Zim on economic upswing

ROBIN PHIRI

Zimbabwe is registering notable progress in economic growth and stability, with the latest data on prices and availability of essential commodities signaling a more predictable monetary and fiscal environment.

Information, Publicity and Broadcasting Services Minister,  Jenfan Muswere, said the report, covering the period from 1 April to 31 August 2025, underscores the country’s advancement along the value chain and structural transformation pillars of the National Development Strategy 1.

“The current monetary and fiscal environment, which has been characterized by exchange rate stability, steady pricing and increased availability of basic commodities, is playing a critical role in preserving consumer purchasing power,” Muswere said.

The review focused on 14 essential commodities, including mealie-meal, laundry soap, cooking oil, bread, sugar, flour, rice, bath soap, washing powder, powdered/fresh milk, eggs, beef, chicken, and salt.

The business sector is witnessing a significant turnaround, with entrepreneurs and retailers reporting renewed confidence and optimism. Several formal retail operators have noted a marked increase in sales volumes over recent months.

“During the review period, the official exchange rate was relatively stable. The Task Force on Business Malpractices has continued to carry out compliance and enforcement inspections across all provinces. These operations have led to the identification and confiscation of substandard products for destruction by authorities,” Muswere added.

Despite enforcement actions, most retail outlets maintained adequate stocks of basic commodities, reflecting progress in ensuring food security and the availability of essential goods.

The stable economic environment and growing business confidence are expected to reinforce Zimbabwe’s economic growth trajectory.

As reforms continue, the government remains committed to fostering a favorable business climate and enhancing the livelihoods of its citizens.