Zimbabwe’s economic policy is entering a crucial phase as the government begins laying the groundwork for its next development blueprint, the National Development Strategy Two (NDS2), while wrapping up the current National Development Strategy One (NDS1). Launched in 2021, NDS1 has been pivotal in guiding the country’s socio-economic transformation, focusing on macroeconomic stabilisation, critical infrastructure rehabilitation, and the recent introduction of a structured currency to enhance economic stability.
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Book NowSpeaking during stakeholder consultations, Deputy Minister of Finance, Economic Development and Investment Promotion, Honourable David Mnangagwa, highlighted the government’s intent to build on NDS1’s achievements and lessons learned. He indicated that 2025 will serve as the final review period for NDS1, during which successes will be evaluated, gaps identified, and new sectors earmarked for inclusion in NDS2. A notable feature of NDS2 will be an enhanced focus on small and micro-enterprises, which have historically operated on the margins of the formal economy. By establishing a comprehensive register of small businesses, the government aims to integrate this critical sector into the national development matrix, ensuring that the benefits of economic growth are more widely shared.
As the country progresses towards its Vision 2030 goal of attaining upper-middle-income status, Honourable Mnangagwa emphasised the need for NDS2 to be future-proofed by incorporating emerging technologies and adapting to global geopolitical shifts. Technologies such as Artificial Intelligence are increasingly shaping economies worldwide, and their integration into Zimbabwe’s development strategy is seen as essential for maintaining competitiveness and unlocking new growth opportunities.
The formulation of NDS2 will be guided by extensive consultations with key stakeholders, ensuring that the strategy is both inclusive and responsive to the aspirations of Zimbabweans across different sectors. The Second Republic’s commitment to participatory planning reflects a broader policy shift towards accountable governance and sustainable development.
The National Development Strategy series remains central to Zimbabwe’s long-term economic transformation agenda, and NDS2 is expected to consolidate the gains of NDS1 while introducing innovative mechanisms to drive inclusive growth. If effectively implemented, NDS2 could serve as a catalyst for accelerating Zimbabwe’s journey towards economic resilience, technological advancement, and social prosperity.
