Godfrey Marawanyika

Zimbabwe’s main state-owned diamond miner aims to produce five million carats this year, up from 3.8 million in 2025, even amid geopolitical tensions and a proliferation of synthetic gems.

Zimbabwe banned foreign companies and individuals from small-scale gold mining in a move aimed at protecting local jobs and benefiting the domestic economy.

China’s Zhejiang Huayou Cobalt Ltd. plans to set up a lithium carbonate plant in Zimbabwe, according to the southern African country’s mines minister.

Zimbabwe is in talks with the African Development Bank for a $150 million loan as part of efforts to clear billions of dollars of debt arrears, Finance Minister Mthuli Ncube said.

Zimbabwe seeking $150m AfDB loan to tackle debt default As part of efforts to clear billions of dollars of debt arrears, Finance Minister Mthuli Ncube said.

Zimbabwe’s central bank became the first in the world to cut interest rates after the US and Iran said they reached an interim peace deal to reopen the Strait of Hormuz, an announcement that drove down oil prices.

Zimbabwe has licensed a second gold refinery to handle purchases and processing of the southern African nation’s increasing output of the precious metal.

Zimbabwe licenses second gold refinery to handle rising output The refinery located in Bulawayo, is due to be commissioned next year.

Zimbabwean lawmakers approved a controversial amendment to the constitution that will lay the ground for President Emmerson Mnangagwa to extend his rule by two years.

The nation’s 83-year-old president is set to remain in office until 2030.