Harare takes US$500,000 hit after slashing business licence fees by 50 percent

HARARE – The City of Harare has slashed business licence fees by 50 percent, a move officials admit will leave a US$500,000 hole in the city’s revenue base.

Presenting the 2026 council budget on Thursday, finance and development committee chairperson Councillor Costa Mande unveiled a US$690.8 million spending plan — up 19 percent from this year’s budget.

Mande said the fee cuts were meant to make it easier to do business in the capital.

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