Zimbabwe's economy grew in 2024, even with a bad drought and low mineral prices. The country showed that it is strong. At first, experts thought the economy would grow by 3.5%. But it actually grew by 2%. In 2025, the economy is expected to grow even more by 6%.
The rain in 2024 hurt maize crops, but wheat did very well. Farmers grew more wheat than Zimbabwe needed, and they will likely grow even more in 2025. This extra wheat, along with maize, helps ensure the country has enough food.
The government and other groups distributed food, mostly in rural areas, which helped end hunger in 2024. People who moved away from Zimbabwe also sent money home to their families, about $2.5 billion. This money also helped a lot.
There has been good, steady rain recently, which makes farmers happy. Leaders think farming will help the economy improve. They want more land to have irrigation, which will help crops grow even when there is no rain.
The government is working to keep money in Zimbabwe stable. It has made some changes to interest rates and banking rules, which seem to be working so far. People are starting to trust the Zimbabwe dollar more.
The central bank wants to prevent the cost of things from going up too fast. It will be strict about this, but the drought and low mineral prices might make this difficult.
Even with some challenges, like not enough electricity, Zimbabwe is hopeful. Companies are building new power plants, and they think the country will have more electricity than it needs in a few years.
More electricity will help mining, farming and factories do better. This will probably make more companies want to invest in these areas. Mines that dig up platinum, lithium, and chrome could do very well. They bring in a lot of money from other countries.
The government still needs to fix some issues. Many goods are being brought into the country illegally and sold by people who do not pay taxes, which is not fair to businesses that do pay taxes. The government is working to stop this and is also finding new ways to collect taxes from everyone, not just a few people.
Factories in Zimbabwe could grow faster than people think. Building is happening quickly in the country. And nearby countries are having some troubles. This might make companies want to build factories in Zimbabwe instead.
A big steel company is investing $1.5 billion in Zimbabwe. This will help the economy a lot, creating jobs and bringing in money. But the country needs to fix its trains first to help the steel business.
Zimbabwe has a bright future. Leaders are working hard to improve life for everyone. The economy is expected to keep growing in 2025 and beyond. But they need to be careful and smart to ensure this happens.
The rain in 2024 hurt maize crops, but wheat did very well. Farmers grew more wheat than Zimbabwe needed, and they will likely grow even more in 2025. This extra wheat, along with maize, helps ensure the country has enough food.
The government and other groups distributed food, mostly in rural areas, which helped end hunger in 2024. People who moved away from Zimbabwe also sent money home to their families, about $2.5 billion. This money also helped a lot.
There has been good, steady rain recently, which makes farmers happy. Leaders think farming will help the economy improve. They want more land to have irrigation, which will help crops grow even when there is no rain.
The government is working to keep money in Zimbabwe stable. It has made some changes to interest rates and banking rules, which seem to be working so far. People are starting to trust the Zimbabwe dollar more.
The central bank wants to prevent the cost of things from going up too fast. It will be strict about this, but the drought and low mineral prices might make this difficult.
Even with some challenges, like not enough electricity, Zimbabwe is hopeful. Companies are building new power plants, and they think the country will have more electricity than it needs in a few years.
More electricity will help mining, farming and factories do better. This will probably make more companies want to invest in these areas. Mines that dig up platinum, lithium, and chrome could do very well. They bring in a lot of money from other countries.
The government still needs to fix some issues. Many goods are being brought into the country illegally and sold by people who do not pay taxes, which is not fair to businesses that do pay taxes. The government is working to stop this and is also finding new ways to collect taxes from everyone, not just a few people.
Factories in Zimbabwe could grow faster than people think. Building is happening quickly in the country. And nearby countries are having some troubles. This might make companies want to build factories in Zimbabwe instead.
A big steel company is investing $1.5 billion in Zimbabwe. This will help the economy a lot, creating jobs and bringing in money. But the country needs to fix its trains first to help the steel business.
Zimbabwe has a bright future. Leaders are working hard to improve life for everyone. The economy is expected to keep growing in 2025 and beyond. But they need to be careful and smart to ensure this happens.
