Business
Kuvimba to Launch $270 Million Lithium Concentrator Project at Sandawana Mine
State-owned mining firm Kuvimba Mining House is preparing to break ground on a $270 million lithium concentrator at its Sandawana Mine, with construction scheduled to begin in the third quarter of 2025. The facility is expected to be operational by early 2027, according to company CEO Trevor Barnard.
The plant will be capable of processing 600,000 metric tons of lithium ore annually and will be developed in partnership with two prominent Chinese metal firms. While the identities of the companies remain confidential due to ongoing discussions, the deal stipulates that the Chinese partners will construct and manage the facility for a minimum of five years before transferring ownership to Kuvimba.
“We’re in the final stages of concluding key agreements and ensuring that all required industry standards are in place to begin construction,” said Barnard. “We expect to start building in the third quarter.”
Barnard also mentioned that the project’s timeline could coincide with a potential recovery in global lithium prices. Despite current market challenges—including a sharp drop of nearly 90% in lithium spot prices due to supply gluts and reduced electric vehicle demand—Chinese firms continue to invest in Zimbabwe’s lithium resources to support their domestic supply chains.
Last year, Zimbabwe supplied approximately 14% of China’s lithium imports, according to research by CRU Group.
Market experts believe the current pricing downturn may be temporary. Recent supply cutbacks and a resurgence in EV sales in China could tighten the market, potentially pushing demand ahead of supply by year-end.
“Our projections suggest lithium prices could bounce back by 2027—just as we expect the concentrator to begin production,” Barnard added.
In a move to retain more value from its mineral exports, Zimbabwe—Africa’s leading lithium producer—announced plans to ban lithium concentrate exports beginning January 2027. The policy aims to promote in-country processing and industrialisation.
Historically, Chinese companies operating in Zimbabwe have exported unprocessed lithium concentrates to China for refining. In response, Zimbabwe is currently developing two lithium sulphate processing facilities: one at Bikita Minerals, operated by China’s Sinomine Resource Group, and another at Prospect Lithium Zimbabwe, run by Zhejiang Huayou Cobalt.
Meanwhile, lithium exploration and development are gaining momentum across the continent, with countries like Namibia, Mali, Ghana, and the Democratic Republic of Congo actively scaling up their activities in the sector.
Business
Zimbabwe Bets Big on Biotech to Fuel Industrial Revolution

Dr. Eng. Willie Ganda
By Enia Dube
The Minister of Higher and Tertiary Education, Innovation, Science and Technology Development, Hon. Dr Fredrick Shava, has thrown his weight behind biotechnology as a key driver of the country’s industrialisation and modernisation agenda.
Speaking at the National Biotechnology Authority (NBA) Strategic Planning Workshop in Kadoma, Dr Shava urged the Authority to identify biotechnology-led opportunities that can boost national production and accelerate economic growth.
“Biotechnology serves as a key catalyst for NDS2 implementation, advancing inclusive economic growth, job creation, and sustainable industrial development,” Dr Shava said, emphasising the need to integrate biotechnology into national value chains to unlock a biotechnology-driven economy. He added that this would turn innovation into industry, knowledge into enterprise, and science into jobs.
The NBA has made notable progress in establishing a strong regulatory framework, promoting biotechnology research and commercialisation, and raising public awareness about the sector’s potential. The Authority has successfully commercialised products such as Mapfura wine and Cofsol cough syrup, and has several other biotechnology products in the pipeline.
Incoming NBA Board Chairperson, Professor Idah Sithole-Niang, echoed Dr Shava’s sentiments, emphasising that the Authority’s five-year strategic plan must meaningfully contribute to the attainment of Vision 2030. “This event marks a significant milestone in the Authority’s ongoing efforts to enhance the role of biotechnology in Zimbabwe’s socio-economic development,” she said.
The workshop aimed to realign priorities and resources in response to emerging technologies and global biotechnology trends, and develop a strategic roadmap to strengthen biotechnology as a key driver of Zimbabwe’s socio-economic transformation. The rapidly evolving global biotechnology landscape, including advancements in gene editing, bio-manufacturing, and climate-smart innovations, presents both new opportunities and challenges for Zimbabwe.
“We recognise the pressing need for an inclusive and forward-looking strategic plan that can navigate the complexities of the biotechnology landscape,” Professor Sithole-Niang noted. The workshop was attended by researchers, government officials, and NBA staff, who are optimistic about the potential of biotechnology to drive Zimbabwe’s economic transformation and achieve Vision 2030.
Business
GAS COMPANY, DIRECTOR IN COURT OVER ALLEGED TAX VIOLATIONS
A Harare-based liquefied petroleum gas retailer, Prompt Gas, and its director, Gift Patsika, have appeared in court on allegations of breaching tax and exchange control regulations involving more than R8 million.
The pair appeared before regional magistrate Marewanazvo Gofa on Wednesday.
According to prosecutors, detectives from the CID Asset Forfeiture Unit were deployed on Monday under an operation code-named “Pressure Valve,” which focused on inspecting fuel and LPG businesses for compliance in areas such as licensing, pricing, funding sources and banking transactions.
Investigators visited Prompt Gas premises at 1170A3 Mutare Road, where initial checks indicated that the company had imported gas from Mozambican supplier IPG between January 1 and November 18 this year at a cost of R8,006,055.75.
The State alleges that Patsika failed to furnish proof that the imports were processed through formal banking channels as required. Authorities further claim the company made offshore payments without Reserve Bank of Zimbabwe approval, in violation of exchange control regulations.
The court also heard that the origins of the funds used for the purchases could not be accounted for, raising possible money laundering concerns.
The matter is expected to continue as investigations proceed.
Business
Zimbabwe Slashes Energy Costs in Bid to Boost Economy

The Zimbabwean government has taken a significant step towards reducing business costs and attracting investment by slashing a range of licenses, levies, and fees in the energy sector. This move is part of a broader effort to modernize regulation and make the country a more competitive destination for capital.
The reforms are a direct response to the need to reduce the cost of doing business and accelerate growth in key energy subsectors, said Information Minister Dr. Jenfan Muswere, announcing the measures after Tuesday’s Cabinet meeting. The review followed extensive consultations with ministries, government agencies, and energy sector players, and forms part of the broader reform package approved by Cabinet in July last year.
The Zimbabwe Energy Regulatory Authority licence application fee has been reduced from US$2,500 to US$2,000, while the solar generation licence fee of US$2,875 has been completely removed. The petroleum import procurement license has been cut by half from US$30,000. In rural areas, the fuel retailing license has been reduced from US$200 to US$150, and the LPG retail license fee is being reduced by 50% from the current US$230.
The government recognizes that energy investment had been largely carried by the state, a position that had become unsustainable due to limited fiscal space. The new fee structure is intended to open the sector to more private investors by lowering barriers and eliminating outdated charges. “Government continues to prioritise reforms that improve the ease of doing business in order to attract and retain investment,” Dr. Muswere said.
The announcement adds to a growing list of business reforms underway across multiple sectors, including sweeping license consolidations and fee cuts in retail, hospitality, and financial services. These broader measures have included merging fragmented shop licenses, eliminating redundant permits, capping SME license fees at US$500, and cutting hotel license fees by 50%. Additional refinements to the new energy fee schedule will be finalised before gazetting once ministries complete the necessary legislative and administrative adjustments.
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