Authorities in Zimbabwe, led by the Zimbabwe Revenue Authority (Zimra), are identifying individuals eligible to pay a new wealth tax introduced by Finance Minister Mthuli Ncube in the 2024 National Budget. The tax targets residential properties valued over US$250,000 owned by individuals under 65. Zimra is collaborating with the Ministry of National Housing to ensure thorough evaluation and compliance. The tax aims to address economic disparities, with exemptions for primary residences and individuals aged 65 and above. Parliament had previously urged revisions to the tax proposals to alleviate economic pressures on citizens.

Nyanza Light Metals' R14 billion titanium oxide plant is set to commence in Q1 2024 following an EPC contract with East China Engineering Science and Technology. The plant aims to address Africa's beneficiation issues, producing 80,000 tonnes of pigment annually for various industries. CEO Donovan Chimhandamba, who has invested over US$30 million in feasibility studies, anticipates gross revenues of around US$300 million per year.

Zimbabwe must enhance its business environment to attract significant Chinese investment, as current inefficiencies and corruption deter investors. Despite efforts by the Zimbabwean government, Chinese investors face challenges such as land acquisition delays, electricity shortages, and difficulties obtaining work permits. China's deputy ambassador Zhao Baogang emphasized the need for swift resolution of these issues to facilitate future investments. Vice-President Kembo Mohadi assured Chinese businesspeople of profit repatriation and safety, but experts argue that Zimbabwe's reforms are progressing too slowly to improve the ease of doing business.