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Zimbabwe
Joined August 2021
MUTAPA GOLD RESOURCES’ PROFIT SURGES 200% TO US$156 MILLION. January–September 2026 Performance: -Profit after tax: US$156 million, up 200% from US$52 million. -Gold production: 89,639 ounces, up 16%. -Q3 revenue: US$127 million, up 39%. -Q3 EBITDA: US$67 million, up 58%. -Gold price realised: US$4,211/oz, up 22%. -2026 production forecast: Above 110,000 ounces. Expansion Projects: -Shamva Hill: US$240 million investment, targeting 80,000 ounces annually by 2028. -Jena Mines: Expansion targeting 40,000 ounces annually. Mutapa Gold Resources is a Zimbabwean state-owned mining group.
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Zimbabwe Economic Review retweeted
SCOTT SAKUPWANYA’S BETTERBRANDS GOLD DELIVERS 78.8 TONNES OF GOLD BETWEEN 2021 AND OCTOBER 2025. Betterbrands Gold, chaired by Pedzai “Scott” Sakupwanya, has emerged as a major supplier to Fidelity Gold Refinery. Reported gold deliveries: ✳️2021: 14 tonnes ✳️2022: 18 tonnes ✳️2023: 13 tonnes ✳️2024: 15 tonnes ✳️Jan–Oct 2025: 18.8 tonnes, valued above US$1.9 billion Total: 78.8 tonnes (2021–Oct 2025). The company supports small-scale miners through equipment, fuel and mining inputs. Its new Bulawayo gold refinery is reportedly complete, awaiting official opening. Credit; @Mining_Zimbabwe
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ZIMBABWE ECONOMY TO REACH US$69.1 BILLION IN 2027 - MTHULI NCUBE. Finance Minister Prof. Mthuli Ncube presented the following economic projections at the 2027 Pre-Budget Seminar in Bulawayo today: 🔹GDP: US$66.4bn (2026) → US$69.1bn (2027) 🔹Economic growth: 8.3% (2025), 5% (2026), 3.5% (2027) 🔹Exports: US$14.9bn (2026) → US$15.7bn (2027) 🔹Diaspora remittances: US$3.2bn (2026) → US$3.4bn (2027) 🔹Current account surplus: US$3.9bn projected for 2026 🔹Gold and forex reserves: US$2.2bn projected 🔹Manufacturing investment: US$3.56bn 🔹2026 Government revenue: US$9.4bn projected 2026 Government expenditure: US$9.5bn projected 🔹2027 budget deficit target: Below 3% of GDP Government anticipates slower growth in 2027 due to Super El Niño drought risks, while prioritising infrastructure, agriculture, industrialisation and macroeconomic stability. Source: Ministry of Finance, 28 October 2026.
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ZIMBABWE'S GDP PROJECTED TO REACH US$69.1 BILLION IN 2027. Zimbabwe's nominal GDP is projected to increase from US$66.4 billion in 2026 to US$69.1 billion in 2027, according to Finance Minister Prof. Mthuli Ncube. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S ECONOMIC GROWTH PROJECTED AT 5% IN 2026, 3.5% IN 2027. Finance Minister Prof. Mthuli Ncube outlined Zimbabwe's economic growth figures: ✅2025: 8.3% ✅2026: 5.0% (projected) ✅2027: 3.5% (projected) The anticipated slowdown in 2027 reflects climate risks associated with a potential Super El Niño and global economic uncertainties. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S EXPORTS PROJECTED TO REACH US$15.7 BILLION IN 2027. Finance Minister Prof. Mthuli Ncube outlined Zimbabwe's export performance and projections: 🟢2025: US$11.0 billion 🟢2026: US$14.9 billion (projected) 🟢2027: US$15.7 billion (projected) Exports increased by 60.7% to US$9 billion during January–August 2026, driven by gold, tobacco, platinum group metals, lithium and steel. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S DIASPORA REMITTANCES PROJECTED TO REACH US$3.4 BILLION IN 2027. Finance Minister Prof. Mthuli Ncube announced the following figures: ✳️2025: US$2.6 billion (approximately, implied by H1 growth) ✳️2026: US$3.2 billion (projected) ✳️2027: US$3.4 billion (projected) Diaspora remittances exceeded US$1.55 billion during January–June 2026, representing a 41.4% increase over the corresponding period in 2025. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S CURRENT ACCOUNT SURPLUS PROJECTED TO REACH US$3.9 BILLION IN 2026. Finance Minister Prof. Mthuli Ncube announced Zimbabwe's current account performance: 🔵2025: US$2.1 billion surplus 🔵2026: US$3.9 billion surplus (projected) 🔵Increase: US$1.8 billion (85.7%) 🔵During January–June 2026, Zimbabwe recorded a US$1.1 billion surplus, compared to US$248.2 million during the same period in 2025. The improvement was supported by strong exports, diaspora remittances and higher gold and platinum prices. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S CURRENT ACCOUNT SURPLUS PROJECTED TO REACH US$3.9 BILLION IN 2026. Finance Minister Prof. Mthuli Ncube announced Zimbabwe's current account performance: 🔵2025: US$2.1 billion surplus 🔵2026: US$3.9 billion surplus (projected) 🔵Increase: US$1.8 billion (85.7%) 🔵During January–June 2026, Zimbabwe recorded a US$1.1 billion surplus, compared to US$248.2 million during the same period in 2025. The improvement was supported by strong exports, diaspora remittances and higher gold and platinum prices. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S DIASPORA REMITTANCES PROJECTED TO REACH US$3.4 BILLION IN 2027. Finance Minister Prof. Mthuli Ncube announced the following figures: ✳️2025: US$2.6 billion (approximately, implied by H1 growth) ✳️2026: US$3.2 billion (projected) ✳️2027: US$3.4 billion (projected) Diaspora remittances exceeded US$1.55 billion during January–June 2026, representing a 41.4% increase over the corresponding period in 2025. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S EXPORTS PROJECTED TO REACH US$15.7 BILLION IN 2027. Finance Minister Prof. Mthuli Ncube outlined Zimbabwe's export performance and projections: 🟢2025: US$11.0 billion 🟢2026: US$14.9 billion (projected) 🟢2027: US$15.7 billion (projected) Exports increased by 60.7% to US$9 billion during January–August 2026, driven by gold, tobacco, platinum group metals, lithium and steel. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S ECONOMIC GROWTH PROJECTED AT 5% IN 2026, 3.5% IN 2027. Finance Minister Prof. Mthuli Ncube outlined Zimbabwe's economic growth figures: ✅2025: 8.3% ✅2026: 5.0% (projected) ✅2027: 3.5% (projected) The anticipated slowdown in 2027 reflects climate risks associated with a potential Super El Niño and global economic uncertainties. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE'S GDP PROJECTED TO REACH US$69.1 BILLION IN 2027. Zimbabwe's nominal GDP is projected to increase from US$66.4 billion in 2026 to US$69.1 billion in 2027, according to Finance Minister Prof. Mthuli Ncube. Source: 2027 Pre-Budget Seminar, 28 October 2026.
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ZIMBABWE ECONOMY TO REACH US$69.1 BILLION IN 2027 - MTHULI NCUBE. Finance Minister Prof. Mthuli Ncube presented the following economic projections at the 2027 Pre-Budget Seminar in Bulawayo today: 🔹GDP: US$66.4bn (2026) → US$69.1bn (2027) 🔹Economic growth: 8.3% (2025), 5% (2026), 3.5% (2027) 🔹Exports: US$14.9bn (2026) → US$15.7bn (2027) 🔹Diaspora remittances: US$3.2bn (2026) → US$3.4bn (2027) 🔹Current account surplus: US$3.9bn projected for 2026 🔹Gold and forex reserves: US$2.2bn projected 🔹Manufacturing investment: US$3.56bn 🔹2026 Government revenue: US$9.4bn projected 2026 Government expenditure: US$9.5bn projected 🔹2027 budget deficit target: Below 3% of GDP Government anticipates slower growth in 2027 due to Super El Niño drought risks, while prioritising infrastructure, agriculture, industrialisation and macroeconomic stability. Source: Ministry of Finance, 28 October 2026.
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Zimbabwe Economic Review retweeted
Scenes from the 2027 Pre-Budget Seminar held in The City of Kings & Queens, Bulawayo Zim2027Budget
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SCOTT SAKUPWANYA’S BETTERBRANDS GOLD DELIVERS 78.8 TONNES OF GOLD BETWEEN 2021 AND OCTOBER 2025. Betterbrands Gold, chaired by Pedzai “Scott” Sakupwanya, has emerged as a major supplier to Fidelity Gold Refinery. Reported gold deliveries: ✳️2021: 14 tonnes ✳️2022: 18 tonnes ✳️2023: 13 tonnes ✳️2024: 15 tonnes ✳️Jan–Oct 2025: 18.8 tonnes, valued above US$1.9 billion Total: 78.8 tonnes (2021–Oct 2025). The company supports small-scale miners through equipment, fuel and mining inputs. Its new Bulawayo gold refinery is reportedly complete, awaiting official opening. Credit; @Mining_Zimbabwe
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Zimbabwe Economic Review retweeted
HARARE CITY COUNCIL ISSUES 14-DAY ULTIMATUM TO ILLEGAL SETTLERS. Harare City Council has given beneficiaries of regularised illegal settlements 14 days from 26 October 2026 to comply with outstanding requirements or face demolitions. Residents must pay regularisation penalties, land charges and construction fines, submit approved building plans and address outstanding infrastructure requirements. Council will demolish non-compliant structures, buildings on environmentally sensitive land and structures occupying reserved public facilities. All demolition, rubble removal and site restoration costs will be borne by property owners.
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Zimbabwe Economic Review retweeted
ZIMBABWE OCTOBER INFLATION UPDATE: ZiG RISES TO 4.3%. Zimbabwe’s annual ZiG inflation increased to 4.3% in October 2026, from 3.7% in September and 2.9% in August. Meanwhile, annual USD inflation eased to 3.2%, down from 3.5% in September. According to ZimStat, rising transport costs were the main driver of inflation in October.
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Zimbabwe Economic Review retweeted
ZINARA SECURES US$400 MILLION FOR THREE STRATEGIC HIGHWAYS. ZINARA has secured US$400 million through a CBZ infrastructure bond, backed by ring-fenced funds, to finance rehabilitation of the Bulawayo–Victoria Falls, Harare–Chirundu and Beitbridge–Harare highways. “The funding is mainly for the Beitbridge–Harare, Harare–Chirundu and Bulawayo–Victoria Falls highway projects,” said ZINARA. Meanwhile, all eight contractors have resumed work on the Bulawayo–Victoria Falls Highway, each targeting 20km before year-end.
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