs of the membership
• Representing authoritatively and independently the views of business to local and national authorities.
• Disseminating relevant information to members on local and international markets.
• Collaborating with other national organisational with similar objectives such as trade organisations, sister Chambers, and other BMOs.

• Public Sector Agencies
• Public Sector Organizations
• Nonprofit Organizations
• Companies of Zimbabwe
• Government of Zimbabwe

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