RBZ Deputy Governor Dr. Innocent Matshe announced as one of the speakers at African Mining Week
Central bank leader will highlight financing strategies to unlock Africa's mineral wealth as Zimbabwe advances ambitious gold production targets
RBZ Deputy Governor Dr. Innocent Matshe will speak at African Mining Week on financing Africa’s mining sector and Zimbabwe’s gold growth
As leaders from across the mining industry prepare for African Mining Week, Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr. Innocent Matshe has been confirmed as a speaker at the event.
Taking place in Cape Town from October 14–16, African Mining Week is the continent’s leading mining conference, bringing together industry leaders, policymakers, investors and financiers to address pressing challenges and opportunities in the African and global mining landscape. The conference will highlight Africa’s strategic role in the global energy transition and the immense potential of its vast mineral resources.
Dr. Matshe will participate in the Central Bank Governors, Finance and Investor Roundtable, where he will discuss strategies for mobilizing the capital needed to unlock Africa’s estimated US$8.5 trillion in untapped mineral wealth.
His participation comes at a pivotal time for Zimbabwe’s mining sector. The country is targeting gold production of 55 metric tonnes in 2026, up from 50.6 metric tonnes in 2025 and 38.6 metric tonnes in 2024, underscoring the government’s commitment to expanding output and strengthening the sector’s contribution to economic growth.
According to the RBZ, the central bank has implemented initiatives that provide financing to mining companies while supporting the formalization of Zimbabwe’s artisanal and small-scale mining (ASGM) sector.
“These initiatives provide financing to mining companies while advancing the formalization of the artisanal and small-scale mining (ASGM) sector. To address foreign currency constraints, the central bank also pays ASGM producers, who account for more than 60% of Zimbabwe’s gold production, directly in foreign currency. This enables miners to purchase equipment, improve productivity and sustain operational growth,” the RBZ said in a statement.
