Africa Export-Import Bank (Membership of Zimbabwe and
Branch Office Agreement) Act, 2005
Article VIII
The Harare Branch shall be entitled, for its official purposes when necessary, and in cases
where the Government makes such transport available, to use Government transport facilities on
terms and conditions not less favourable than those accorded by the Government to any other
international organisation or diplomatic mission accredited to the Republic of Zimbabwe.
Article IX
The Appropriate Authorities of the Republic of Zimbabwe shall exercise to the extent
requested by the President, or in his absence by the Executive Vice-President, the powers which
they possess with respect to the supply of public services to ensure that the Harare Branch shall
be supplied on equitable terms with the necessary public services, including electricity, water,
post, telephone, telegraph, transport, drainage, collection of refuse, fire protection and other
similar services. In the case of any interruption or threatened interruption of any such service,
the Government shall consider the needs of the Harare Branch as being of equal importance
with similar needs of essential agencies of the Government, and shall take steps accordingly to
ensure that the work of the Harare Branch is not prejudiced.
PART IV
Article X
Exemption from Taxation
1. The Bank, the Harare Branch, its property, assets, income, operations and transactions shall
be exempt from all forms of direct taxes and from all customs duties; it being understood
that the Bank shall not claim exemption from taxes which are in fact no more than charges
for public utility services and which are payable by other international organisations
situated or represented in the Republic of Zimbabwe.
2. The Bank, the Harare Branch, its property, assets, income, operations and transactions shall
be entitled to a sales tax refund and other indirect taxes in the same manner and to the same
extent as are enjoyed by international organisations situated or represented in the Republic
of Zimbabwe.
3. The Government shall furnish to the Harare Branch a list of all direct and indirect taxes and
levies, as modified from time to time upon any change in or amendment to the laws of the
Republic of Zimbabwe. Any amount paid by the Bank or the Harare Branch in respect of
direct or indirect taxes from which the Bank and the Harare Branch are exempt shall within
thirty days of receipt of a claim submitted by the Harare Branch, be refunded in its entirety
by the Government.
4. Without prejudice to the generality of the provisions of paragraphs 1 and 2 of this Article,
the Appropriate Authorities of the Republic of Zimbabwe shall take all necessary action to
ensure that the property and assets of the Bank (or, as the case may be the Harare Branch),
its capital, reserves and dividends, loans, credits, guarantees, securities, and other
investments and transactions, interest, commissions, fees, profits, gains, proceeds of
realisation and other income, return and moneys of any kind, accruing, appertaining or
payable to the Bank or the Harare Branch from any source shall be exempt from all forms
of taxes, duties, charges, levies, and imposts of any kind whatsoever, including stamp duty
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