Zimbabwe will pursue manufacturing expansion and revenue growth under its upcoming five-year economic blueprint after officials said the current program successfully stabilized financial conditions. Finance Minister Mthuli Ncube announced on Thursday that the second National Development Strategy beginning in 2026 will emphasize factory production, technology integration and improved tax collection to advance toward middle-income status by decade's end.
Speaking during planning sessions held in Mutare, Ncube said authorities achieved progress on roads, farming and mining investments between 2021 and 2025 while maintaining economic output increases averaging over five percent annually. The new framework targets the transformation from exporting raw materials toward selling manufactured products that generate employment and foreign currency. Officials will work to formalize unregistered businesses and strengthen public financial management systems while reducing dependence on overseas loans.
Ncube identified exchange rate steadiness, budget discipline and private sector confidence as essential elements for the strategy period running through 2030. The government aims to align spending with 10 national objectives covering food supply, construction projects and workforce training. The approach follows continental development frameworks emphasizing technological advancement and regional integration.
Speaking during planning sessions held in Mutare, Ncube said authorities achieved progress on roads, farming and mining investments between 2021 and 2025 while maintaining economic output increases averaging over five percent annually. The new framework targets the transformation from exporting raw materials toward selling manufactured products that generate employment and foreign currency. Officials will work to formalize unregistered businesses and strengthen public financial management systems while reducing dependence on overseas loans.
Ncube identified exchange rate steadiness, budget discipline and private sector confidence as essential elements for the strategy period running through 2030. The government aims to align spending with 10 national objectives covering food supply, construction projects and workforce training. The approach follows continental development frameworks emphasizing technological advancement and regional integration.
