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Zimbabwe
IMF urges Harare to raise taxes on mining

The IMF has told Zimbabwe that major tax cuts granted to the country's mining sector must be reversed in order to replenish state coffers. [...]

Published on 13.04.2022 at 05:00 GMT Reading time 2 minutes

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Mining

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Covid-19
Dhaneshwar Ghura
Emmerson Mnangagwa
International Monetary Fund
John Mangudya
Kudakwashe Tagwirei
Landela Mining Venture
Metallon Gold
Mthuli Ncube
Mzi Khumalo
Reserve Bank of Zimbabwe

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

The opening of the Kazungula Bridge, which connects Zambia to Botswana, has robbed Zimbabwe of its status as a key gateway between the port of Durban and the Copperbelt. Deprived of significant revenue, Harare is preparing its counter-attack with the help of a handful of bankers.

Subscribers only Infrastructure, Mining 07.03.2023

An aerial view of the newly built Kazungula bridge over the Zambezi river in Kazungula, Botswana, on 10 May 2021.

Zimbabwe
Redwing goldmine closure hampers ZANU-PF campaign fundraising

Since 2018, the mine has been owned by Scott Pedzai Sakupwanya, a close associate of President Mnangagwa. Its closure, due to fatal accidents, deprives the ruling party of a key source of revenue ahead of this year's polls.

Subscribers only Mining 07.02.2023

Zimbabwe
Simisani Kupe-Jonathan Harris alliance shakes up Bulawayo gold sector

In the historic heartland of Zimbabwean gold production, which is dominated by artisanal producers' unions, the new partnership between Zimbabwe's Techshed Investments and Canada's Pambili Natural Resources seeks to position the firms as leaders and to unite local producers.

Free access Mining 01.09.2022

Spotlight | Libya, Russia
West worried as AGOCO-Zarubezhneft rapprochement picks up pace

At the request of Libya's National Oil Corp subsidiary AGOCO, the Russian Zarubezhneft group sent a delegation to Benghazi in August. The EU and the US are both concerned this move may spell the possibility of sanctioned Russian oil being transshipped.

Subscribers only Energy 01.09.2022

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

ZMDC, the state-owned company that owns the majority of the government's mining portfolio, needs to find more than $400m to compensate aggrieved former business partners.

Subscribers only Mining 11.05.2022

Zimbabwe
Harare multiplies tax breaks on mining sector to fulfil campaign objectives

With the general election in sight, the Zimbawean government has been offering generous tax exemptions to mining entrepreneurs from which fledging company Kygar Resources is the latest to benefit.

Subscribers only Mining 23.11.2021

Zimbabwe
TN Gold gets bogged down over Mzi Khumalo's old gold mine

The Zimbabwean mining company, property of businessman Tawanda Nyambirai, bought the Arcturus mine in 2017 from Metallon, once the county's leading mining company. But he has faced a major court setback that could scupper his plans for the site.

Subscribers only Mining 16.11.2021

Zimbabwe
Clash over gold mine owned by ousted market leader Metallon

Mining company Caprcend Investments, which is owned by Zimbabwean member of parliament Campion Mugweni, has suffered a serious setback in its battle with a subsidiary of the Metallon mining group at the Mazowe gold mine.

Subscribers only Mining 31.08.2021

Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Kuvimba Mining House is the name of the new state-controlled entity created to coordinate and revamp the country's largest mines. Embodying Harare's hopes for its mining sector, all the paths heading out of the company's high-potential portfolio seem nonetheless to lead to Kuda Tagwirei, one of Mnangagwa's closest allies but a man under US sanctions.

Subscribers only Mining 05.01.2021

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Covid-19
Dhaneshwar Ghura
Emmerson Mnangagwa
International Monetary Fund
John Mangudya
Kudakwashe Tagwirei
Landela Mining Venture
Metallon Gold
Mthuli Ncube
Mzi Khumalo
Reserve Bank of Zimbabwe

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Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

Zimbabwe
IMF urges Harare to raise taxes on mining

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Set up email notifications for these topics

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe
Redwing goldmine closure hampers ZANU-PF campaign fundraising

Zimbabwe
Simisani Kupe-Jonathan Harris alliance shakes up Bulawayo gold sector

Spotlight | Libya, Russia
West worried as AGOCO-Zarubezhneft rapprochement picks up pace

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

Zimbabwe
Harare multiplies tax breaks on mining sector to fulfil campaign objectives

Zimbabwe
TN Gold gets bogged down over Mzi Khumalo's old gold mine

Zimbabwe
Clash over gold mine owned by ousted market leader Metallon

Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Niger Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

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Zimbabwe IMF urges Harare to raise taxes on mining

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Spotlight | Southern Africa, Zimbabwe Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe Redwing goldmine closure hampers ZANU-PF campaign fundraising

Zimbabwe Simisani Kupe-Jonathan Harris alliance shakes up Bulawayo gold sector

Spotlight | Libya, Russia West worried as AGOCO-Zarubezhneft rapprochement picks up pace

Zimbabwe Fearing seizures, Mnangagwa transfers state mining assets to a new entity

Zimbabwe Harare multiplies tax breaks on mining sector to fulfil campaign objectives

Zimbabwe TN Gold gets bogged down over Mzi Khumalo's old gold mine

Zimbabwe Clash over gold mine owned by ousted market leader Metallon

Zimbabwe Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

Zimbabwe
IMF urges Harare to raise taxes on mining

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe
Redwing goldmine closure hampers ZANU-PF campaign fundraising

Zimbabwe
Simisani Kupe-Jonathan Harris alliance shakes up Bulawayo gold sector

Spotlight | Libya, Russia
West worried as AGOCO-Zarubezhneft rapprochement picks up pace

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

Zimbabwe
Harare multiplies tax breaks on mining sector to fulfil campaign objectives

Zimbabwe
TN Gold gets bogged down over Mzi Khumalo's old gold mine

Zimbabwe
Clash over gold mine owned by ousted market leader Metallon

Zimbabwe
Business tycoon Kuda Tagwirei's stamp is all over state's new mining behemoth