Business
Indian investors zealous to invest in Zimbabwe
By Sam Mupedziswa
ZIMBABWE’s presentation at the India-Africa Business Conclave in August this year has started to generate significant interest among Indian companies looking to invest in the country.
A delegation from the Confederation of Indian Industry paid a courtesy call on Vice President Gen (Rtd) Dr. Constantino Guveya Dominic Nyikadzino Chiwenga at his Munhumutapa offices.
The delegation consists of business people drawn from the agro-processing, pharmaceuticals and ICT. Government Ministers in Harare this Monday, explored business opportunities in various sectors of the economy.
The visit comes after Vice President Chiwenga’s participation at the India-Africa Business Conclave in August this year.
“We can truly say that we are going to be going back as goodwill ambassadors of Zimbabwe and there are a lot of areas that we have discussed for cooperation, such as; innovations in agriculture, technology, infrastructure development, healthcare, and solar amongst other renewable energies,” leader of the delegation, Mr Rahul Mutha said.
“Like what the Vice President has said, we are connected, India and Zimbabwe are connected like an umbilical cord and we can’t negate that. As young businessmen, we commit that we are going to be coming forward with innovative solutions and investments in these areas and see to it that there are ample opportunities for the people of Zimbabwe even in terms of better infrastructure, healthcare and serving this country in any way that we can,” Mutha added.
India’s Ambassador to Zimbabwe His Excellency Bramha Kumar reaffirmed his country’s commitment to supporting Zimbabwe’s economic growth.
The Ambassador said, “Our best interest here is to support Zimbabwe in its restructuring, in its way which is the search for prosperity, and India will be able to help Zimbabwe and our South-South cooperation. Also, we have our centuries-old relations, which we value very much.”
The Minister of Industry and Commerce, Honourable Mangaliso Ndlovu was among the delegation.
Business
Kutsaga fueling food security and rural growth
Kutsaga Research Station, once synonymous with Zimbabwe’s tobacco industry, is now spearheading a transformative agricultural revolution, pivoting its scientific prowess towards rural industrialisation and national food security.
This monumental shift, lauded by Agriculture Permanent Secretary Prof. Dr. Obert Jiri at the recent ZITF 2026, marks a critical stride in aligning research with commercial viability and the nation’s ambitious Vision 2030 agricultural agenda.
Prof. Dr. Jiri said Kutsaga’s innovative expansion beyond its traditional mandate.
He specifically praised the station’s success in developing tissue-cultured virus-free sweet potatoes and pioneering industrial hemp cultivation.
These initiatives exemplify how institutional expertise can be leveraged to create commercially viable products, underscoring the imperative that research must be commercialised to ensure its long-term sustainability.
“Kutsaga’s transformation is not just about diversifying crops, it is about building resilient value chains that directly benefit our rural communities,” said Prof. Dr. Jiri.
ALSO READ: Global seed giants eye Zimbabwe as strategic hub
This strategic redirection aims to reduce the nation’s reliance on single commodities, thereby shielding farmers from the volatile impacts of market fluctuations and climate change.
The move is a direct response to Zimbabwe’s Vision 2030, which prioritises agricultural transformation as a cornerstone for economic growth and stability.
Business
Prospect Lithium Marks Historic First with Lithium Sulphate Export
Prospect Lithium of Zimbabwe has dispatched its first consignment of lithium sulphate from its newly commissioned US$400 million processing plant at Arcadia Mine.
According to the company, this is the first time lithium sulphate has been produced not only in Zimbabwe but across the African continent.
The milestone signals a significant move towards increased local processing of lithium, rather than exporting raw or semi-processed materials.
Prospect described the development as a breakthrough for the country and region, noting that the shipment represents the first production of lithium salts in Zimbabwe and Africa, and highlights progress in mineral beneficiation and industrial growth.
Zimbabwe has been tightening its policies on lithium exports in recent years. In 2022, the government banned the export of raw lithium, pushing mining companies to process the mineral into concentrates.
At that time, major players, including Prospect Lithium (owned by Huayou Cobalt), had already begun upgrading their operations.
In 2025, authorities raised the requirements further, announcing that by 2027, lithium producers will be expected to export sulphate, a higher-value product used in the manufacture of battery materials.
To support this transition, a 10% tax was introduced on lithium concentrates to encourage further processing.
Earlier this year, the government also temporarily halted concentrate exports, later allowing limited shipments under a quota system as producers adjust to the new value-addition requirements.
Business
Steelmakers Limited Drives Zimbabwe’s Industrial Growth Under Vision 2030
Zimbabwe is working to grow its industries under Vision 2030 Zimbabwe, and local companies are playing an important role in this effort.
One of these companies is Steelmakers Limited, which is helping the country produce more goods locally instead of importing them. By doing this, Zimbabwe saves foreign currency and strengthens its economy.
Steelmakers Limited stands out because it controls the whole production process. It mines iron ore in Masvingo and coal in Chiredzi, then uses these materials to produce sponge iron and finally finished steel products in Redcliff and Harare.
This means most of the work is done inside the country, creating more value locally and reducing the need to buy materials from outside.
The company also took part in the Zimbabwe International Trade Fair 2026, where it showcased its products and connected with business partners, investors, and government officials. This helped promote Zimbabwean steel and opened opportunities to sell products in other countries.
Steelmakers Limited plays a big role in national development. By producing steel locally, it reduces imports and helps keep money in the country. Its products are important for building houses, roads and factories supporting mining and agriculture. Steel is essential for development, and the company helps provide it.
The company also supports other sectors of the economy. Its operations create jobs and increase demand in transport, logistics, and engineering industries. This means its impact goes beyond just making steel.
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