National Foods invests US$25 million in local milling

Zimbabwe admitted as borrowing member of BRICS New Development Bank

Zimbabwe has been admitted as a borrowing member of the BRICS New Development Bank. This development comes as the country is also focusing on various internal initiatives, including strengthening reintegration support for returning citizens, government infrastructure projects, and sports facilities. Efforts are also underway to enhance El Niño preparedness, with ARDA delivering 120,000MT. Additionally, new grain levies are being proposed to address climate and food security risks. In the financial sector, POSB declared a record US$5.1 million dividend, while in agriculture, Buhera farmers are increasingly embracing crop insurance, with over 1,700 farmers participating this season. Zimbabwe has also commissioned a specialized honey testing laboratory to boost export competitiveness.