Chinese investors have cited policy inconsistencies and infrastructure bottlenecks as key impediments to doing business in Zimbabwe.

A binding sale and purchase agreement has already been signed between the parties, he said, marking a significant milestone in finalising the transaction.

EDGARS Stores Limited has allocated US$1,3 million in capital expenditure (capex) for its current fiscal year ending January 4, 2026

“We are not going to be allowing any more chrome or lithium to leave Zimbabwe raw in NDS2,”

Battered by the headwinds, many companies have opted for corporate rescue, downsizing, or outright shutdown.

Kavango has three projects in Zimbabwe — Hillside, Nara Gold and Leopard.

Togarasei said the future rollout of new products and services would be phased, guided by customer uptake, performance and the strategic priorities of both partners.

The move comes as the local property market continues to emerge as one of the most reliable hedges against Zimbabwe’s persistent economic volatility.

The shift is being driven by Statutory Instrument 218 of 2023, which permits the existing multi-currency regime only until 2030. After this date, ZiG will become the sole legal tender.

The current approval system for development permits is the single biggest stumbling block for us as developers. Its uncertainty and cumbersome nature make it a nightmare.

In an interview with businessdigest, OMZ chief investment officer Benjamini Sithole said small-scale miners should organise themselves to take advantage of the US$25 million fund.