ZIMRA Signs MOU with ZIDA

On 12 January 2024, the Zimbabwe Revenue Authority (ZIMRA) and the Zimbabwe Investment and Development Agency (ZIDA) signed a landmark Memorandum of Understanding (MoU) in Harare — a strategic agreement designed to streamline investor services, enhance policy alignment, and accelerate the ease of doing business in Zimbabwe.

This MoU establishes a One-Stop Investment Centre, where ZIMRA and ZIDA will collaborate on the integration of electronic systems, real-time information exchange, and investor support mechanisms. Key areas of focus include tax obligations, incentives, investor onboarding, and the formulation of investor-friendly policies.

OyOsCloud welcomes this development and fully supports the national drive toward a seamless, technology-driven investment environment. As a digital service provider aligned with ZIMRA’s modernization agenda, OyOsCloud offers tools that directly contribute to this vision, including:

ZIMRA-Compliant Fiscalization for only $12.50/month — ideal for new and existing businesses

WhatsApp-Based Services that support investor operations, such as the Domain Registration Bot, Taxi Booking via OyOsXi, and Real-Time Inquiries through our +263 771 111 333 chatbot

Automation and Digital Record-Keeping, reducing manual errors and speeding up compliance for businesses of all sizes

During the MoU signing, ZIDA CEO Mr. Tendai Chinamo emphasized the need for efficiency and data-backed decision-making in supporting both domestic and foreign investors.

“We are committing ourselves to higher standards. Most investor interventions involve tax obligations, and we will work closely with ZIMRA to provide insights that enable smooth entry and retention of investment,” he said.

ZIMRA Commissioner General Ms. Regina Chinamasa echoed these sentiments, noting that the partnership is a sign of transparency and proactive service delivery.

“We are committed to timely and accurate support for investors — before and after onboarding. This collaboration ensures we have the right data for compliance and policy refinement,” she said.

Theresa Machingura, ZIMRA’s Chief Legal Officer, also highlighted the significance of system integration in improving query resolution and investor protection. The ultimate goal, she added, is to ensure that “Zimbabwe becomes a destination of choice.”

As Zimbabwe pushes forward with investment-driven growth, OyOsCloud remains a digital partner of choice for entrepreneurs, SMEs, and large investors — simplifying compliance and automating business processes in line with national transformation goals.