Online Reporter
Nelson Gahadza
Business Reporter
THE Stockbrokers Association of Zimbabwe (SAZ) has commended progress in macro-economic conditions, saying this has boosted prospects for a positive performance in key productive sectors.
The durable stability, the stockbrokers said, enhances the likelihood of new listings and capital raising on the Zimbabwe Stock Exchange and forex-denominated Victoria Falls Stock Exchange.
Annual inflation has dropped from 95,7 percent in July 2025 to 4,1 percent in January, while the exchange rate premium has narrowed to about 20 percent from over 100 percent previously.
SAZ secretary general Mr Arnold Chibvongodze said in an interview that the market was on the right track, citing progress made since 2024 in stabilising inflation and exchange rates.
Stable inflation and exchange rates, he said, are critical foundations for functional, growing capital markets.
After a sluggish 2024, growth is expected to reach 6,6 percent in 2025 and 5 percent this year, driven by a strong recovery in agriculture following better rainfall and sustained mining activities, particularly gold and lithium.
Manufacturing is regaining momentum, contributing roughly 15,3 percent gross domestic product, with major infrastructure investments in steel and power.
The Government has reduced its reliance on central bank financing for budget deficits, keeping them below 3 percent of GDP in line with SADC targets.
In 2025, Zimbabwe experienced record foreign currency inflows, reaching US$16,2 billion, driven by strong performance in the mining (gold/platinum) and tobacco sectors
This surge sustained a robust current account surplus and increased foreign reserves to about US$1,2 billion in2025, providing crucial support for exchange rate stability.
“We are on the right track overall. General macroeconomic stability, low inflation and stable exchange rates are key to promoting the success of business in Zimbabwe and significant progress has been made in this regard,” he said.
