Staff Reporter
Government has unveiled its key priorities for 2025, focusing on infrastructure development, poverty reduction, and strengthening the healthcare and education sectors.
These goals were outlined by the Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, during his recent address in Bulawayo.
Reflecting on 2024, Professor Ncube highlighted significant achievements in stabilising the economy through prudent fiscal and monetary policies.
Despite challenges, such as currency volatility and a drought that slowed economic growth to 2%, he commended the introduction of the Zimbabwe Gold (ZIG) currency as a turning point in fostering economic stability.
“2024 has not been an easy year, but we have had our triumphs. The introduction of the ZIG was a milestone, stabilising the economy after months of currency volatility. Additionally, Zimbabwe’s leadership in SADC under President Mnangagwa has enhanced our regional role, particularly in driving the economic and investment development fund,” said Professor Ncube.
The Minister said that infrastructure development remains a central focus for 2025 and added that Government had adopted a two-tier model, combining public investment and private sector partnerships to modernise roads, railways, and other critical infrastructure.
“We continue to support devolution, ensuring development is inclusive and leaves no one behind,” he added.
Economic growth was also projected to rebound, with a target of 6% GDP growth.
This will be driven by investments in agriculture, increased industrial productivity, and robust export performance. Initiatives, such as the Pfumvudza/Intwasa climate conservation programme, aim to maximise the benefits of expected good rains, while investments in dam and irrigation infrastructure are set to boost agricultural output.
Professor Ncube also highlighted ongoing support for industrial retooling through dedicated funds, fostering a competitive and resilient manufacturing sector.
Acknowledging the road ahead, the Minister identified challenges, such as climate change, global economic uncertainty, and the need for increased foreign direct investment. However, he expressed optimism, emphasising the government’s commitment to creating a thriving economy and improving livelihoods.
As Zimbabwe moves into 2025, the focus on inclusive growth and sustainable development signals a bold vision for the future, aiming to transform the nation’s socio-economic landscape.
