FOREIGN direct investment into Zimbabwe is expected to reach US$847 million next year, as the government steps up efforts to improve the business operating environment. In his 2026 national budget statement, Finance minister Mthuli Ncube said foreign direct investment (FDI) inflows grew from US$151 million in 2020 to an estimated US$799 million in 2025. “Since…
FOREIGN direct investment into Zimbabwe is expected to reach US$847 million next year, as the government steps up efforts to improve the business operating environment. In his 2026 national budget statement, Finance minister Mthuli Ncube said foreign direct investment (FDI) inflows grew from US$151 million in 2020 to an estimated US$799 million in 2025. “Since…
MUTAPA Investment Fund (Mutapa) deployed over US$100 million to state-owned entities under its management to boost operations and viability as of September 2025. Minister of Finance Mthuli Ncube said the funds were deployed in direct capital injections, partnerships, and joint ventures. He said the results show a material turnaround, with 53 percent of the state-owned…
ZIMBABWE’s foreign currency receipts increased by 21 percent to US$13 billion during the first 10 months of 2025, sustained by a growth in export earnings and remittances, latest data shows. According to the Reserve Bank of Zimbabwe (RBZ), the country continues to record strong foreign currency inflows, with foreign currency reserves backing the ZiG reaching…
CAPACITY utilisation in local mines is expected to surge to 95 percent in 2026, from 88 percent this year, as the sector ramps up production, a survey by the Chamber of Mines of Zimbabwe has shown. According to the State of the Mining Industry Survey Report, key sectors anticipated to drive the improvement in capacity…
THE Zimbabwe Revenue Authority (Zimra) should develop sector-specific strategies to bring startups, micro-operators and small enterprises into voluntary tax compliance, an official has said. Deputy minister of Finance, Kudakwashe Mnangagwa, highlighted the urgent need for a focused approach, noting that approximately 70 percent of the national economy currently remains informal or hidden from the tax…
ZIMBABWE’s platinum production is expected to decline by four percent this year to 493 000 ounces, weighed down by the absence of a drawdown of semi-finished stock that boosted last year’s volumes, latest data shows. According to the World Platinum Investment Council (WPIC), while the country remains a key player in the global market, short-term…
AFRICA’s richest man, Aliko Dangote, has credited Zimbabwe’s improved operating climate and policy transparency as the catalyst for his group’s new multi-billion dollar investment plan for the country. The Nigerian billionaire said he plans to invest as much as US$1 billion in Zimbabwe to build cement and power plants as well as a fuel pipeline.…
AT THE ongoing 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change (UNFCCC) in Brazil, Zimbabwe is making climate finance and adaptation its overriding priority. According to a government position paper prepared for the conference, the Southern African nation is challenging developed countries to expedite resource mobilisation to meet…
THE tobacco industry is expected to increase production to 500 million kilogrammes (kg) by 2030 from 355 million kg recorded this year, according to the new Agriculture Food Systems and Rural Transformation Strategy 2 programme. The strategy, spanning 2026 to 2030, targets to transform the tobacco sector into a US$7 billion industry, predicated on boosting…
THE International Monetary Fund (IMF) has called for strict fiscal discipline in Zimbabwe’s upcoming 2026 budget, warning that enhanced revenue management is critical to sustaining macroeconomic stability and reducing financial risks. In a statement after concluding its visit to Zimbabwe this week, the Bretton Woods institution said expenditure management must be significantly strengthened. “Discussions in…
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