Business
Zimbabwe Launches Biodiversity Finance Initiative to Boost Nature Conservation
The Ministry of Environment, Climate and Wildlife, together with the United Nations Development Programme (UNDP) and the Ministry of Finance, Economic Development and Investment Promotion, has launched the Biodiversity Finance Initiative (BIOFIN) a landmark programme aimed at unlocking innovative financing for nature conservation.

The event was attended by delegates from various non-governmental organisations, embassies, and banks, highlighting a collaborative effort towards enhancing biodiversity conservation in the country. Photocredit- Kudakwashe Emma-Louise Zihonye
The initiative, launched in Harare recently under the theme “Investing in Nature, Investing in Our Future,” seeks to bridge the biodiversity funding gap and help government identify, measure and mobilise finance for biodiversity conservation and sustainable use aligned with the Kunming Montreal Global Biodiversity Framework. It also aims to ensure that environmental protection directly benefits rural communities, women and youth.
Speaking on behalf of the UNDP Resident Representative Ayodale Odusola, UNDP Deputy Resident Representative Mr Challa Getachew said the launch marked the beginning of a new chapter in sustainable development financing for Zimbabwe.

Delegates gather for a group photo at the launch of the Biodiversity Finance Initiative (BIOFIN) in Harare, Zimbabwe. united in their commitment to advancing biodiversity conservation efforts in the country. Photocredit- Kudakwashe Emma-Louise Zihonye
“Through this initiative, Zimbabwe joins over 90 countries implementing the UNDP GEF BIOFIN methodology, a proven framework to identify how much a nation spends on biodiversity, how much is needed, and what financing mechanisms can bridge the gap. In doing so, Zimbabwe is sending a powerful message: protecting biodiversity is not a cost; it is an investment in national prosperity,” he said.
He noted that Zimbabwe’s forests, wetlands and wildlife are the foundation of its economy, supporting agriculture, tourism and energy, yet face growing threats from climate change and habitat loss.
“Finance alone is not enough,” he added. “It must reach the people who are the custodians of nature our rural communities, women and youth groups, and local authorities. When they derive real economic value from protecting ecosystems, conservation becomes sustainable.”
Mr Getachew reaffirmed UNDP’s commitment to supporting Zimbabwe in mobilising innovative financial instruments such as green bonds, payment for ecosystem services and debt for nature swaps, while integrating biodiversity considerations into fiscal and national planning systems.
“Investing in nature is investing in our shared future. The choices we make now will determine whether Zimbabwe’s rivers continue to flow, its forests continue to breathe, and its children inherit a country richer, not poorer, in natural capital,” he said.
In her keynote address, Minister of Environment, Climate and Wildlife Dr Evelyn Ndlovu described the launch as “a strategic milestone in our national development trajectory.”

Minister of Environment, Climate and Wildlife Dr. Evelyn Ndlovu giving official launch address.Photocredit – Kudakwashe Emma-Louise Zihonye
“Zimbabwe is endowed with exceptional natural capital from our diverse ecosystems and iconic wildlife to our fertile soils and resilient communities. These assets underpin key sectors of our economy, including agriculture, tourism, energy and water, and are central to our aspirations under Vision 2030,” she said.
Dr Ndlovu highlighted that while biodiversity conservation contributes to national growth, financing remains a major hurdle.
“Conservation is costly. Zimbabwe bears a significant financial burden in managing elephant populations that exceed ecological carrying capacity. Unlocking the responsible value of our wildlife stockpiles is not about profit it is about plugging the critical funding gap required to protect our species, mitigate human wildlife conflict and empower frontline communities,” she said.
She further emphasised that BIOFIN is not merely a technical exercise but a people centred endeavour, designed to ensure that communities derive tangible benefits from protecting the environment.
“BIOFIN seeks to ensure that communities derive tangible benefits from conserving nature. It promotes the empowerment of women and youth through biodiversity based enterprises, the recognition of indigenous knowledge systems and the safeguarding of ecosystem services that sustain life and livelihoods,” Dr Ndlovu said.
Zimbabwe’s long standing CAMPFIRE programme was cited as a model example of community driven conservation, devolving authority and financial benefits to rural communities and transforming biodiversity into a profitable and sustainable land use option.
As part of its goals, the Biodiversity Finance Initiative aims to analyse policies and laws influencing biodiversity finance, strengthen national capacity and stakeholder coordination, enhance gender inclusion, and estimate the financial resources required to achieve Zimbabwe’s biodiversity goals.
By linking environmental sustainability with inclusive economic growth, BIOFIN offers a path for communities to thrive while protecting the natural ecosystems that sustain them.
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Business
Tino Tungwarara Launches Prevail Mart, Becoming One of Zimbabwe’s Youngest Retail Entrepreneurs
Mazowe — In a remarkable show of youthful ambition and innovation, 17-year-old Tino Tungwarara has become one of Zimbabwe’s youngest retail business owners with the official opening of her supermarket, Prevail Mart, in Mazowe this week.
The grand opening ceremony attracted a vibrant mix of community members, local dignitaries, and business associates — among them Josey Mahachi, the facilitator of billionaire Aliko Dangote’s upcoming visit to Zimbabwe. Mahachi, herself a symbol of women’s empowerment, described Tino’s milestone as an inspiring example of what young women can achieve with vision and determination.
Prevail Mart’s mission, according to its founders, is to offer affordable, high-quality products to the Mazowe community, combining modern retail efficiency with a personal, community-centered approach.
Tino, who frequently shares her passion for leadership and entrepreneurship on social media, said the supermarket represents more than just a business venture — it’s a manifestation of her dream to empower communities and inspire young people, especially girls, to take charge of their futures.
“I’m deeply grateful for the mentorship and encouragement I’ve received. Prevail Mart is not just a store — it’s proof that age should never limit your potential if you have the right guidance and discipline,” she said during the launch.
Tino’s father, Dr. Paul Tungwarara, who serves as Special Advisor to the President, has played a vital role in cultivating her entrepreneurial spirit. Known for his business insight and mentorship, Dr. Tungwarara has long championed youth empowerment — values that his daughter now embodies through her own venture.
Her success story echoes the Second Republic’s drive, under President Emmerson Mnangagwa, to strengthen youth and women participation in Zimbabwe’s economic development. It’s a tangible reminder that when young people are mentored with purpose, they can lead with confidence and shape meaningful change.
Tino’s journey also mirrors global examples of young entrepreneurs breaking barriers. One such figure is Lily Adeleye, who made history at just five years old as the youngest African-American entrepreneur to have her fashion brand, Lily Frilly, stocked in major U.S. stores such as Walmart and Target.
While Tino may be a decade older, her success positions her as Zimbabwe’s own version of Lily Adeleye — a bold young woman proving that innovation, confidence, and hard work can indeed prevail.
Business
Africa Seals $500B Mega-Convergence Pact to Redefine Its Economic Future
Business
Zimbabwe Records Historic Tobacco Harvest As Minister Masuka Opens T5 Meeting
Zimbabwe’s Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Hon. Anxious Jongwe Masuka, has reaffirmed the country’s commitment to tobacco production, describing it as a vital economic lifeline despite growing global pressure to limit the industry.
Officially opening the T5 Meeting in Harare on Wednesday, Minister Masuka welcomed international delegates and expressed hope that the deliberations would strengthen the position of tobacco-producing nations ahead of the upcoming Conference of Parties (COP11) and Meeting of Parties (MOP4) to be held in Geneva later this month.
T5 MeetingThe T5 group, comprising the world’s top five tobacco-producing countries, met to strategize on defending their shared interests amid what Masuka described as “a global lobby that seeks to ban tobacco production, jeopardising the livelihoods of millions of farmers in developing countries.”
Masuka revealed that Zimbabwe had achieved a record 355 million kilogrammes of tobacco in the 2024/25 season, the highest in the country’s history. The golden leaf earned farmers USD1.2 billion, with an average of USD9,000 per grower across 135,000 producers.
He noted that all T5 countries had registered both volume and value growth during the past season, a sign of resilience in the face of international pressure.
“Smoking is an adult choice. And for our economies, tobacco is a legal crop that should continue to be grown without any fear,” he said.
The Minister outlined Zimbabwe’s Tobacco Value Chain Transformation Plan, which aims to grow annual production to 500 million kilogrammes by 2030, add value to 100 million kilogrammes, localise 50% of financing, and develop a USD7 billion industry within the next five years.
However, he acknowledged several challenges confronting the sector, including the WHO led anti smoking campaign, environmental concerns, stricter traceability requirements, and child labour accusations.
Masuka emphasised that the ongoing reforms and the T5’s coordinated approach were designed to counter these headwinds while ensuring sustainability, inclusivity, and economic growth.
The T5 Meeting, hosted in Harare, serves as a preparatory platform for coordinated positions ahead of COP11 and MOP4 in Geneva, Switzerland, set to begin on November 17.
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