EXPERTS remain cautiously optimistic about Zimbabwe’s medium-term economic prospects despite the structural bottlenecks and external headwinds that threaten to retard progress. This comes as the bullish outlook is underpinned by improving fiscal prudence and discipline that has seen the country registering single-digit inflation, a relatively stable exchange rate and rising foreign currency reserves. As a…
EXPERTS remain cautiously optimistic about Zimbabwe’s medium-term economic prospects despite the structural bottlenecks and external headwinds that threaten to retard progress. This comes as the bullish outlook is underpinned by improving fiscal prudence and discipline that has seen the country registering single-digit inflation, a relatively stable exchange rate and rising foreign currency reserves. As a…
THE government and Invictus Energy, through its local operating entity, GEO Associates, have signed a Petroleum Product Sharing Agreement, establishing a regulatory framework for the Cabora Bassa oil and gas project. Speaking at the signing ceremony, Finance minister Mthuli Ncube said the agreement was a major milestone in Zimbabwe’s economic transformation agenda and a strong…
MINERS have welcomed the government’s ban on foreign participation in low-scale gold operations, saying the move will protect local jobs, reduce sector conflicts and reserve mining opportunities for indigenous communities. The policy directive ring-fences any mining operation producing less than 20 kilogrammes of gold per month or carrying a capital investment under US$15 million, exclusively…
ZIMBABWE’s platinum production is projected to remain stable this year at 508 000 ounces from 516 000 ounces in 2025, driven by consistent operational output across the country’s major mines, latest data shows. According to the World Platinum Investment Council (WPIC), the 29 000 ounces of build-up of semi-finished inventory, resulting from smelter maintenance at…
THE commencement of formal discussions for Zimbabwe to join the BRICS-backed New Development Bank (NDB) is a breakthrough, although accessing the lender’s deep pockets depends entirely on domestic reform, analysts have said. The Ministry of Finance last week confirmed that Zimbabwe has entered formal membership negotiations with the BRICS NDB following official correspondence from the…
THE Zimbabwe Consolidated Diamond Company (ZCDC) has called for the slashing of diamond royalties by half, to five percent of total sales, to circumvent a mounting viability crisis triggered by…
THE African Development Bank (AfDB) Group has committed to supporting Zimbabwe’s debt clearance strategy after approving a three-year technical and financial initiative meant to accelerate engagements with creditors. The US$4 million grant will specifically finance the Zimbabwe Arrears Clearance Dialogue Enhancement Project (ZACDEP), aimed at strengthening dialogue and reforms needed to advance the country’s arrears…
LOCAL manufacturers should intensify cost-cutting measures by localising supply chains amid rising cost pressures from the Middle East conflict, squeezing profit margins, the Confederation of Zimbabwe Industries (CZI) has warned. In its latest update, CZI said the ongoing Israel-US-Iran conflict has triggered external commodity shocks, particularly high energy costs. The geopolitical tensions prompted a 12,4…
The African Development Bank Group (AfDB) has approved a US$4 million grant to support Zimbabwe’s efforts to clear its debt arrears and re-engage with the international financial community. The funding will finance the Zimbabwe Arrears Clearance Dialogue Enhancement Project (ZACDEP), aimed at strengthening dialogue and reforms needed to advance the country’s arrears clearance process. “This…
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it is on track to meet and potentially exceed its annual revenue projection of US$3,5 billion following a record performance in the first quarter of 2026. Data released by the MMCZ shows that total mineral sales for the first three months reached 1,288,761 metric tonnes, generating a…
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