Agricultural Marketing Authority (AMA) chairperson Munyaradzi Hwengwere says agriculture remains the backbone of Zimbabwe’s economy despite mining currently leading in direct sectoral contribution.
Speaking during an economic discussion, Hwengwere said Zimbabwe’s economy is now valued at about US$53.3 billion, with mining contributing roughly 15%, or nearly US$8 billion. Manufacturing follows at about US$7.9 billion, while wholesale and retail trade, finance and insurance, and agriculture rank among the top five sectors. Agriculture is estimated at around US$5 billion.
Hwengwere cited companies such as Delta Corporation and National Foods as key players driving manufacturing growth, value addition and employment.
However, he stressed that agriculture’s true impact goes beyond direct output.
“The biggest driver of Zimbabwe’s economy is not mining, but agriculture,” he said, noting that the sector supports processing, manufacturing, transport and trade across the value chain.
He said the mining sector has recorded strong growth, with gold production contributing over US$3 billion and platinum output increasing by more than 184%, particularly in areas such as Zvishavane, and Shurugwi.
Hwengwere added that agriculture and tourism have performed relatively well, supported by favourable rainfall since November, with many dams reaching capacity by December. He urged stakeholders to prioritise long-term water harvesting and storage solutions to sustain agricultural productivity and broader economic growth beyond the current rainy season.
