Economic analysts have cited upward progress in the country’s numerous strategic sectors despite global economic pressures.
Improved agricultural productivity, expanded power generation, and new infrastructure developments have been listed as some of the contributing factors that are helping to reposition the economy.
Cllr Simphiwe Vuyelwa Mguni, speaking in Harare, yesterday said, “Zimbabwe has demonstrated remarkable resilience under the stewardship of His Excellency Dr Emmerson Dambudzo Mnangagwa,” particularly in agriculture, energy and mining.
“Agricultural transformation through programmes such as Pfumvudza/Intwasa has empowered smallholder farmers to achieve productivity levels once thought impossible under erratic rainfall patterns,” said Cllr Mguni.
Wheat self-sufficiency was achieved in 2022 for the first time in decades, with continued surpluses in maize and traditional grains helping to stabilise local food supply and provide exports to the region.
Cllr Mguni cited the commissioning of Hwange Power Station Units 7 and 8 as a key development in reducing power shortages.
“The commissioning has boosted national power generation capacity, reducing load shedding and energising industry,” she said.
Significant infrastructure work is also underway, with projects such as the Harare-Beitbridge Highway nearing completion.
“These projects, funded largely through domestic resources and innovative partnerships, reflect the resilience and creativity of Zimbabwe in financing its own development,” Cllr Mguni added.
Furthermore, she highlighted on the major achievements within the mining sector, citing the increased production of lithium, platinum and gold as key components in the diversification of the country’s export earnings, improving its trade position.
“Lithium, in particular, has become a new economic frontier, placing Zimbabwe on the map as a key player in the global green energy transition,” said Cllr Mguni.
She commended the introduction of gold coins and a gold-backed digital currency as monetary tools designed to stabilise the economy and protect the value of savings. “These bold measures have inspired confidence in Zimbabwe’s financial sovereignty and are being closely watched across the continent,” she said.
While acknowledging the ongoing impact of global restrictions and limited access to concessional finance, Cllr Mguni emphasised the role of internal determination and policy in sustaining progress. “Zimbabwe has proven that sanctions cannot extinguish the aspirations of a determined nation,” she said.
Meanwhile, economic analysts maintain that sustained investment in local industries, agriculture and power supply will be key to consolidating the current gains and positioning the country for broader regional trade.
