Staff Reporter
As Zimbabwe’s 2025 National Budget presentation approaches, stakeholders in the mining and energy sectors are urging the Treasury to allocate substantial resources to these key economic pillars. These sectors are crucial for sustainable growth, driving foreign currency inflows, creating jobs, and bolstering value chains across the economy.
The mining sector, which continues to anchor Zimbabwe’s economic performance, is advocating for increased fiscal support to attract investment and enhance profitability.
In an interview with the media, Deputy Minister of Mines and Mining Development, Polite Kambamura, highlighted the sector’s priorities.
“The Ministry of Mines appreciates the support received, particularly with the crafting of the Mines and Mining Development Amendment Bill. However, mining companies are appealing for a reduction in taxes and royalties to improve profitability, especially given the current softening of commodity prices,” he said.
Energy sector experts are equally vocal about the need for targeted interventions to address the country’s power challenges.
An energy policy consultant, Engineer Edzai Kachirekwa emphasized the need for incentives to attract investment in energy generation.
“Treasury should consider measures such as tax holidays and favorable tariff structures to draw both local and foreign investors into the energy sector. This will be critical in resolving the country’s persistent energy challenges,” he noted.
Simultaneously, the Zambia-Zimbabwe Energy Summit is underway in Victoria Falls, bringing together local and international stakeholders to discuss urgent policy interventions for boosting energy generation. This platform provides a critical opportunity to align the region’s energy strategies with broader economic goals.
As the Treasury prepares to unveil the 2025 National Budget, stakeholders are hopeful that sufficient resources will be channeled to mining and energy sectors poised to play transformative roles in Zimbabwe’s development. With proper funding and strategic policies, these industries have the potential to not only stabilize the economy but also set it on a trajectory of sustainable growth.
The upcoming budget is expected to signal the Government’s commitment to addressing structural economic challenges while unlocking opportunities for investment and innovation in these vital sectors.
