Economy set to exceed growth targets

Rutendo Nyeve, [email protected]

ZIMBABWE’s economy is on track to surpass initial growth projections, with Finance Minister Professor Mthuli Ncube expressing strong confidence in a five percent expansion this year, underpinned by macroeconomic stability and unexpected gains from global commodity shifts.

Already basking in a good cropping season, the country is set to achieve a bumper harvest this year, with value chain impact on the productive sector, while other key sectors such as mining, tourism and manufacturing are also set on a solid footing. 

In an exclusive interview on Friday, Prof Ncube revealed that the final growth figures for last year are also set to be revised upwards, exceeding the initial forecast of 6,6 percent. 

He attributed the country’s resurgence to a newly established synergy between monetary and fiscal authorities, which has tamed inflation and created a predictable environment for business planning.

“We are confident that the growth projections will be met. I expect a growth rate of five percent and above. We should be able to meet that,” said Prof Ncube. 

“In fact, the growth for last year will be higher than even the 6,6 percent that we have projected. We are just waiting for ZimStat to finalise their numbers, but it will be higher.”

The optimistic trajectory is being maintained despite significant turbulence in the global geopolitical landscape, which has recently unsettled oil prices and trade patterns. 

Prof Ncube acknowledged that tensions in the Middle East and Eastern Europe pose a dual-edged sword for the domestic economy.

While these conflicts introduce uncertainty and risk, Zimbabwe is emerging as a net beneficiary in key sectors, he stated.

Prof Ncube said the flight to safety by international investors during times of geopolitical strife is driving up the price of gold and as a significant gold producer, Zimbabwe is capitalising on this trend. 

“Let us be mindful of the language we use and the opportunities we create. Empowerment is not just about giving, but it is about recognising the potential in every individual. When we support economic independence, we are also nurturing emotional well-being,” she said. 

One of the beneficiaries, Mr Tichaona Moyo, who received grocery hampers, a bed, clothing and a wheelchair, expressed gratitude to the organisation for transforming his life. 

“I do not want this kindness to end with me. I would be grateful if you continue extending similar gestures to others who are also in need,” he said. 

The Government’s efforts towards empowering women were also highlighted at the 2026 International Women’s Day conference and exhibition held last Friday. 

Women Affairs, Community, Small and Medium Enterprises Development Minister Monica Mutsvangwa addressed the crowd, calling for a culture of sharing knowledge, resources and opportunities to accelerate empowerment and national development. 

Speaking passionately, she said the theme, “Give to Gain”, should guide women beyond mere commemorations. 

“When women continuously give to one another, strategically and consistently, we gain stronger families, resilient communities and a more prosperous Zimbabwe,” she said, reiterating the importance of solidarity among women. 

Minister Mutsvangwa reaffirmed the Government’s commitment to women and girls through various initiatives. 

The International Women’s Day 2026 theme is “Give to Gain,” focusing on how investing in women’s empowerment, health and equality creates a prosperous, collective gain for all of society. Parallel to this, the official UN theme is “Rights, Justice and Action for All Women and Girls.”

 

 

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