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Zimbabwe’s Mutapa Investment Fund reported asset growth and an operating surplus in its 2024 annual report as it restructures state-owned enterprises to improve governance, transparency and investor confidence. Portfolio value rose 22%, driven by mining and energy holdings, alongside tighter risk controls and new reporting frameworks. Authorities say reforms have enhanced fiscal oversight, though analysts note ongoing governance and liquidity risks as the fund expands infrastructure and energy investments.
South African developer McCormick will expand into Zimbabwe with the US$100 million Mall of Zimbabwe. The major retail project is planned for Borrowdale, Harare. Led by WestProp Holdings, the development will offer about 90 000 square meters of rentable space and host over 150 brands. Construction is expected to start this year. The mall is forecasted to create thousands of jobs and support Zimbabwe’s ongoing retail and infrastructure regeneration.
Zimbabwe implemented a new gambling tax regime from January 1, requiring operators to withhold 25% of players’ winnings and pay a 20% levy on gross takings. The measures significantly increase taxes on both bettors and firms, with strict monthly filing and payment deadlines enforced by ZIMRA. Authorities said the reforms aim to boost revenue from a fast-growing gambling sector, alongside the rollout of a new withholding tax on digital services.
Mashonaland Central emerged as a potential hub for Zimbabwe’s energy and mining growth following the Mukuyu gas-condensate discovery in the Muzarabani basin. A production and profit-sharing agreement with Invictus Energy gave the state a 10% stake and could reduce fuel imports while creating jobs. The province also recorded strong gains in gold output, supported by mine revivals and new investments aligned with national development goals.
Zimbabwe’s tobacco sector expanded sharply in the 2025/26 season, with planted area rising 21.7% to 113,536 hectares, driven by increased irrigation despite fewer registered farmers. Contract farming dominated production, though self-funded growers offered renewed support for auctions. As output targets rose to 360 million kilograms after record earnings above $1 billion the previous season, authorities urged farmers to follow strict harvesting and curing practices to protect quality and returns.
Zimbabwe’s Agricultural Marketing Authority and Africa Economic Development Strategies hosted a high-level meeting on January 15 to address the country’s $2 billion annual food import bill. The talks focused on localizing grain and oilseed value chains amid global supply disruptions. Officials cited food import dependence as a security risk, highlighting new local wheat varieties, strong harvests, and import restrictions under SI 87 of 2025 to boost domestic production.
