DISTRIBUTED BY VERITAS
VERITAS MAKES EVERY EFFORT TO ENSURE THE PROVISION OF RELIABLE INFORMATION,
BUT CANNOT TAKE LEGAL RESPONSIBILITY FOR INFORMATION SUPPLIED.
Act No. 10 of 2005
Published in the Government Gazette on 24th March, 2006.
Commencement: 24th March, 2006.
ACT
To enable effect to be given within Zimbabwe to the Agreement for the
Establishment of the African Export-Import Bank and the Agreement
between the African Export-Import Bank and the Government of the
Republic of Zimbabwe concerning the Location of the Branch Office of the
African Export-Import Bank; and to provide for matters incidental to or
connected therewith.
WHEREAS the Agreement for the Establishment of the African Export-Import Bank
(hereinafter called "the Bank") was concluded on May 8, 1993, among certain African States
and International Organisations (hereinafter called "the Bank Agreement"), including
Zimbabwe, by virtue of which Zimbabwe became a member of the Bank;
AND WHEREAS by Article VI of the Bank Agreement it is provided that each member
State shall take all legislative action under its national law and all administrative measures as
are necessary to enable the Bank to effectively fulfil its purpose and carryout the functions
entrusted to it and that, in particular, it shall accord to the Bank, in its territory, the status,
immunities, exemptions, privileges, facilities and concessions set forth in the Bank Agreement;
AND WHEREAS by Article V of the Bank Agreement the Bank shall establish branch
offices in the territories of African countries selected by the Board of Directors of the Bank;
AND WHEREAS at the General Meeting of Shareholders of the Bank held at Abuja,
Federal Republic of Nigeria, on October 27 and 28, 1993, it was decided to locate the first
Branch Office of the Bank in Harare, Zimbabwe, at a date to be determined by the Board of
Directors;
AND WHEREAS the Board of Directors of the Bank at its 10th Meeting held on July 20,
1995, decided to open the Branch Office of the Bank in Harare, Zimbabwe, on July 1, 1996;
AND WHEREAS by Article V.4 of the Bank Agreement it is provided that the State in
whose territory a branch office is to be located shall sign with the Bank, and take all necessary
measures to make effective in its territory, an agreement regarding the location of the branch
office:
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