Online Reporter
Business Reporter
Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has justified all proposals in his 2026 National Budget as necessary to sustain growth, strengthen fiscal revenue collection and support ongoing regulatory business reforms.
Responding to issues raised by economic analysts and business member groups (BMOs) at a 2026 post-budget breakfast meeting in Harare on Monday morning, the Treasury chief also acknowledged areas requiring adjustment, particularly around mining royalties and investment incentives.
One of the BMOs, the Bankers Association of Zimbabwe (BAZ) through its president, Dr Sibongile Moyo, said the 2026 national budget created both opportunities and challenges for the financial sector.
She commended increased allocations to agriculture, education, health, ICT and renewable energy.
“These allocations will create a much higher demand pipeline for project financing, supply chain financing and renewables.”
Banks, she revealed, are already processing a funding facility of about US$500 million.
