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Circular Thinking: Why Zimbabwe’s Next Growth Story May Be Built on a Circular Economy

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For decades, economic growth has largely followed a linear logic: extract resources, manufacture products, sell them, and ultimately discard them. While this model powered industrial expansion worldwide, its structural weaknesses are becoming harder to ignore. Rising input costs, supply chain fragility, currency volatility, and environmental pressures are now central business concerns rather than distant risks.

In Zimbabwe, this evolving landscape is giving new urgency to the circular economy. What was once framed primarily as an environmental conversation is increasingly being recognised as an economic one, rooted in competitiveness, resilience, and value optimisation.

At its core, a circular economy is about preserving value. Materials remain in productive use for longer, waste becomes an input rather than a loss, and efficiency shifts from a defensive cost-cutting measure into a strategic growth lever. For Zimbabwe, this shift carries implications that extend across major sectors of the economy.

From Resource Dependence to Resource Productivity

Zimbabwe’s economy is deeply anchored in natural resources, from minerals and agricultural outputs to land and energy inputs. Historically, the growth narrative has centred on extraction and production volumes. Yet the more consequential challenge has often been resource utilisation.

A circular economy reframes the equation by emphasising resource productivity, generating greater economic value from the same material base.

In mining, for example, circularity opens new pathways for value creation. Tailings reprocessing, secondary mineral recovery, and waste-stream utilisation can extend the economic life of existing assets. Globally, legacy mine dumps are increasingly treated as viable reserves due to technological advances. In countries such as Finland and Australia, materials once classified as waste are being reintroduced into production cycles. Zimbabwe, with its long mining history, possesses comparable opportunities embedded within its industrial landscape.

Agriculture presents another illustration. Biomass residues: husks, stalks, manure, and organic by-products, are often underutilised in linear systems. Circular models convert these into bioenergy, fertilisers, animal feed, and industrial inputs. Across Africa, countries including Kenya and Rwanda have demonstrated how agricultural waste streams can underpin decentralised energy solutions and input substitution strategies. Zimbabwe’s agricultural economy, already characterised by adaptive resource use, is well positioned to scale similar approaches.

Competitiveness Is the Real Price

Circular economy discussions are frequently framed around sustainability, yet for businesses, the more immediate concern is competitiveness.

Zimbabwean firms operate within an environment shaped by exchange rate pressures, energy constraints, input cost volatility, and infrastructure challenges. Under such conditions, inefficiency is not merely an operational inconvenience; it is a direct threat to profitability.

Circular strategies target cost structures at their foundation. Reducing raw material intensity lowers exposure to price shocks. Recovering value from by-products improves margins. Extending product life cycles stabilises revenue streams. Designing for durability, repairability, or refurbishment introduces service-based business models that diversify income.

Globally, manufacturers have already begun internalising this logic. The automotive industry provides a telling example. Remanufacturing of engines, components, and electronics has evolved into a sophisticated and profitable business segment rather than a peripheral activity. Similar dynamics are emerging regionally, including within Southern Africa’s industrial and repair ecosystems.

For Zimbabwean businesses, circularity increasingly represents a resilience strategy — one that strengthens operational stability rather than simply satisfying regulatory expectations.

Innovation Without Reinvention

One of the persistent misconceptions surrounding the circular economy is that it requires entirely new industries. In reality, many opportunities arise through upgrading existing systems.

Zimbabwe does not need to abandon its economic foundations; it can modernise them.

Incremental innovations — improved logistics, resource-efficient technologies, waste recovery mechanisms, digital material tracking, and redesigned production processes- can unlock significant gains. In capital-constrained environments, this characteristic is particularly valuable. Circular interventions frequently align with efficiency improvements, making them commercially rational even in the absence of sweeping structural reforms.

Across the continent, examples of such transitions are multiplying. Nigeria’s expanding recycling and materials recovery industries illustrate how circular activities can scale into substantial economic sectors. Rwanda’s urban sustainability initiatives show how policy alignment can catalyse private sector innovation. South Africa’s industrial players are increasingly integrating waste valorisation and energy efficiency into operational strategies.

These shifts highlight a critical insight: circularity often evolves through optimisation rather than disruption.

Jobs, But Different Ones

Employment dynamics under circular systems tend to differ from traditional linear models.

Rather than concentrating job creation primarily in extraction or primary production, circular economies generate activity across repair, maintenance, remanufacturing, recycling, logistics, and resource management. These roles are frequently more localised and less vulnerable to global commodity cycles.

For Zimbabwe, where economic diversification and labour absorption remain pressing priorities, this characteristic carries considerable significance. Circular value chains create opportunities for SMEs, informal sector integration, and skills development in emerging service-oriented industries.

Policy as an Economic Enabler

Policy frameworks inevitably influence how rapidly circular opportunities translate into economic outcomes.

Globally, governments are increasingly recognising that circular economy policies function not as constraints but as economic enablers. By aligning incentives, reducing systemic inefficiencies, and creating predictable investment signals, such policies can enhance industrial performance and resource security.

For the Government of Zimbabwe, circular thinking presents a convergence point between growth objectives, industrial policy, and sustainability commitments. Well-calibrated frameworks can support domestic value chains, reduce import dependency, and stimulate investment in efficiency-enhancing technologies.

Investment Logic Is Changing

Capital markets worldwide are recalibrating how they assess risk, resilience, and long-term value.

Resource efficiency, environmental exposure, and operational stability are increasingly central to investment decisions. Circular economy frameworks align with these priorities by emphasising value preservation, reduced material intensity, and system resilience.

For Zimbabwe, this evolving investment logic presents strategic implications. Circular strategies can enhance investment attractiveness by signalling efficiency improvements, reduced environmental liabilities, and alignment with global economic trends.

A Growth Strategy Hiding in Plain Sight

Perhaps the most compelling aspect of the circular economy is that it is fundamentally about optimisation.

It asks a deceptively simple question: how can Zimbabwe generate greater economic value from the resources, materials, and systems already embedded within its economy?

In a global environment increasingly defined by efficiency, resilience, and adaptability, circularity is not a peripheral agenda. For Zimbabwean businesses, it may well represent a growth strategy hiding in plain sight, one where doing better business becomes inseparable from using resources more intelligently.