Categories: Stories

Why Zimbabwe is banning the importation of vehicles older than 10 years

HON. N. M. NDLOVU: Thank you Mr. Speaker Sir. Our intention is clear. It is to protect the local industry but more importantly to protect our people. We have inadvertently become a dumping site. When you go around our country and you see vehicles that are broken down or are beyond any use, it is because we were allowing vehicles to come here without any restrictions. Our programme, I was shy of mentioning some of the programmes that we are coming up with because we are nearing finalising them and having formal announcements on.

We will be able in the short-term to have a local assembly of private cars that will be in the range of between USD10 and USD18 000, with the finance institutions coming on board to allow for payment terms. We believe that this offers our consumers whom we think cannot afford better payment terms than the raw deal that we are getting. More importantly, we are bringing jobs back home. We are expanding especially on the value chains, where some of the components will progressively be localised. That is why we think that it is very important that we restrict the vehicles that are coming into the country and ten years is still very concessional and as we move forward, we will be considering even reducing theirs.  

 

(708 VIEWS)

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Was Chombo Mugabe’s number two?

Far from it, on paper that is. Ignatius Chombo was one of the longest serving…

February 6, 2026

Zimbabwe’s 2026 citizen’s budget

Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…

November 30, 2025

IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated

The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…

November 8, 2025

Can anyone come to your farm and start mining? It depends.

The answer is Yes and No. It depends on the size of the farm. Mines…

October 24, 2025

IMF says Zimbabwe has the best performing economy in SADC

Zimbabwe has the best performing economy in the Southern African region this year beating regional…

October 21, 2025

Mnangagwa vs Chiwenga:Who owes who?

The ZANU-PF national conference that was being held in Mutare has raised the tempo on…

October 19, 2025