The results announced by Lovemore Sekeramayi, the chief elections officer of the Zimbabwe Election Commission (ZEC), indicated that more than three million people had voted in favour of the draft constitution - nearly 95 percent of those who voted.
"The draft constitution voted on at the weekend's referendum is declared as the constitution of Zimbabwe," said Mr Sekeramayi at a press conference held in Harare.
New constitution will limit future presidents to two five-year terms and will put an end to the post-war Lancaster House constitution that has been used as the country's supreme law since 1980.
The clause limiting presidential terms will not apply retrospectively, so Zanu-PF's 89-year-old leader, President Robert Mugabe (pictured), will be able to stand again in elections expected in July.
Mugabe currently shares power with the Movement for Democratic Change's Morgan Tsvangirai who is serving as prime minister in the country's coalition.
The two agreed to share power after disputed polls in 2008 which were marred by violence.
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