Invest in Zimbabwe @mthulincube
@MthuliNcube01
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In existence to promote Zimbabwe as a conducive investment destination 🇿🇼
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Today, I was greatly honored to be awarded an accolade of the African Finance Minister of the Year by the Reputation Poll International in the United Kingdom at the 2023 Global Reputation Forum in the House of Lords in Central London. 🇬🇧🇿🇼
#InvestmentPromotion
#Vision2030
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It is an honor to have been named among the 100 most influential global voices for 2023/2024 by the Leaders Without Borders Development Center. I am humbled by this recognition, and I will continue to work and make a positive impact. 🇿🇼🌎
#EconomicStability
#InvestmentPromotion
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Zimbabwe rolled out a new gold-backed currency called the Zimbabwe Gold (ZiG) through the recently published SI 60 of 2024. ZiG is backed by foreign exchange reserves, gold & other valuable minerals held by the
@ReserveBankZIM
. I invite you to watch the video below to learn more.
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On this Workers’ Day, I honor the diligence and commitment of the Zimbabwean workforce. Your tireless efforts are driving our nation’s development. Together, we can continue to build a prosperous and thriving Zimbabwe. Wishing you all a restful and enjoyable Workers’ Day!
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Today, I am in Beitbridge for the tour of the Beitbridge Border Post and official opening of the Tsakani ZIMRA flats. This is in pursuit of the President, Cde Dr
@edmnangagwa
's thrust of ensuring decent housing. Ilizwe lakhiwa ngabanikazi balo.
#NDS1
#Vision2030
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1/2. Today, I addressed at a meeting of Veterans of the Liberation Struggle in Entumbane, Bulawayo Province, where I talked of the recently introduced Zimbabwe Gold (ZiG). The presentation touched on the government's commitment to currency stability, economic growth
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Efficient transport infrastructure provides economic & social benefits by improving market accessibility & productivity. To date, a total of 450 km has been opened to traffic for the Harare-Masvingo-Beitbridge Road & the remaining 129 km are expected to be completed by year end.
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I had a meeting with the President of the New Development Bank, Dilma Rouseff
@dilmabr
, here in Shanghai, China on the sidelines of the Zimbabwe Capital Markets Investment Promotion Conference. We discussed opportunities for economic cooperation & development
#InvestmentPromotion
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I am currently in South Africa to participate in the Zimbabwe Investment Summit, an event that aim to showcase the vast economic potential & opportunities available in our country. I have had an opportunity to share the vision for the nation’s economic future
#InvestmentPromotion
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As the Borrowdale Road project advances, we'd like to express our unwavering commitment to funding infrastructure development initiatives. This dedication to improving our roads and public spaces helps build a brighter, more connected transport system.
#NDS1
#InvestmentPromotion
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Mutapa Investment Board Appointments. May I take this opportunity to congratulate and wish all those appointed well in their new roles.
#Vision2030
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I had a wonderful meeting in Washington DC at IMF/World Bank Spring meetings, with Hon Andrew Mitchell, UK Minister for Development and Africa, and Deputy Foreign Secretary. We discussed areas such as progress on Zimbabwe’s Debt Arrears Clearance process and the economy
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The following roads have been completed in 14 days except for road markings (in progress);
• East Road
• Milton Street
• Section of Cork Road
• Section of Thurston Road
• Normandy Road
��� Portion of King George
• Portion of Ahmed Ben Bella Avenue
#NDS1
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Under the visionary leadership of President
@edmnangagwa
, infrastructure development has become the beating heart of the government's economic agenda. We are leaving no place behind. Surfacing is progressing well on the Shurugwi Mhandamabwe Road Construction Project.
#NDS1
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Today, I presided over the signing of the grant agreement between the Zimbabwean 🇿🇼 and Japanese 🇯🇵 Governments for the construction of the North-South Corridor. This road project is part of a regional initiative to improve trade and transport connections between Zimbabwe,...
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The Harare Chirundu Road Rehabilitation and Upgrading Project is an initiative of the
@edmnangagwa
-led Second Republic with the goal of improving transportation infrastructure & access to vital services. This includes the construction of a new interchange at the Lomagundi/Harare
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The usability of the ZiG is a key question for many people. In this video, I'll address the practical applications of the Zimbabwe Gold (ZiG). I'll also discuss its implications for the economy and how it fits into our current financial system. Thank you for watching.
I'll be posting videos addressing all frequently asked questions. This is my way of providing the information needed in a clear and concise manner. So stay tuned and check back often for new videos.
#Engagement
#ZimGold
#InvestmentPromotion
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All legitimate requests for foreign currency made through proper banking systems will be fully satisfied as the country’s reserves are well stocked to meet demand.
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Treasury is committed to being transparent and accountable, and we are happy to witness that progress is being made on the Mbudzi Interchange project. The construction of 15 bridges is underway, with the decking for Bridges 4 and 5 already in place.
#NDS1
#Vision2030
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Road infrastructure is vital for economic development &
#InvestmentPromotion
. It facilitates the efficient movement of goods & services, reduces transport costs & creates a favorable business environment for investors. This is the G1 (Crushed Stone Base) Processing on Boulevard.
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I recently hosted a session at my office, where I provided feedback on the Zimbabwe Capital Markets Investment Promotion Conference that was held in China. I appreciated the opportunity to share my insights and hear the thoughts and questions of the media.
#InvestmentPromotion
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We are committed to transforming our country into a thriving hub of commerce and connectivity, where the flow of goods, services, and people is seamless. Parliament - Second Street Extension and Harare - Bindura Road construction is well underway.
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The Acturus Road Rehabilitation Project is making good progress. This project is part of our efforts to upgrade the country's infrastructure, which is a key pillar of the
#NDS1
. Infrastructure development is crucial for
#InvestmentPromotion
and stimulating economic growth.
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Watch as I lay out the Government of Zimbabwe ably led by President
@edmnangagwa
's vision for currency stability on Bloomberg. This is a pivotal moment for the Zimbabwean economy, and I am glad to share my insights with the world.
Link:
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The streets of Harare are aglow with a renewed sense of vibrancy and safety, as the thoroughfares of Nemakonde Way—from the bustling Harare Drive to the iconic Westgate Traffic Circle—have been transformed with the illumination of energy-efficient lighting solutions!
#NDS1
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A progress report has revealed that 472.65 kilometers of the Harare - Masvingo - Beitbridge Road have been opened to traffic, with 107.35 kilometers left to complete. This is an encouraging sign of progress on the project, which is a commitment by Government in line with
#NDS1
.
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It is the thrust of our Government to ensure inclusivity and openness in discharging of duties. True to this thrust I have opened this handle for constant engagement purposes. We are upholding the open door policy. Feel free to engage.
#InvestmentPromotion
#Vision2030
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This award is a recognition of all the work I and the
@ZimTreasury
team have put into implementing various economic policies and financial management that have spearheaded the transformation of the economy.
#NDS1
#InvestmentPromotion
#Vision2030
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“We will come back to Johannesburg beginning of May for a bigger investor summit. Then, on capital markets, we will go to London and New York. So this is a global campaign of turning around capital markets. We are also marketing our offshore....”
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1. Behold! The
@edmnangagwa
led Government delivers. The East Road rehabilitation project is progressing well, with asphalt being applied to the road surface. East Road runs parallel to Sam Nujoma Street (formerly Second Street), & this rehabilitation is part of a wider effort to
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1. During the Capital Markets Investment Promotion Conference in Shanghai, I toured several Chinese companies that have invested in Zimbabwe. The Government is focused on attracting sustainable foreign direct investment & implementing reforms to improve the ease of doing business
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In this video, I discuss the fiscal measures that we are putting in place to strengthen the Zimbabwe Gold (ZiG). These measures are critical in ensuring that the ZiG remains a robust currency. I hope this discussion will provide you with greater insight into the steps to be taken
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The technology I witnessed in China is remarkable. The integration of AI into the manufacturing sector is leading to increased productivity & efficiency. I was able to experience first-hand the capabilities of AI technology through the use of driverless cars & robotic assistants.
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The government remains steadfast in its commitment to delivering high-quality infrastructure, and the progress made on the Harare-Bindura Road Dualization Project is a reflection of this dedication.
#NDS1
#Vision2030
#InvestmentPromotion
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Today, we launched the Drone Surveillance system at the Beitbridge Border Post. The Drone Surveillance will provide an aerial view & monitor activities at the border to reduce smuggling & enhance revenue collection. I also had an opportunity to interact with visitors.
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The rehabilitation of Julius Nyerere Way, among other roads, serves as a testament to the Government's dedication to improving the quality of life for its citizens and revitalizing the business environment. This commitment is a critical step towards achieving
#Vision2030
.
#NDS1
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Today, I am proud to announce that the government has committed US$16.8 million from the African Risk Capacity Drought Insurance pay-out to support 508 435 vulnerable households in 27 districts across the country.
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I had the opportunity to tour the Arenel Foods and Baker's Inn factories in Bulawayo. It was an eye-opening experience, and I gained valuable insight into their operations and the challenges they face. We are committed to ensuring that policy direction supports businesses.
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Yesterday, I visited Tuli Coal Project, a high impact project with the capacity of employing 5,000 people. This is a partnership between the Government & Private Investors consisting of a Coal Mine, Cocking Coal Plant, Ferrochrome Mine & a Power Plant with a capacity of 1200 MW.
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I was pleased to meet with officials from the China Exim Bank to discuss ongoing partnerships. I'd like to highlight their generous support of the Hwange 7 & 8 Project, which added 600 MW of power to our national grid. This funding has been invaluable in meeting our energy needs
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The Mbudzi Interchange Construction Project is progressing at an impressive pace, with priming work now underway on the Masvingo Glen Norah Loop. This crucial component of the project represents a significant step forward in the modernization of Zimbabwe's road infrastructure.
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President
@edmnangagwa
will officially open the
#UNECA
#CoM2024
tomorrow. The conference is running under the theme: Financing the transition to inclusive green economies in Africa: Imperatives, opportunities, and policy options. This resonates well with the national
#Vision2030
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Government, under the able leadership of President
@edmnangagwa
's development agenda, seeks to leave no one and no place behind. Application of asphalt on Harare Beitbridge Road rehabilitation and upgrading project (Beitbridge Rural Section)
#NDS1
#InvestmentPromotion
#Vision2030
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1. The Zimbabwe Capital Markets Investment Promotion Conference has been a resounding success, with delegates gathering to explore opportunities for investment and collaboration in Zimbabwe. The conference highlighted the importance of sustainable and inclusive economic growth
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1/3 I am participating in the High-Level Roundtable Discussions at the International Energy Forum in Riyadh, Saudi Arabia, where Zimbabwe has been tasked with developing a Carbon Market Framework for Africa. There are ongoing discussions on how growing economies such as Zimbabwe
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Press statement on the Transition from ZWL to the New Currency - Zimbabwe Gold (ZiG): Measures to Promote Market Adoption and Acceptance.
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Today, I met with the incoming Japanese Ambassador to Zimbabwe H.E. Yamanaka Shinichi, where we discussed on cementing our bilateral ties. We discussed on mutual cooperation in Infrastructure Development, Agriculture, Mining, Manufacturing & Development of Zim's Space Technology.
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Government is committed to funding the Chivhu-Gutu-Lothian road resurfacing project. This project is essential for improving the condition of the road and ensuring the safety of drivers, pedestrians i.e local businesses and residents, by making it easier for them to travel.
#NDS1
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Yesterday, I officiated at the occasion of the Product Launch of Contract for Differences (CFDs) at the VFEX. This represents a positive step as it provides investors with versatile and dynamic tools to participate in the financial markets through regulated instruments.
#NDS1
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Today, I embarked on a diverse tour of stands at the ZITF. My itinerary included stops at the China, Brazil, and ZimStats stands among others, where I engaged with potential investors and gathered insights into their trade interests in Zimbabwe.
#InvestmentPromotion
#Vision2030
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In order to align with international best practices, enhance investor protection, promote market integrity, and build investor confidence through ensuring fair, efficient, and transparent markets, the SECZ legislation is being revisited.
@Marketsindaba
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I am in Nairobi for the World Bank AIDA Heads of States Summit. It’s a privilege to be a part of this historic gathering and discuss crucial economic developments with key figures in global finance. The World Bank’s aim to raise US$100 billion for the AIDA concession window is a
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Despite the challenges posed by the El Nino-induced drought, we remain resilient in our pursuit of economic stability. With a collective spirit of optimism and fortitude, we are confident in our ability to mitigate the effects of this natural disaster and emerge stronger.
#NDS1
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In this video, I discuss the multicurrency regime, assets backing the ZiG, & how the value of each ZiG is determined relative to other currencies. Transparency and understanding are crucial to maintaining a stable and prosperous Zimbabwe, and I hope this contributes to that goal.
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Today marks a momentous occasion as we officially launched the Development Projects Management Information System (DEVPROMIS), Sector Working Groups, and the 4th round monitoring exercise of the Global Partnership for Effective Development Cooperation (GPEDC).
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Treasury is committed to financing infrastructure development to improve the country's infrastructure. This helps to spur economic growth, create jobs, and improve the quality of life for the people. It's great to note that the Old Mazoe Road Rehabilitation Project is on track.
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I had a conversation with the CEO of Shelter Afrique, Thierno-Habib Hann (in grey suit) & Head of Credit & Operations, Mr Christopher Chege. Shelter Afrique has extended credit to Zimbabwe banks for the development of housing. More resources will be sourced from it in the future.
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The Shurugwi-Mhandamabwe Road Reconstruction Project continues to make great strides, with the recently completed surfacing of 5 kilometers showcasing the government's commitment to the timely completion of this critical infrastructure.
#NDS1
#Vision2030
#InvestmentPromotion
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THE International Monetary Fund (IMF) has applauded Zimbabwe’s tight monetary policy stance, which has seen inflation and exchange rate stability since April this year, and projected a strong economic rebound in 2025, anchored by improved agriculture...
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Our
#InvestmentPromotion
bid is gaining momentum as the world heads the engagement and re-engagement call. Led by President
@edmnangagwa
, we had an engagement meeting with foreign investors and Andrew Mitchell, Minister of State in the Foreign, Commonwealth & Development Office.
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Zimbabwe offers a conducive environment for private investments. This is necessitated by ease of doing business, peaceful environment, cordial people & qualified workforce. The Heart Stadium, officially opened by President
@edmnangagwa
, is evidence of that.
#InvestmentPromotion
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Treasury is committed to allocating the necessary funds to support infrastructure development projects across the country. Priming and surfacing (tarring) on the Domboshava Road is progressing well. This will improve access to essential services and economic opportunities.
#NDS1
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Commissioning of the Tsakani ZIMRA Flats. The delivery of affordable, sustainable, modern, functional housing and social amenities in urban and rural areas is part of the Vision 2030 as espoused by His Excellency, President ED Mnangagwa.
#NDS1
#Vision2030
#InvestmentPromotion
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1. What a privilege it was to tour the various exhibitions at this year’s ZITF! It was an incredible opportunity to witness the entrepreneurial spirit, innovation, and dedication that Zimbabwe’s business community has to offer.
#InvestmentPromotion
#Vision2030
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During the meeting, I was pleased to announce a revolving fund specifically tailored for women and those living with disabilities. This fund aims to provide essential financial resources and support for their various projects and initiatives, a commitment from personal funds.
1/3. Today, I had the privilege of engaging with members of the Women's League and the disabled community at a fruitful meeting in Bulawayo. This gathering highlighted our government's commitment to fostering an inclusive society that values and empowers all its citizens,
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The current thrust is to promote Zimbabwe as a safe investment destination and the vast investments being made in the country. To ensure an engaged & participating citizenry towards the achievement of an upper middle class income economy by 2030.
#InvestmentPromotion
#Vision2030
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1/9. Here are the key takeaways from the Presentation On Climate Change Financing and its implications on industrialisation and trade at the 2024 ZITF International Business Conference:
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Sunset Views for Bridges 8 & 9 on the Mbudzi Interchange currently under construction. This is set to deliver enhanced connectivity, reduced transit time, decreased congestion, and improved road safety, ultimately bolstering regional integration and economic growth in Zimbabwe.
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1/2 I want to reassure the people of Bulawayo that we are committed to helping overcome the water shortages. We will provide the necessary funds to address the issues affecting the city's water supply. We understand that access to clean and safe water is a fundamental right and..
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Treasury's unwavering commitment to funding infrastructure development projects, such as the ongoing application of asphalt on Crowhill Road, is a testament to our dedication to promoting investment and driving economic growth in Zimbabwe.
#NDS1
#Vision2030
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11
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Progress on the Harare-Chirundu Road Dualization, Rehabilitation & Widening Project! As surfacing work continues from Cork Road to Tongogara Road, the Government of Zimbabwe, led by President
@edmnangagwa
, is committed to investing in critical infrastructure development projects.
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1/3 Sport is a powerful economic engine in creating jobs, generating income, and driving investment. This is a key driver of economic development. Sports in schools provide many benefits for students, both physically and mentally. Today, I was in Cowdray Park, where I handed over
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A US$45 million fund has been created through a partnership between Government and the private sector to expedite investment in renewable energy, in a bid to mitigate the impact of climate change.
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9
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Yesterday, I was honored to address at the Matebeleland South Investment Forum at Blue Hills Camp in Umzingwane District, which ran under the theme: Unlocking Investment Opportunities through Private Sector-Led Initiatives for a Devolving Rainbow Projects.
#ZimOpen4Business
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The official launch of the Beitbridge Border Management System is a positive step towards fostering smooth movement of people and enhanced trade between Zimbabwe and South Africa. This is a positive step towards enhancing regional trade and investment promotion.
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The refurbished Beitbridge Border Post, an indelible mark of our Government, ably led by President
@edmnangagwa
. This is testimony to our commitment to modernization in line with global standards to promote ease of doing business and trade facilitation.
#InvestmentPromotion
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7
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I met Etleva Kadili, the Regional Director of UNICEF office for Southern and East Africa, based in Nairobi. UNICEF has supported ZIMSTATS in producing District and Provincial social statistics based on the 2022 National Census.
#Engagement
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1. Unpacking the Zimbabwe Capital Markets Conference - Beijing and Shanghai
I met the President of the New Development Bank,
@dilmabr
, on the sidelines of the conference.
I expressed our interest in being a member of the bank for funding of homegrown solutions for development.
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Today, with my Deputy Hon K.D Mnangagwa and PS. A Bvumbe we have joined Diplomats, RBZ Officials, and other key stakeholders for a Strategic Planning Meeting for a Structured Dialogue Platform on the country's Arrears Clearance and Debt Resolution process.
#NDS1
#Vision2030
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We are making progress towards fulfilling our nation's commitment to debt clearance. This endeavor, which is no small feat, requires resilience, foresight & unwavering dedication. These are the qualities that the government possesses and will continue to embody as we forge ahead.
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1/3. Today, I had the privilege of engaging with members of the Women's League and the disabled community at a fruitful meeting in Bulawayo. This gathering highlighted our government's commitment to fostering an inclusive society that values and empowers all its citizens,
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5
24
1. Government is steadfast in its commitment to infrastructure development, as exemplified by the ongoing rehabilitation of the Old Mazowe Road from Westgate Roundabout to the New Parliament Building. This project, which includes resurfacing, reflects our unwavering commitment...
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10
24
It has been my great honor to Chair the
@ECA_OFFICIAL
#CoM2024
at this year's
#UNECA
Conference. I would like to express my sincerest gratitude to all the participants and stakeholders who worked tirelessly to make this conference a success.
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6
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Our commitment is to the rehabilitation of the road infrastructure in the drive towards
#InvestmentPromotion
. Surfacing is in progress on New Parliament Building Loop Road. The Loop Road Connect with the following roads; Boulevard, Old Mazowe & Parliament Access Roads (Horns).
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11
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Today, I had a tour of the Elephant Hills resort assessing the level of preparedness for the Economic Commission for Africa Conference of African Ministers of Finance. I am pleased to announce that preparations are now at 98%. We are ready to host the 56th Session of the
#CoM2024
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9
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National projects, such as infrastructure development, energy generation, and agricultural expansion, have a significant impact on employment creation. At its peak, the Tsakani Flats construction project resulted in the employment of 100 people.
#NDS1
#Vision2030
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11
22
Government is committed to upholding constitutional provisions on devolution. The launch of the devolution manual in line with
#NDS1
, signifies our commitment to enhancing local governance and empowering communities. This ultimately contributes to the realization of
#Vision2030
.
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7
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We are committed to achieving economic stability in the market. This is a top priority for us, and we are taking concrete steps to make it a reality. We are committed to ongoing engagements with key economic players and stakeholders.
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8
22
The application of asphalt is in progress on Sherwood Drive. A clear sign of the Second Republic's commitment to infrastructure development. This project, and others alike, demonstrate the Government's dedication to improving the country's roads and other key infrastructure
#NDS1
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7
23
The Government has mobilised over US$8 million from the recently introduced “sugar tax” during the first half of the year, with the funds now set to be deployed towards the procurement of vital cancer diagnosis, care and treatment equipment & medication.
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6
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Today, I held a fruitful meeting with China's Ambassador to Zimbabwe, His Excellency Zhou Ding, where we discussed on issues of investment and infrastructure development.
@China_Amb_Zim
🇿🇼 🇨🇳
#InvestmentPromotion
#Vision2030
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I'll be posting videos addressing all frequently asked questions. This is my way of providing the information needed in a clear and concise manner. So stay tuned and check back often for new videos.
#Engagement
#ZimGold
#InvestmentPromotion
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6
23
We successfully held a meeting with the IMF delegation led by Mr. Wojciech Maliszewski. The delegation has been in the country working on a new Staff Monitored Program (SMP) to support the country’s economic stabilisation efforts and the re-engagement agenda.
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14
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As you celebrate this holiday, take comfort in knowing that the government is hard at work, improving the nation’s infrastructure. The Shurugwi Mhandamabwe Road rehabilitation project, which stretches from Masvingo Boundary to Zvishavane Turn Off, is underway.
#NDS1
#Vision2030
10
7
22
As Government, we are committed to ensuring the food security of our people. Opening up the borders & meeting any shortfall in food production & imports is one part of our comprehensive response plan. We are working tirelessly to ensure that every Zimbabwean has access to food.
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9
21
Today, accompanied by our Deputy Minister Hon. KD. Mnangagwa, RBZ Governor Dr. Mangudya, we had a successful meeting with the AfDB team led by the AfDB VP Prof. K. Urama to discuss the Debt, Investment, Growth & Natural Resource (DIGNAR) model for Zimbabwe.
#InvestmentPromotion
3
9
22
The Marondera Wedza Road Upgrading Project, an important piece of infrastructure, is well underway with construction of the road base proceeding rapidly. Under the leadership of His Excellency Cde Dr ED Mnangagwa, we will continue to invest in critical infrastructure.
#NDS1
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9
22
Treasury is dedicated to providing the necessary funding for the development of essential infrastructure in order to promote economic growth and stimulate
#InvestmentPromotion
. Application of Asphalt on Milton Street and King George Road in progress.
#NDS1
5
12
21
Today, we launched the Risk Management Guidelines and Framework for the Public Sector. It's implementation will mark a major achievement in helping Government institutions manage their risks to achieve desired goals in line with SI 135 of 2019.
#Vision2030
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As we rally towards the attainment of an empowered & prosperous upper middle class income economy by 2030, let us remain steadfast in our resolve, united in our purpose, and relentless in our pursuit of a brighter future for all our people. Blessed Sunday.
#Vision2030
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