Online Reporter
Michael Tome
Business Reporter
Zimbabwe’s external sector continued to strengthen in 2025 after foreign currency receipts climbed 20 percent to US$12 billion in the nine months to September from US$10 billion in the same period last year, supported by resilient performance in export earnings and robust diaspora remittances.
This was revealed by Finance, Economic Development and Investment Promotion Minister Mthuli Ncube, while presenting the 2026 National Budget statement at the New Parliament Building in Harare yesterday.
This comes as the economy continues to perform well and is projected to record a solid 6,6 percent groth this year, after an 8,1 percent expansion in the first half.
The economy has rebounded from the slower 2 percent growth last year, which was weighed down by the El Niño-induced drought, which hampered agriculture, one of the country’s key economic sectors.
Zimbabwe’s stellar external sector performance for the first nine months to September 2025, puts the country firmly on course to beat its highest-ever annual foreign currency earnings of
US$13,3 billion, recorded in 2024.
He said foreign currency receipts for the first nine months of 2025 were estimated at US$12 billion, reflecting improved global commodity prices and a steady recovery in key economic sectors.
Export receipts and diaspora remittance accounted for 59,2 percent and 14,8 percent of the total receipts, respectively, over the review period.
Minister Ncube said merchandise exports remained firm, totalling US$7 billion, an increase of 33,5 percent in the period January to September 2025, compared to the corresponding period in 2024.
