Business
RBZ Says Zimbabwe On Track For 2030 Return to Single Currency
Authorities say Zimbabwe is firmly on course to revert to a sole national currency by 2030, with the Reserve Bank of Zimbabwe (RBZ) confirming that key prerequisites for de-dollarisation have now been met.
RBZ deputy governor Innocent Matshe moved to calm concerns around the transition, revealing that the central bank has cleared all outstanding foreign-currency obligations linked to the auction system. The bank had been sitting on US$60 million worth of unpaid allotments.
Speaking at the Chamber of Mines of Zimbabwe’s 2025 State of the Mining Industry breakfast meeting in Harare yesterday, Matshe said the clean-up of arrears was a crucial step in restoring confidence ahead of the planned mono-currency regime.
“For the past 12 months, our performance has been remarkable,” he said. “We have strengthened our position significantly and now sit at around US$1 billion.”
Matshe added that the progress reflects improved discipline within the foreign-exchange system and signals the bank’s readiness to steer the country towards full de-dollarisation within the set timeframe.
Business
Minister Ncube urges Midlands manufacturers to embrace renewable energy
Midlands Province manufacturing firms must immediately pivot towards establishing their own renewable energy plants to align with the Second Republic’s developmental goals, Minister of State for Provincial Affairs and Devolution, Hon. Owen Ncube, has said.
Officiating during a tour of the Clover New Energy (Pvt) Ltd 20-megawatt solar power plant construction site in Gweru, Minister Ncube challenged industrialists to follow the example set by the Chinese-invested project, emphasising that self-sufficiency in power generation is no longer optional but a strategic necessity enshrined in the National Development Strategy (NDS) 2.
“I therefore urge other manufacturing companies in the province to establish similar renewable energy plants in line with the Second Republic’s NDS 2 Pillar on Infrastructure Development and Housing, which entrenches expansion of the nation’s renewable energy capacity,” said Minister Ncube.
He commended the USD 20 million project, a subsidiary of Jin An Chrome Smelting Company, as a benchmark in public-private partnership, highlighting its role in reducing electricity imports and operational costs.
“Ladies and Gentlemen, since the inception of the Second Republic under the astute leadership of His Excellency the President of the Republic of Zimbabwe, Cde Dr Emmerson Mnangagwa, bold and strategic policy decisions were adopted to improve energy sufficiency, efficiency and security through incentives, duty-free solar imports and the requirement for heavy industries to develop their own power supply by 2026,” he said.

Minister Ncube described the plant as a tangible outcome of the comprehensive strategic partnership between Zimbabwe and the People’s Republic of China, a relationship he said is critical for technology transfer and job creation.
“I therefore commend Clover New Energy Private Limited, a subsidiary of Jin An Chrome Smelting Company, for implementing this climate-smart, energy-efficient solar project critical in reducing electricity imports, energy bills and carbon emissions,” he said.
The tour also served as a platform to show the government’s broader energy milestones, including the Kariba Floating Solar Plant, the Munyati Solar Park, and Hwange Units 7 and 8, as proof that the drive towards an empowered upper middle-income society by 2030 is on course.
“Ladies and Gentlemen, attainment of Vision 2030 under the stewardship of His Excellency, the President of the Republic of Zimbabwe, Cde Dr Mnangagwa, is achievable and unstoppable,” said Minister Ncube.
He also called for robust public support for the Constitutional Amendment No. 3 of 2026 currently at the consultation stage.
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.
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