ALTHOUGH miners remain upbeat about their sector’s long-term prospects, they warn that operational capacity is continuing to be constrained by power shortages, high operating costs and limited access to capital. Speaking during last week’s well-attended Chamber of Mines of Zimbabwe (CoMZ) annual conference in Victoria Falls, the miners also said prevailing domestic structural bottlenecks required…
THE Ministry of Mines will launch a nationwide airborne geophysical survey to map mineral reserves, noting that Zimbabwe remains significantly under-explored by modern international standards. The geological map is critical…
THE Zimbabwe National Chamber of Commerce (ZNCC) annual congress kicked off in Victoria Falls yesterday with business leaders pressing for lower taxes, affordable financing and improved trade policies. This comes as business players seek to deepen industrialisation and unlock opportunities under the African Continental Free Trade Area (AfCFTA). The three-day gathering has brought together government…
ZIMBABWE has formally initiated the process of joining the Asian Infrastructure Investment Bank (AIIB) to unlock fresh multilateral funding for its domestic infrastructure agenda. Finance minister, Mthuli Ncube, met with AIIB president Jiayi Zou and the bank’s senior management team during a high-level strategic engagement at the AIIB headquarters in Beijing following the country’s formal…
ZIMBABWE’S avocado exports rose 89 percent year-on-year in the first four months of 2026, reflecting rapid growth in the horticulture sector as producers increasingly tap into export markets. Latest figures from the Agricultural Marketing Authority show that the country exported 1,74 million kilogrammes (kg) of avocados between January and April this year, valued at US$1,07…
THE Insurance and Pensions Commission (Ipec) plans to introduce insurance cover for artisanal and small-scale miners under its 2026-2030 market development strategy as it seeks to increase insurance penetration in Zimbabwe. The move comes after the sector recorded 64 deaths in the first quarter of 2026, a six percent increase from the same period last…
ZIMBABWE has emerged as one of the top performers in budget transparency in Sub-Saharan Africa after ranking 62 out of 100 on the Open Budget Index (OBI), positioning the country third in the region behind South Africa and Benin. Minister of Finance Mthuli Ncube said the performance reaffirms the government’s commitment to transparency, accountability and sound public financial management. “Zimbabwe…
TRADING on the Zimbabwe Mercantile Exchange (ZMX) is largely concentrated in maize and soya beans, as limited supplies of other commodities constrain market depth despite growing activity on the exchange. According to TSL chairman Anthony Mandiwanza, in a statement accompanying financial results for the six months ended April 30, 2026, the commencement of the 2025/26…
THE Deposit Protection Corporation (DPC) says it has sufficient liquid assets to protect depositors in the event of a bank failure, despite the corporation increasingly focusing on non-monetary assets. DPC has aggressively restructured its investment portfolio, allocating approximately 80 percent of its funds to high-yielding non-monetary assets such as equities, real estate and real estate…
ZIMBABWE’S mining industry requires US$10 billion over the next five years to sustain operations and ramp up production, an official has revealed. Speaking at the Chamber of Mines of Zimbabwe’s Annual Mining Conference, the chamber’s immediate past president John Musekiwa said the sector required affordable capital and improved infrastructure to sustain growth and attract investment.…
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