AGP Executive Report
Last update: 11 hours agoInvestment: Kudakwashe Tagwirei has been sworn in as Zimbabwe’s economic development and investment minister after the portfolio was split from Finance. He says his priority is mobilising capital. Energy and Logistics: A new pipeline arrangement now allows fuel from Beira to be pumped directly to Harare, strengthening a key regional supply route. But falling Kariba water levels are renewing blackout concerns, as mining power demand is forecast to reach 1,500MW. Agriculture: Government projects a 2026/27 grain shortfall of up to 542,000 tonnes, citing expected El Niño-related poor rainfall and rising fuel and fertiliser costs. Mining: A Chinese investor plans a lithium sulphate plant in Midlands, while lithium exports are boosting mineral earnings. Separately, South African investor Mzi Khumalo risks losing control of Zimbabwe gold mines over an unpaid US$70 million purchase price. Business Outlook: The IMF projects 5% economic growth in 2026, but Delta says punitive taxes are squeezing Zimbabwe’s beer value chain.
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