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Mthuli Ncube Updates


Invictus Energy signs Zimbabwe gas deal for its Cabora Bassa gas project
27th May 2026 By: Reuters

Australia's Invictus Energy signed a petroleum production sharing agreement (PPSA) with Zimbabwe on Wednesday, a key step as it looks to advance its Cabora Bassa gas project, company executives... 


Finance Minister Mthuli Ncube last month proposed doubling the gold royalty rate to 10% for gold sold above $2 501/oz.
Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax
17th December 2025 By: Reuters

Zimbabwe has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups. A royalty rate of 5% would... 


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