Business
All Eyes on Mutapa Fund as Dr Mangudya Set for High-Stakes Public Lecture
Zimbabwe’s political and financial elite will converge at the Harare Institute of Technology this Thursday for a pivotal public lecture by Mutapa Investment Fund Chief Executive Officer, Dr John Mangudya, in what organisers are billing as a defining moment for the country’s economic direction.
The high-profile event, seen as a major test of the fund’s transparency and strategic clarity, will feature the former Reserve Bank of Zimbabwe Governor outlining how one of Africa’s largest sovereign wealth funds plans to leverage its US$16 billion portfolio to reshape the national economy.
Invited guests include senior government officials, leading economists, and key industry figures, effectively turning the lecture into a de facto national briefing on a fund that has ambitions to double its value to US$30 billion and contribute 20 percent to Zimbabwe’s GDP by 2030.
“This is a critical opportunity for stakeholders to interrogate the fund’s vision and governance framework directly from its leadership,” said one organiser, highlighting the intense scrutiny surrounding the fund’s management and investment plans.
Dr Mangudya, a veteran banker credited with stabilising monetary policy during his tenure at the Reserve Bank of Zimbabwe, is expected to address key issues including corporate governance, profit reinvestment, and priority growth sectors, amid growing public and investor calls for greater accountability from the state-owned investment giant.
Business
Zimbabwe Targets Mercury Emissions in New Power Plant Initiative
By Everisto Zhuwao
The Environmental Management Agency (EMA) on Thursday launched a major initiative to combat mercury pollution during an inception workshop held at the Holiday Inn Harare. The project specifically targets the mitigation of mercury emissions and releases from coal combustion power plants across Zimbabwe.
The workshop brought together a diverse group of experts and government officials to coordinate a national response to toxic emissions. Mr. A. Matiza, the Deputy Director for Environment in the Ministry of Environment, Climate and Wildlife, officially opened the session. In his remarks, he stressed that collaborative efforts are essential to safeguard both the environment and public health from the dangers of mercury pollution.
Mercury is a significant concern in energy production because it is released into the atmosphere when coal is burned to generate electricity.
The project falls under the Minamata Convention on Mercury, an international treaty designed to protect people and the environment from the harmful effects of mercury.
By focusing on power plants, the government aims to introduce cleaner technologies that reduce these hazardous emissions while maintaining efficient energy production.
Several key organisations participated in the roadmap development, including the Zimbabwe Power Company, Hwange Colliery Company, and the Ministry of Health and Child Care.
Legal and regulatory bodies such as the Zimbabwe Environmental Law Organization and the Procurement Regulatory Authority of Zimbabwe were also present to ensure the project aligns with national laws and international standards.
The initiative seeks to reform existing environmental policies and build technical capacity within local communities and regulatory institutions. By fostering partnerships between government and industry, the project aims to ensure that Zimbabwe’s energy future is both sustainable and responsible.
This collective commitment lays the foundation for a cleaner environment and a healthier future for all citizens.
Business
Agriculture Anchors Zimbabwe’s Economic Future
Everisto Zhuwao
Agriculture remains the cornerstone of Zimbabwe’s journey toward national prosperity. The Deputy Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Vangelis Peter Haritatos, reaffirmed this vision during a recent field day hosted by Charter Seeds.
The event served as a platform for the government to outline its ambitious roadmap for the sector.
The Deputy Minister highlighted the government’s commitment to the Agriculture and Food Systems Rural Transformation Strategy 2, an initiative aimed at growing the agricultural sector into a US$15.8 billion industry by 2030.
According to Hon. Haritatos, the ultimate goal is to transition the nation from basic food security to true food sovereignty. This shift will ensure that Zimbabwe maintains full control over its food systems, from seed production to the final market sale.
To achieve these targets, the government is actively investing in critical infrastructure such as irrigation systems and modern mechanisation. These efforts are being complemented by the establishment of village business units designed to empower local farmers.

Hon. Haritatos urged producers to view themselves as businesspeople and custodians of the land. He emphasized that adopting innovative, market-driven practices is no longer optional but a necessity for growth.
Sustainability and data-driven decision-making were central themes of the address. The Deputy Minister reminded the audience that the quality of today’s seeds determines the success of tomorrow’s harvest.
He encouraged farmers to become lifelong students of their craft and to share their knowledge as ambassadors of the agricultural sector.
By focusing on quality seed genetics and efficient resource management, the government believes that agriculture will serve as the primary engine for Zimbabwe’s economic transformation.
Business
ZERA Hikes Fuel Prices: Now US$1.77 Per Litre
Fuel prices in Zimbabwe have increased following the Zimbabwe Energy Regulatory Authority (ZERA) ‘s announcement of new petroleum prices, which took effect on March 4, 2026.
In a notice released by the energy regulator, diesel is now priced at US$1.77 per litre, while petrol blend (E5) is selling at US$1.71 per litre.
In local currency, diesel is pegged at ZWG 45.55 per litre and petrol blend at ZWG 44.01 per litre.

The regulator said the new prices will remain in effect for the next two weeks, while authorities continue to monitor developments in the global fuel market.
ZERA indicated that the latest fuel prices were influenced by changes in international petroleum markets, which have pushed prices upward.
However, the Government reduced some of its charges to cushion consumers from sharper increases.
“The above prices are as a result of the government reducing some of its charges to cushion the consumers from astronomical increases that have happened from changes in the international market,” the regulator said in the statement.
According to ZERA, without the Government’s intervention, the price of diesel would have reached US$1.90 per litre, while petrol blend would have been US$1.81 per litre.
The regulator added that it will continue to closely monitor market developments to ensure there is an adequate fuel supply in the country.
Stakeholders were also advised that official petroleum price updates can be verified through ZERA’s official communication platforms, including its website and social media pages.
Zimbabwe reviews fuel prices regularly, largely in line with international oil price movements and exchange rate developments.
The adjustments often have a ripple effect across the economy, influencing transport costs, food prices, and other goods and services.
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