Davison Kanokanga

The Finance Act, 2021 introduced numerous amendments to the financial sector in Zimbabwe. One notable feature of the Finance Act, 2021 is the amendment and inclusion of section 78C to the Banking Act [Chapter 24:20]. This new provision of the Banking Act in Zimbabwe provides for the establishment of the International Financial Services Centre (IFSC…

In terms of section 78C of the Banking Act [Chapter 24:20] any question or dispute (not being a question or dispute of a strictly commercial nature) that may arise with respect to the operation of an international financial services centre operating license (IFSC license) in a Special Economic Zone (SEZ) in Zimbabwe, whether with another…

There are two listed stock exchanges in Zimbabwe, the Zimbabwe Stock Exchange (‘ZSE’) and the Victoria Falls Stock Exchange Ltd (‘VFEX’). Both exchanges are regulated by various rules, regulations and statutes. Both the ZSE and the VFEX have a Central Securities Depository (‘CDS’) and respective rules which manage these CDS in Zimbabwe. Types of disputes…

The Victoria Falls Stock Exchange Ltd (‘VFEX’) is a Stock Exchange in Zimbabwe regulated and governed by the Securities and Exchange Act [Chapter 24:25]. The VFEX is responsible for the Central Securities Depository (VFEX Depository). In order to participate on an account or a securities account on VFEX Depository, one must hold an account and…

In recent years, the financial service sector in the country has grown. There are a significant number of technological innovation companies (FinTech) startups that offer innovative financial services and products. A FinTech Company is any business entity other than a regulated financial institution that utilizes or plans to utilize fintech to provide financial services. The…

Unlike other countries, Zimbabwe does not have a Credit Reporting Act. However, the Reserve Bank of Zimbabwe (‘RBZ’) maintains a Credit Registry which is the official database for credit information utilized by financial institutions from time to time. In terms of section 2 of the Private Investigators and Security Guards (Control) Act [Chapter 27:10] a…

Carbon credit trading is an important and effective means of environmental protection which enables organisations and countries to offset their carbon emissions by investing in clear energy initiatives and projects. As a country, Zimbabwe has put in place a legal framework regulating carbon credit trading in the country which is known as the Carbon Credits…

What Is A Correspondent Attorney In Harare? A correspondent attorney is an attorney who carries out another attorney’s instructions on behalf of that attorney within a specific geographic area or jurisdiction. A correspondent attorney steps into the shoes of the instructing attorney and performs the instructions that the instructing attorney would have retained from their client.…

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce that Davison Kanokanga has joined IR as our exclusive Commercial Law and Corporate Law member in Zimbabwe. Davison is the Founder and Managing Partner of Kanokanga & Partners, who coordinates all activities in the firm. His practice mostly includes arbitration, aviation, corporate…