ZIMBABWE must leverage its hosting and chairmanship of the Common Market for Eastern and Southern Africa (Comesa) to drive export growth and attract more foreign direct investment, analysts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the analysts added yesterday that the…
ZIMBABWE’s economy, which has almost quadrupled over the last 10 years from US$17 billion in 2017 to $66 billion this year, now ranks 14th in Africa, latest figures from the International Monetary Fund (IMF) show. According to IMF’s October 2026 World Economic Outlook Report, Zimbabwe’s economy, valued at US$65,9 billion, is also the fifth-largest in…
FOREIGN-owned businesses that have not regularised and continue operating in reserved sectors will be suspended or have their operating licences revoked, the government has said. The warning comes amid heightened calls for the authorities to enforce reserve sectors’ regulations that seek to empower locals and redirect foreign investors towards high-value investment projects. Acting Information minister…
LITHIUM producers have urged the government to reduce their tax burden to promote value addition and increase export earnings from the sector. In an interview with The Financial Gazette, Prospect Lithium Zimbabwe (PLZ) public relations manager Patience Chizodza said lower taxes on processed lithium products would help establish domestic refining capacity and create jobs. “This…
THE government is set to introduce power-sharing agreements and long-term concessions to attract private investment in electricity transmission and distribution infrastructure, as it seeks to improve supply and reduce power shortages. The strategy aims to harness about 1 500 megawatts of privately-generated electricity. In its October 2026 newsletter, the Energy Forum for Africa said the…
News Editor ZIMBABWE’s ban on raw mineral exports has helped to drive a sharp increase in the country’s mining revenues. This comes as official data shows that year-to-date export sales under the mandate of the Minerals Marketing Corporation of Zimbabwe (MMCZ) more than doubled to $4.73 billion during the first nine months of 2026, compared…
GOVERNMENT is buying grain from local farmers to replenish its strategic reserve ahead of an anticipated El Niño-induced drought. Zimbabwe is bracing for a dry and erratic 2026-27 rainfall season, with a strong El Niño weather pattern expected to bring below-normal rainfall, prolonged dry spells and higher-than-normal temperatures. Addressing the media in Harare, permanent secretary…
NATIONAL Foods (NatFoods) is pushing for provisional import protection to shield its pasta operation from cheaper foreign competition. This comes as the Competition and Tariff Commission (CTC) is investigating claims that rising imports are hurting local industry. NatFoods told The Financial Gazette this week that it had already “asked for a provisional measure while the…
Prisca Tshuma THE Minerals Marketing Corporation of Zimbabwe (MMCZ) is integrating its mineral tracking system with government institutions to strengthen oversight of mineral exports and curb smuggling. MMCZ marketing manager Gumisai Nenzou said the initiative would improve transparency in mineral exports and increase efficiency at border posts. “We are actually at an advanced stage where…
THE third edition of Africa Skills Week being held in Harare up to Friday has brought together African policymakers, industry leaders, training institutions and young people to discuss skills development and employment creation. The conference, which started on Monday, is being held at the Harare International Conference Centre under the theme: Skills for Resilient and…
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