Zimbabwe Gold Output Target 220000 Ounces by 2029

Mutapa Gold Resources plans to double annual production to 220,000 ounces by 2029, backed by expansion funding.

Mining Export Earnings Surge in Q1 2026

Zimbabwe's mining export earnings surge in Q1 2026 driven by stronger global mineral prices.

Zimbabwe's mining sector recorded higher export earnings in the first quarter of 2026, driven by stronger global mineral prices. The surge comes as gold, platinum, and other mineral prices remain favorable on international markets. The mining sector is a key contributor to Zimbabwe's foreign currency earnings. The export earnings boost provides a much-needed injection of foreign currency into the economy. The government has been pursuing policies to attract investment in the mining sector.

Mutapa Gold Targets 220,000 Ounces by 2029

Mutapa Gold Resources plans to double annual production to 220,000 ounces by 2029.

Mutapa Gold Resources plans to double annual gold production to 220,000 ounces by 2029. The company secured funding for expansion projects at two of its mines, according to Reuters. Mutapa, the country's largest gold producer and a subsidiary of the sovereign wealth fund, produced 104,626 ounces in the financial year ending March 2025. Global gold prices remain favorable, boosting the mining sector's export earnings. The Mutapa Investment Fund recently received a US$22.5 million dividend from its gold unit, signaling streamlined operations. Mining export earnings surged in the first quarter of 2026, driven by stronger global mineral prices. The core vulnerability is the reliance on volatile international gold prices.

Zimbabwe Introduces First Crypto Regulations

Zimbabwe introduces first cryptocurrency regulations requiring digital asset businesses to register and pay licensing fees.

The Zimbabwean government introduced its first cryptocurrency regulations, requiring digital asset businesses to register with authorities and pay annual licensing fees. Finance Minister Mthuli Ncube issued the new rules, which cover companies involved in buying, selling, transferring, and exchanging cryptocurrencies. The move brings cryptocurrency trading into the mainstream regulatory framework. The regulations aim to curb illicit financial flows and protect consumers in the rapidly growing digital asset market. Zimbabwe joins a growing list of African nations establishing legal frameworks for cryptocurrencies. The government has not yet specified the licensing fee amounts or enforcement mechanisms. The core vulnerability is the potential for regulatory gaps to be exploited by unregistered entities operating outside the new framework.

Mutapa Fund Gets US$22.5 Million Gold Dividend

Mutapa Investment Fund receives US$22.5 million dividend from its gold unit.

The Mutapa Investment Fund received a US$22.5 million dividend from its gold unit, reflecting the surging impact of streamlined operations. MIF is Zimbabwe's sovereign wealth fund, established to hold, manage, and grow the country's strategic public assets and state-owned enterprises. The dividend payout follows a restructuring of the gold unit earlier this year. The dividend underscores the strong performance of Zimbabwe's gold mining sector despite economic challenges. The payout provides a significant return to the state-owned fund, which can reinvest in other strategic assets. The restructuring has positioned the gold unit for further growth. The core vulnerability is the reliance on volatile international gold prices, which could impact future dividend payments.

Zimbabwe Close to Civil War, Says Chiwenga Source

Source close to VP Chiwenga says Zimbabwe has never been this close to a civil war amid CAB3 debate.

A source close to Vice President Constantino Chiwenga said Zimbabwe has never been this close to a civil war. The comment comes amid a strong push for President Emmerson Mnangagwa to stay in office beyond his constitutionally mandated two terms through Constitutional Amendment Bill No. 3 (CAB3). The bill would extend the presidential term by two years to 2030 and have Parliament elect the President. The source's warning highlights the deep political tensions within the ruling Zanu PF party and the country at large. The CAB3 debate has exposed divisions between factions supporting Mnangagwa and those backing Chiwenga. The political standoff has raised concerns about stability and governance. The core vulnerability is the potential for political violence if the constitutional amendment process is perceived as illegitimate.

Opposition MPs First Proposed Voters Roll Shift

Justice Minister says opposition MPs first proposed shifting voters' roll from ZEC to Registrar-General.

Justice Minister Ziyambi Ziyambi told Parliament that opposition MPs Charlton Hwende, Tendai Biti, and Alan Markham first raised the need to shift the voters' roll from the Zimbabwe Electoral Commission (ZEC) to the Registrar-General. Ziyambi made the statement during his second reading speech on the Constitution Amendment Bill Number 3 (CAB3). Clause 2 of CAB3 proposes transferring voter registration duties from ZEC to the Registrar-General. The minister's revelation aims to counter criticism that the clause is a government power grab. Opposition MPs have largely rejected CAB3, arguing it undermines democratic principles. The debate has exposed deep divisions over electoral reforms. The core vulnerability is the potential for the voters' roll transfer to undermine the independence of the electoral process.

Lawmakers Clash Over Electoral Reforms

Lawmakers clash over proposal to strip ZEC of voter registration duties as part of CAB3.

Lawmakers are fiercely divided over a controversial proposal to strip the Zimbabwe Electoral Commission (ZEC) of its voter registration duties. The proposal is part of the Constitution Amendment Bill Number 3 (CAB3), which has sparked intense debate in Parliament. The clause would transfer voter registration to the Registrar-General's office. Opposition MPs argue the move would undermine the independence of the electoral process and concentrate power in the executive. Ruling party MPs support the change, citing administrative efficiency. The debate has exposed deep divisions over electoral reforms. The core vulnerability is the potential for the voters' roll transfer to undermine the independence of the electoral process.

Secret Footage Shows 500kg Gold Movement

Secret footage shows 500kg of Zimbabwe-tagged gold moving between Zimbabwe and Kenya during CAB3 hearings.

ZimEye released secret footage showing more than 500 kilograms of Zimbabwe-tagged gold moving between Zimbabwe and Kenya during the CAB3 hearings. The footage was released by the investigations team at ZimEye. The gold movement raises questions about the timing and purpose of the shipment. The footage has sparked outrage and calls for an investigation into the gold movement. The government has not commented on the footage. The release comes amid heightened political tensions over the CAB3 debate. The core vulnerability is the potential for the gold movement to be linked to illicit financial flows or political corruption.

Chivayo Gifts Car, Cash to CAB3-Backing MP

Businessman Wicknell Chivayo gifts car and cash to opposition MP backing CAB3, sparking bribery accusations.

Controversial businessman Wicknell Chivayo sparked outrage after publicly gifting opposition MP Samantha Mureyani a brand-new vehicle and cash. The gift comes as Mureyani backs the Constitution Amendment Bill Number 3 (CAB3). Critics accuse Chivayo of bribing the MP to secure her support for the bill. Chivayo's spokesperson dismissed concerns over the gifts, calling them rewards for the MP's work. The incident has fueled accusations of corruption and vote-buying in the CAB3 debate. The opposition has called for an investigation into the matter. The core vulnerability is the potential for the gifts to undermine the integrity of the legislative process.

Outrage Over Chivayo Bribes in CAB3 Debate

Outrage over Chivayo's gifts of car and cash to opposition MP backing CAB3.

Outrage erupted over businessman Wicknell Chivayo's gifts of a car and cash to opposition MP Samantha Mureyani, who backs the Constitution Amendment Bill Number 3 (CAB3). Tshabangu's spokesperson, Nqobizitha Mlilo, dismissed concerns over the gifts, calling them rewards for the MP's work. The incident has fueled accusations of corruption and vote-buying. The opposition has called for an investigation into the matter. The gifts have raised questions about the integrity of the legislative process. The CAB3 debate continues to dominate political discourse in Zimbabwe. The core vulnerability is the potential for the gifts to undermine the integrity of the legislative process.

The Jeere 2026-06-15  ·  stories

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