Harare records 23pc decline in revenue

Harare recorded a 23 percent decline in revenue collection from the informal sector in 2018.

According to the informal sector committee minutes, inadequate funding for the informal sector projects was one of the reasons.
The poor revenue collection comes as Harare is now looking for partners to construct adequate structures after removing vendors from the streets.

“Revenue collection from the informal sector; the period January 1, 2018 to December 31 2018 amounted to $1,53 million. Revenue collection had declined by 23,39 percent during the year under review and this was attributed to political interference and allocation of market stalls to vendors and revenue collection and economic hardships resulting in traders failing to pay market fees to council due to sudden devaluation of the local currency,” read part of the minutes.
Informal sector committee chairperson Barnabas Ndira said council has instituted a number of measures to increase revenue collection.
He said among those measures include introducing payment plans with members of the informal sector for maximum collection.
“We have introduced a weekly blitz where council enforcement goes around with members from the housing division to collect revenue from the traders. We have also started engagement with political leaders so that vendors pay fees directly to council and not to middlemen,” Ndira said.
Last year, council was failing to fully accommodate all the vendors at its designated sites as they were too many.

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