Zimbabwe's first National Development Strategy has exceeded expectations and positioned the nation to reach upper-middle-income status by 2030, Finance Minister Mthuli Ncube said at a ministry workshop in Mutare. The five-year plan, which ends this year, achieved GDP growth above 5 percent from 2021 through 2024, while advancing infrastructure projects and increasing agricultural output. Ncube acknowledged officials are working to stabilize currency exchange rates and address governance problems at state enterprises.
The second strategy, which begins in 2026, will focus on structural transformation rather than economic stabilization. Officials plan to enhance tax collection, modernize government agencies and support industrial growth through technology adoption. The framework targets 10 national priorities centered on food security, infrastructure expansion and investment facilitation. Deputy Minister Kudakwashe David Mnangagwa and Permanent Secretary George Guvamatanga attended the planning session on Wednesday.
The second strategy, which begins in 2026, will focus on structural transformation rather than economic stabilization. Officials plan to enhance tax collection, modernize government agencies and support industrial growth through technology adoption. The framework targets 10 national priorities centered on food security, infrastructure expansion and investment facilitation. Deputy Minister Kudakwashe David Mnangagwa and Permanent Secretary George Guvamatanga attended the planning session on Wednesday.
