Ncube Projects 6.6% GDP Growth in 2025, Cites Mining and Agriculture as Key Drivers

Finance and Economic Development Minister Mthuli Ncube outlined the government’s economic strategy during his address at the Zanu-PF annual conference held in Mutare on Friday. His speech detailed plans aimed at fostering sustained growth and prosperity.

Minister Ncube conveyed optimism about Zimbabwe’s economic prospects, forecasting a 6.6% GDP growth rate for 2025. He attributed this anticipated expansion to robust contributions from key sectors such as mining and agriculture. These industries, he explained, are expected to play a major role in boosting domestic earnings and export revenue, forming a foundation for sustainable economic progress.

“Mining and agriculture remain critical pillars for growth. Our focus is on maximising their potential to drive revenue, create jobs, and enhance value addition,” Ncube stated.

He underlined the significance of maintaining macroeconomic stability to preserve recent economic advancements. The minister reiterated the government’s pledge to reinforce the Zimbabwe Gold (ZiG) currency to ensure it serves effectively as both a reliable medium of exchange and a store of value. He also pointed out the necessity of aligning fiscal and monetary policy efforts to contain inflation and support business activity.

Additionally, Ncube highlighted the government’s dedication to expediting infrastructure development, describing it as essential for lowering business costs and enhancing service delivery to the public.

“These initiatives align with the Zanu-PF conference theme, ‘Attainment of Vision 2030 through Economic Empowerment and Value Addition,’ which seeks to maximise returns on our nation’s natural resources and human capital,” he noted.

Overall, the minister’s address underscored the administration’s ongoing emphasis on targeted investment, economic stability, and efficient use of national resources to realise the goals set out in Vision 2030.