Zimbabwe Approves $1.59 Billion in Investments to Boost Mining and Manufacturing
Zimbabwe has approved $1.59 billion in new investment projects during the second quarter of 2026, with a significant focus on mining and manufacturing sectors. The Zimbabwe Investment and Development Agency (ZIDA) reported that mining attracted $768.5 million, while manufacturing secured $496.7 million, together accounting for nearly 80% of the total investment. This strategic move aims to capitalize on Zimbabwe's rich mineral resources, including gold, platinum, and lithium, and to enhance local processing capabilities. The government is pushing for more domestic processing of minerals to create jobs and retain more export value. The International Monetary Fund noted that Zimbabwe's economy grew by 8.3% in 2025, with a projected 5% growth in 2026, supported by agriculture, mining, and favorable gold prices.