Pressdia Ad

Zimbabwe to Raise Gold Royalties as Government Moves to Capitalize on Record Bullion Prices

Zimbabwe will introduce a higher sliding-scale royalty system for gold producers as the government seeks to capture more value from the ongoing surge in global bullion prices, the Finance Ministry announced during the presentation of the 2026 national budget. The move reflects efforts to strengthen public finances at a time when gold remains the country’s most important export earner, according to coverage by Ecofin Agency.

Under the revised structure, miners will pay 3 percent when gold prices are up to 1,200 dollars per ounce, 5 percent when prices sit between 1,201 and 2,500 dollars, and 10 percent once prices exceed 2,501 dollars. Reports by News 24 highlight that the top tier already applies, with international prices staying well above the upper threshold in recent months.

The government said the new system is intended to create a fairer, more consistent royalty regime across the sector and ensure that the state benefits proportionately during commodity booms. Miningmx noted that while the policy is expected to boost national revenue, some analysts caution that a 10 percent rate may place pressure on margins for producers operating with higher costs.

The adjustment comes as Zimbabwe prepares to expand government spending by roughly a quarter in 2026, a shift Bloomberg reported is aimed at stabilizing the economy and increasing foreign exchange inflows.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Uganda Opens Dangote Refinery IPO to Domestic Investors

Uganda has approved the marketing and distribution of shares in Dangote...

Nigeria Opens 2026 Licensing Round With 40 Oil and Gas Blocks

Nigeria has launched its 2026 oil and gas licensing round, putting...

South Africa Prioritises 9.6GW Battery Storage and Gas to Power Projects

South Africa is set to prioritise 9.6 gigawatts of battery energy...

JAMB Plans Ottawa UTME Centre for Nigerians in North America From 2027

The Joint Admissions and Matriculation Board is working towards establishing a...

Femi Adebayo Unveils Euphoria 360 Hub to Strengthen Lagos Film and Media Industry

Nollywood actor and filmmaker Femi Adebayo has unveiled Euphoria 360 Hub,...

Amazon Secures Six Year Global Emmy Deal as Awards Show Moves to Free Streaming

Amazon’s Prime Video will become the exclusive global home of the...

Tems and Tyla Earn Soul Train Awards Nominations as African R&B Gains Global Recognition

Nigerian singer Tems and South African star Tyla have earned nominations...

Meet Adejoké Bakare The Self Taught Chef Taking West African Cuisine to the World

Adejoké “Joké” Bakare has transformed a passion for West African food...

Crimson Bar & Grill Cairo: Elevated Dining by the Nile

Crimson Bar & Grill brings together rooftop dining, contemporary interiors and...

5 Nigerian Digital Movie Review Creators Changing How We Watch Films

The way audiences discover, discuss and judge films is changing. Across...

Related Posts

Uganda Opens Dangote Refinery IPO to Domestic Investors

Uganda has approved the marketing and distribution of shares...

Nigeria Opens 2026 Licensing Round With 40 Oil and Gas Blocks

Nigeria has launched its 2026 oil and gas licensing...

JAMB Plans Ottawa UTME Centre for Nigerians in North America From 2027

The Joint Admissions and Matriculation Board is working towards...

LEAVE A REPLY

Please enter your comment!
Please enter your name here