The African Development Bank pumped up its growth prediction for Zimbabwe from 5.3 percent to six percent. Bank officials pointed to better farming results and lower inflation as reasons for the boost. Farms should grow 12 percent after a terrible drought hurt crops last year. The Zimbabwe Gold currency saw inflation drop to 0.3 percent during June. US dollar inflation stayed steady at minus 0.2 percent.
Deputy director Moono Mupotola shared the good news at a big meeting in Harare. The bank liked what Finance Minister Mthuli Ncube predicted for the country. Government workers have been making smart changes to help businesses run better. They kept spending and money policies tight to stop prices from rising fast. The new Zimbabwe Gold currency helped make things more stable.
Officials want Zimbabwe to use its natural resources and money better. The country focus report talks about making capital work harder for development. Private companies need to jump in with new financing ideas and partnerships. Business leaders want the government to spread taxes around more fairly. Chamber of Commerce chief Christopher Mugaga thinks this approach will help the economy grow faster.
Deputy director Moono Mupotola shared the good news at a big meeting in Harare. The bank liked what Finance Minister Mthuli Ncube predicted for the country. Government workers have been making smart changes to help businesses run better. They kept spending and money policies tight to stop prices from rising fast. The new Zimbabwe Gold currency helped make things more stable.
Officials want Zimbabwe to use its natural resources and money better. The country focus report talks about making capital work harder for development. Private companies need to jump in with new financing ideas and partnerships. Business leaders want the government to spread taxes around more fairly. Chamber of Commerce chief Christopher Mugaga thinks this approach will help the economy grow faster.
