Africa Export-Import Bank (Membership of Zimbabwe and Branch Office Agreement) Act, 2005 and other documentary taxes, heretofore levied or hereafter imposed in the territory of the Republic of Zimbabwe. 5. No direct or indirect taxes shall be levied by the Government or any authority in the Republic of Zimbabwe on or in respect of salaries, emoluments, indemnities and/or pension paid by the Harare Branch to the Executive Vice-President, officers and employees of the Bank and consultants and experts performing missions for the Harare Branch. 6. Articles imported or exported by the Harare Branch for official purposes shall be exempt from customs and other levies, and from prohibitions and restrictions on imports and exports. Such articles may include, but shall not be limited to, materials necessary for the construction of the Branch Office building, motor vehicles and automobiles required for official purposes of the Harare Branch, publications and office furniture, equipment and materials; it being understood that the disposal or re-exportation of imported articles shall be subject to the same conditions as are applicable to diplomatic missions or other international organisations. 7. The Government shall grant exemption in respect of allotments of petrol or other required fuels and lubricating oils for each vehicle or automobile operated by the Harare Branch or its personnel in quantities prevailing for diplomatic missions or institutions of comparable rank in the Republic of Zimbabwe. The Government shall, whenever gasoline or other fuels and lubricating fuels are scarce in Harare, if requested, assist the Harare Branch in the procurement of gasoline or other fuels and lubricating oils for each such vehicle or automobile. PART V Fiscal Exemptions and Financial Facilities Article XI 1. Without prejudice to the generality of Articles of the Bank Agreement by reason of the following enumeration, the Harare Branch may freely: (a) carry on all forms of banking business and financial services authorised under the Charter of the Bank; (b) purchase, hold and dispose of national currencies; (c) purchase, hold and dispose of convertible currencies, securities, bills of exchange, negotiable instruments, and transfer the same to, from or within the territory of the Republic of Zimbabwe; (d) open, maintain and operate accounts in national currency within the territory of the Republic of Zimbabwe; (e) open, maintain and operate convertible currency accounts in the territory and outside the territory of the Republic of Zimbabwe (f) raise funds and make loans in convertible currencies; and (g) carry out any operations authorised under the Charter of the Bank. 2. The Government may assist the Harare Branch to obtain the most favourable conditions as regards exchange rates, banking commissions on exchange transactions and other similar transactions. - 10 -