AGP Executive Report
Last update: 10 hours agoMining & Energy: Australian Invictus Energy says it has awarded key well pad and civil works contracts for its Musuma-1X gas/condensate exploration in Zimbabwe, with drilling targeted for later this year, while Government has endorsed Namib Minerals’ Redwing Mine restart in Manicaland after inspections of dewatering, pumping, hoisting and electrical upgrades. Gold & Jobs: The Redwing push is framed as a boost to gold output, employment and formal mining regulation as illegal mining and unauthorised processing sites are flagged for action. Agriculture & Climate Resilience: Community seed banks in Chipinge are helping farmers preserve indigenous varieties as El Niño-linked weather shifts force later planting and worsen drought impacts. Food Security: Zimbabwe is nearing the end of hard wheat imports as local breeding improves quality for millers, aiming to cut the US$124.5m–US$135m import bill. Health Sector: Government launched the National Health Strategy 2026–2030, targeting 32,000 new health worker posts, 15% domestic health funding, and internet connectivity for all public facilities by 2030. SMEs & Jobs: Zimbabwe’s MSMEs now employ 5 million-plus people and contribute about 60% of GDP, with officials pointing to better finance and market access as the next growth lever. Markets & Investment: VFEX capitalisation jumped to US$3.91bn in June, nearly 40% above ZSE, as investors keep shifting toward USD-linked assets. Water & Infrastructure: Harare City Council starts sewer rehabilitation in Mbare to replace ageing lines and tackle chronic blockages. Social & Community: Binga villagers demand clarity over Gwayi-Shangani Dam relocation, with 500+ families still in limbo over compensation and timelines.
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