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Zimbabwe's Economy Remains Solid - Mthuli Ncube

Zimbabwe's Economy Remains Solid - Mthuli Ncube

Finance and Economic Development Minister, Mthuli Ncube said the Government is satisfied with the performance of different sectors of the economy including mining, manufacturing, construction and tourism.

Ncube said the economy remains on track to achieve the projected 5.5 per cent growth rate in spite of low rainfall which has negatively impacted agriculture and rising fuel prices triggered by Russia’s invasion of Ukraine.

Speaking to journalists on the sidelines of the Zimbabwe Metal Casting Summit held in Harare on Friday, Ncube said:

At the moment we are following the rainfall pattern and currently, we have completed the first crop assessment and we are waiting for the second assessment so that we get a clearer picture from particularly the agriculture sector, which is a key sector in the economic growth matrix and its link with other sectors.

But so far we are very pleased with the performance of other sectors such as mining, manufacturing, construction supported by the opening up of the economy with tourism picking up again largely driven by domestic tourism.

Ncube also said the Government has been running a fuel subsidy for the last five months by reducing the fuel levy from 12.47 cents per litre to 8.7 cents per litre. He said:

If you notice since about October last year, the fuel price has been largely stable and we will keep it going for as long as we can afford it, but it is necessary to cushion consumers.

More: The Sunday Mail


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22 Comments

Ncube Mthuli 2Β months ago

Guys to be frank with you iam practise bookidh economics,but this regime always give me directive which sometimes i had to abide to safeguard my work and at th same time pleasing my bosd ED,practically we had forces from different directions we had government force,black market forces in reality black market is offering a high exchange rste ehich surpase our intrrbank rste,so we sat down and say look if we kerp chasing th blackmarket rste will fuel up inflation so we conclude that th official rate must be stagnent and be agreed upon shamwari zim economy inovhara iyo ndakamboita bank rainz Babican zvikazodhakwa ndikanotsvaga basa kuDiaspora,chinopisa chieconomy ichoooo,Ngaapinde Hake Mukomana


Makelanwi 2Β months ago

Hulk Hogan ,how can you boasts of a 5% growth against zero.Matuzvi is misleading the nation and his drunken master.The previous year we had budget deficit and he lied that the country had 7% Growth.


Machiavelli 2Β months ago

What can you expect from a whole Finance Minister who doesn't know the country's currency exchange rate?

SOLID, my foot πŸ™†β€β™€οΈπŸ™†β€β™€οΈπŸ™†β€β™€οΈ
I am sure someone made a mistake. SOILED is a much more apt adjective to describe this economy


2Β months ago


kezi 2Β months ago

danci tune yazanu wangu zvinhu zvirikuoma


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Dube 2Β months ago

But people are living in poverty. Vanhu tirikutambura muno muZim


Vbyz Kartel 2Β months ago

This is one example of a clown trying to entertain the bereaved at a funeral, @Mthuli. Zimbabwe's economy is on the edge of demise, only the dead see a little hope in her. The third of nation is wallowing in poverty, unemployment and poor salatied, then one crazy economist believes everything is normal. The security forces have turned into criminals,then we get someone saying the economy is doing good.

Total insanity dominates ZANU pf, I therefore hang my boots, away with the so called revolutionary party. Please CCC forgive and forget my past, I as a concerned Zimbabwean i do hereby render my loyalty to the young champion Adv Nelson Chamisa.
vote CCC

Vana Chahototo,Tkt, Jah Tsvarie ne team yangu yakudara mur**** dzivanhu maindipfurira


doug 2Β months ago

How many economies does our country have as the one I and all the people I know does not resemble the one the minister is talking about. We also need a finance minister for the poor who understands the lives and requirements of public servants who include doctors, nurses and teachers.


Mafirakureva 2Β months ago

We need a Finance Minister who at least knows the ruling exchange rate. Certainly NOT this clueless clown

Hulk Hogan 2Β months ago

@Makelanwi, your comment is crystal clear evidence deficiency in the appreciation of key economic principles on your part. As you're probably aware, our economy is coming from a very low plateau or base resulting from economic cycles and the illegal sanctions. Through the effective fiscal measures being implemented in conjunction with ongoing RBZ currency reforms, a significant economic growth will definitely be realized. Without getting into much detail, the fiscal measures being undertaken will bring about what is known as "multiplier" effect in our economy, hence a handsome projected economic growth. From the perspective of open-minded people, the projected 5.5% economic growth is not only realistic, but attainable as well.


Mr T 2Β months ago

Zvakaoma wema. Tinenge tisina kwatikuenda. Ndege iri pa musium chaiko

JahπŸ‡ΏπŸ‡ΌTsvarie-07 2Β months ago

We can't live a normal life as workers and that alone is sign that our economy is not okay, we are paid Rtgs$ to buy US$ to pay rent and basic commodities. your 2% plus bank charges from bank to wallet then your 2% plus ecocash charges to money changers leads to poverty...


Jinx 2Β months ago

The man should download a dictionary on his phone and search the word SOLID.
Clown!


Yvt 2Β months ago

A delusional man indeed, living in an imaginery land. Tendai Biti once said it cleary anzi its Vodoo economics being practised kkkkkk.


inini 2Β months ago

mthuli akuda kuvhara zimbabwe yacho


Makelanwi 2Β months ago

True lies by MTHULI NCUBE,THAT'S WHY BARBICAN BANK LIQUIDATED,Mr Vostro is a lier.Hapana zvozikanwa.Even strong economies like China ,do not achieve 5% growth.5% of zero equals zero.


π™ΌπšŠπš›πšŠπšŸπšŠπš£πšŠ 2Β months ago

π™±πšžπš πš—πš˜πšπš‘πš’πš—πš πš’πšœ πšœπš‘πš˜πš πš’πš—πš πšžπš™ πš˜πš— πšπš‘πšŽ πšπš›πš˜πšžπš—πš....πš™πš›πš’πšŒπšŽπšœ 𝚘𝚏 πš‹πšŠπšœπš’πšŒπšœ πšŠπš›πšŽ πšœπš”πš’πš›πš˜πšŒπš”πšŽπšπš’πš—πš, πšŒπš’πšŸπš’πš• πšœπšŽπš›πšŸπšŠπš—πšπšœ πšŠπš›πšŽ πšπšŽπšπšπš’πš—πš 𝚊 πš›πšŠπš  πšπšŽπšŠπš• πš˜πšŸπšŽπš› πšπšŽπš–πšŠπš—πš πšπš˜πš› 𝚊 πš•πš’πšŸπš’πš—πš 𝚠𝚊𝚐𝚎. π™·πš˜πšœπš™πš’πšπšŠπš•πšœ 𝚍𝚘 πš—πš˜πš πš‘πšŠπšŸπšŽ πš–πšŽπšπš’πšŒπš’πš—πšŽ πšŠπš—πš πšŽπšœπšœπšŽπš—πšπš’πšŠπš• πšŽπššπšžπš’πš™πš–πšŽπš—πš...𝚜𝚘 πš πš‘πšŽπš›πšŽ πš’πšœ πšπš‘πš’πšœ πšœπš˜πš•πš’πš πšŒπš˜πš–πš’πš—πš πšπš›πš˜πš–.


mhinjo 2Β months ago

Today Mari inotenga isu zve rtgs kwete hatidi


. 2Β months ago

Chahototo m u s u r i wa Mai vako usade kudenha pese pese

chahototo 2Β months ago

ukuudza ani izvozvo


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