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    Multi-metals discovery boosts Namibia’s critical minerals standing

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    Mutapa Gold Resources (MGR), a subsidiary of Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund (MIF), has declared a US$35 million dividend to shareholders after recording an after tax profit of US$70 million for the nine months ended December 31, 2025.

    Zimbabwe’s Mutapa Gold Resources declares US$35 million dividend

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    Multi-metals discovery boosts Namibia’s critical minerals standing

    Multi-metals discovery boosts Namibia’s critical minerals standing

    Mutapa Gold Resources (MGR), a subsidiary of Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund (MIF), has declared a US$35 million dividend to shareholders after recording an after tax profit of US$70 million for the nine months ended December 31, 2025.

    Zimbabwe’s Mutapa Gold Resources declares US$35 million dividend

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Freight costs threaten Zimbabwe farmers’ livelihoods as Iran war disrupts exports

Editorial Team by Editorial Team
May 14, 2026
in Africa, International
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Freight costs threaten Zimbabwe farmers’ livelihoods as Iran war disrupts exports
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May 12, 202610:05 AM GMT+2Updated May 12, 2026

  • Summary
  • Flight costs nearly double on Iran conflict
  • Zimbabwe a major source of European off-season peas
  • Horticulture sector recovering from Mugabe-era farm seizures

HARARE, May 12 (Reuters) – In a busy fresh-produce packaging facility in northern Harare, about 30 women ​in green dust coats and matching caps grade sugar snap peas destined for dinner tables ‌in Europe.

The mood in the facility is cheerful, but the fresh produce export season has got off to a challenging start for these farmers after a rise in freight costs due to the Iran war.

The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.

The war broke out just as Kuminda, a company that ​aggregates produce from about 5,000 small-scale farmers, was readying its first sugar snap peas and mange ​tout exports for the year.

RISING FREIGHT COSTS

Exporters now have to absorb the rising costs or ⁠risk derailing a recovery in Zimbabwe’s horticulture sector, which set export records last year after decades of ​rebuilding following land seizures in the early 2000s under former President Robert Mugabe.

Kuminda is paying $3.80 per kg to export ​to European markets this year, up from $2 to $2.20 last year, because of a rise in fuel costs.

“To get products to London and Amsterdam is more expensive this year,” Kuminda CEO Clarence Mwale told Reuters, adding that flight disruptions to the United Arab Emirates ​had also affected shipments to that market.

Zimbabwe is a major supplier of sugar snap peas to European markets. ​It accounts for 60% of the United Kingdom’s imports of the vegetable, according to the British embassy in Harare. Exports typically ‌peak during ⁠the UK off-season between April and October.

Mwale said the cost surge had worsened Zimbabwe’s ability to compete with rivals such as Egypt, Kenya and South America in horticulture export markets.

“They have more flight options. Their freight costs are not nearly what we are paying at the moment,” Mwale said, adding that exporters were using sea freight, ​which takes an average of ​30 days, to complement ⁠air cargo.

RECOVERY FROM MUGABE-ERA FARM SEIZURES

Zimbabwe’s horticulture industry is recovering from a period of devastation following the government-led seizures of white-owned farms, which triggered an economic collapse in ​the country.

Horticulture exports reached a record $181.7 million in 2025, mostly driven by blueberry ​shipments, surpassing the ⁠previous peak of $140 million in 1999, just before the farm seizures, according to trade agency ZimTrade.

Mugabe’s successor, President Emmerson Mnangagwa, is championing the revival of agriculture and has sought to improve relations with white farmers.

The Horticultural Development Council (HDC) urged the ⁠government to ​offer support to farmers facing rising costs.

“That support could come through ​targeted tax relief, including VAT on key inputs such as packaging, faster VAT refunds to protect cashflow and measures to bring down fuel ​costs by cutting levies,” said HDC CEO Linda Nielsen.

Reporting by Chris Muronzi

Editorial Team

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