Zimbabwe: Mid-Term Budget Review - Zimbabwe to Stay Course On Economic Reforms, Says Ncube As FDI Surges to U.S.$965 Million

What the report says

AllAfrica, carrying a New Zimbabwe report, said Finance Minister Mthuli Ncube used Zimbabwe’s 2026 Mid-Term Budget and Economic Review to signal that the government will continue its current macroeconomic reform programme. The review was presented in Parliament on Thursday at the New Parliament Building under the theme of strengthening growth and transformation toward Vision 2030. Ncube said priorities for the rest of 2026 include maintaining stability, encouraging investment and expanding social protection and public services for vulnerable households.

According to the report, Ncube argued that Zimbabwe’s economy remained resilient in the first half of 2026 despite international uncertainty, conflict in the Middle East and disease outbreaks that affected tourism. He pointed to revenue performance and stability in inflation, exchange rates and the ZiG currency. The article cited annual local-currency inflation easing from 95.8% in July 2025 to 15% in December 2025, with average inflation of 4.2% in the first seven months of 2026. GDP growth is projected at 5% in 2026, compared with 8.3% in 2025.

The report said foreign direct investment rose to US$965 million in 2025 from US$597 million in 2024, with mining and manufacturing leading inflows. Ncube also cited agriculture’s recovery after drought, continued mining growth and expected higher gold output. He linked future growth to investment in value addition and beneficiation under the National Development Strategy 2, which seeks to reduce reliance on unprocessed commodity exports.

New Zimbabwe also reported that Ncube highlighted diplomatic gains, including Zimbabwe’s June 2026 election as a non-permanent UN Security Council member and July 2026 admission to the New Development Bank. The review matters because it frames government policy choices amid efforts to sustain confidence in Zimbabwe’s economy and long-running currency and reform agenda.