Chegutu is the commercial and administrative centre of the surrounding district. Having been established as a mining settlement by gold prospectors, mining for gold and nickel remains important in the area. Its agricultural economy was developed significantly after the Second World War, with maize and cotton becoming major crops. One of Zimbabwe's largest textile mills was established there. Wheat is grown with the aid of irrigation from the nearby Mupfure River, and cattle rearing is also a significant activity. The Cotton and Grain Marketing Boards established depots in Chegutu for cotton and grain respectively, and by 1984 sixteen grain silos had been built in the town for the bulk storage and delivery of grain.