Latest news with #JenfanMuswere
The Star
a day ago
- Business
- The Star
Zimbabwean minister hails Chinese-invested steel plant for boosting industrialization
HARARE, Aug. 16 (Xinhua) -- Zimbabwean Minister of Information, Publicity and Broadcasting Services Jenfan Muswere has said the Chinese-invested Dinson Iron and Steel Company (DISCO) has boosted the country's industrialization efforts. Speaking during a media tour on Friday, Muswere hailed the project as one of the success stories under the leadership of President Emmerson Mnangagwa, noting that it reflects Zimbabwe's quest to attain industrial sovereignty. "For many decades, Zimbabwe has been importing steel worth billions of dollars, but with the coming on board of Dinson, the country is now benefiting from import substitution," Muswere said. He said the steel plant, which was granted a Special Economic Zone (SEZ) certificate, as well as the developer and operator permits by the Zimbabwe Investment and Development Agency last week, will enhance mineral beneficiation and value addition, thereby boosting employment creation and contributing to Zimbabwe's economic growth. Xu Kemin, chief executive officer of Dinson Group, said the SEZ status will help unlock Zimbabwe's industrialization potential and contribute to the country's economic growth. "We will be available to host new investment into the industrial park, especially in the zone. We believe that the zone is going to be the most successful, most vibrant zone in the country," Xu said, adding that the steel plant will be the anchor project in the industrial zone where upstream and downstream businesses are welcome to invest. DISCO, a subsidiary of China's Tsingshan Holding Group, commenced construction of the steel plant in Midlands Province in 2022 and aims to make Zimbabwe a major regional player in steel production.
The Star
08-07-2025
- Business
- The Star
Zimbabwe projects per capita income to exceed 3,000 USD in 2025 amid economic growth
HARARE, July 8 (Xinhua) -- Zimbabwe projects its per capita income to surpass 3,000 U.S. dollars in 2025 due to an improvement in economic activity, a minister said on Tuesday. Addressing a post-Cabinet media briefing in the Zimbabwean capital of Harare, Minister of Information, Publicity and Broadcasting Services Jenfan Muswere said the continued improvement in macroeconomic indicators puts Zimbabwe firmly on the path to achieving its goal of becoming an upper-middle-income economy by 2030. Figures released by the Zimbabwe National Statistics Agency in June show that the southern African country's gross domestic product (GDP) increased to 45.7 billion U.S. dollars in 2024, up from 44.4 billion dollars in 2023. "Zimbabwe is therefore evidently making progress toward an upper-middle-income status," Muswere said. Zimbabwe experienced an economic slowdown last year due to an El Nino-induced drought, which severely affected crop production. According to the government, the country's economy is expected to grow by 6 percent this year, driven by an anticipated recovery in agriculture and strong growth in industry and services.
Zawya
27-06-2025
- Business
- Zawya
Zimbabwe projects massive rebound in maize output to ease food insecurity
Addressing a post-cabinet media briefing on Tuesday in the Zimbabwean capital of Harare, Minister of Information, Publicity and Broadcasting Services Jenfan Muswere said the southern African country is expecting maize output to rebound to 2,928,206 metric tons this year, up from last year's 635,000 metric tons, thanks to improved rainfall. Maize is a major crop in Zimbabwe, which has an annual grain requirement of about 2.2 million metric tons. The minister said that resources will continue to be provided to the Grain Marketing Board, the country's leading grain trading and marketing entity, to facilitate payments for grain deliveries by farmers. Last year, Zimbabwe was hit by one of the worst El Nino-induced droughts in decades, which cut cereal production by 77 percent and left 60 percent of the country's population food insecure, according to the government. In April last year, Zimbabwean President Emmerson Mnangagwa declared a state of disaster over the drought and appealed for more than three billion U.S. dollars to respond to the drought crisis. With a recovering agricultural industry in sight, the Food and Agriculture Organization of the United Nations and the World Food Program have recently removed Zimbabwe from their hunger hotspots list. ■ © Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (
The Star
24-06-2025
- Business
- The Star
Zimbabwe projects massive rebound in maize output to ease food insecurity
HARARE, June 24 (Xinhua) -- Zimbabwe has forecast a massive rebound in maize production this year, hoping to alleviate the country's food insecurity caused by a severe drought last year. Addressing a post-cabinet media briefing on Tuesday in the Zimbabwean capital of Harare, Minister of Information, Publicity and Broadcasting Services Jenfan Muswere said the southern African country is expecting maize output to rebound to 2,928,206 metric tons this year, up from last year's 635,000 metric tons, thanks to improved rainfall. Maize is a major crop in Zimbabwe, which has an annual grain requirement of about 2.2 million metric tons. The minister said that resources will continue to be provided to the Grain Marketing Board, the country's leading grain trading and marketing entity, to facilitate payments for grain deliveries by farmers. Last year, Zimbabwe was hit by one of the worst El Nino-induced droughts in decades, which cut cereal production by 77 percent and left 60 percent of the country's population food insecure, according to the government. In April last year, Zimbabwean President Emmerson Mnangagwa declared a state of disaster over the drought and appealed for more than three billion U.S. dollars to respond to the drought crisis. With a recovering agricultural industry in sight, the Food and Agriculture Organization of the United Nations and the World Food Program have recently removed Zimbabwe from their hunger hotspots list.
Bloomberg
10-06-2025
- Business
- Bloomberg
Zimbabwe to Ban Lithium Concentrate Exports Starting Next Year
Zimbabwe will ban exports of lithium concentrates next year as part of a push to make foreign mining companies develop refining operations in the country, a cabinet minister said. 'With effect from January 2027, the export of lithium concentrates will no longer be allowed,' Information Minister Jenfan Muswere told reporters in the capital Harare.
