Online Reporter
Michael Tome
Business Reporter
THE Confederation of Zimbabwe Industries (CZI) has commended the Government for implementing several economic reforms that have anchored macroeconomic stability and restored a measure of predictability in the economy.
CZI president, Mr Mucha Mkanganwi, said this while addressing delegates at the Zimpapers and Confederation of Zimbabwe Industries (CZI) organised 2026 post – budget breakfast meeting held in Harare this morning.
He said the disciplined fiscal management, tight monetary policies and streamlined business regulations announced recently had stabilised the economy, a development not seen in Zimbabwe in more than four decades.
The Government has made significant efforts to strengthen public finance management and maintain fiscal discipline, including by ending the use of the central bank window to plug the Treasury’s fiscal holes.
Tight monetary and fiscal policies have stabilised the exchange rate and brought down inflation, which has positively impacted business confidence.
Zimbabwe has seen a massive drop in inflation and exchange rate stability since introducing the new Zimbabwe Gold (ZiG) currency in April last year, a gold and foreign currency anchored unit of account, which replaced the inflation – weary Zimbabwe dollar.
The annual ZiG inflation rate has plunged from 106 percent in June this year to 19 percent in November, while the monthly rate has averaged 0,5 percent since February this year, reflecting anchored inflation expectations.
According to Mr Mkanganwi, there have been marked improvements on the ease of doing business front, which renewed business confidence and supported industrial productivity.
“We are encouraged by the Government’s commitment to creating a predictable and supportive economic landscape. These measures are beginning to yield positive results for the industry,” said Mr Mkanganwi.
He added that macroeconomic stability had improved growth prospects across key economic sectors, with industry now looking to the next phase of reforms, including the deepening and modernisation of financial markets to support long-term investment.
“If you are able to grow GDP (gross domestic product) and even double it in five or six years, as we have seen in some projections, that is significant for the economy,” he said.
He also noted that inflation, long regarded as one of the biggest threats to business planning in the country, had been reduced to single-digit levels, a development he described as “outstanding” given Zimbabwe’s volatile economic history during the last four decades.
“I started working in the early 90s. I do not remember a time when inflation was in single digits. I congratulate the Government for its efforts to get us here. Inflation below five percent is quite exceptional.”
Mr Mkanganwi also commended ongoing efforts to enhance the ease of doing business, particularly reforms spearheaded by the Ministry of Finance, Economic Development and Investment Promotion, in collaboration with the World Bank and key private-sector players.
He commended the strengthening of the business–state partnership, describing it as one of the most constructive platforms for policy dialogue in recent years.
“I have been involved in advocacy for many, many years, and I can say without hesitation that we do have a listening Government. We have access, we have robust conversations, and we look forward to continuing that engagement,” he said.
