Zanu-PF pushes for scrapping of the 2% IMTT

The ruling Zanu-PF party has adopted a series of sweeping economic resolutions at its annual conference in Mutare, signaling a strong push to reinforce the country's local currency, streamline business operations, and boost infrastructure and energy development.

Among the key resolutions, delegates called for the scrapping of the 2% Intermediated Money Transfer Tax (IMTT), a move aimed at easing the cost of doing business and stimulating economic activity.

The conference also endorsed the Zimbabwe Gold (ZiG) currency as the sole legal tender for domestic transactions, including fuel purchases, urging government to improve the quality and circulation of ZiG notes to restore public confidence.

Other major resolutions included a directive to fast-track regulatory reforms to reduce business costs, ensure farmers are paid within a month of delivering grain to the GMB, and clear all outstanding arrears.

On infrastructure and energy, the party emphasized the need to accelerate key national projects such as roads, dams, and border posts, while also reviving the rail system and restricting heavy trucks to protect the country's deteriorating road network.

Zanu-PF also urged government to increase investment in renewable energy, promote local production of solar panels and batteries, and use proceeds from the Universal Services Fund to provide free public Wi-Fi.

To protect the environment and promote value addition, the party resolved to tighten controls on the export of unprocessed raw materials and enforce environmental protection laws.

The resolutions reflect Zanu-PF's bid to project an image of economic reform and self-reliance, with a strong emphasis on currency stability, industrialization, and infrastructure renewal ahead of the 2025 political season.