Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, has revealed that the National Development Strategy 2 (NDS-2), which will build on the successes of the first phase and further transform Zimbabwe’s economy, will be formulated by the end of the year. NDS-2, set to be implemented from 2026, is expected to drive sustainable development and propel the nation towards achieving Vision 2030.
Speaking in an exclusive interview, Prof Ncube highlighted that Zimbabwe’s economy is no longer in recovery mode but has transitioned into sustained growth. This shift, he noted, provides a solid foundation for realizing the Government’s ambitious economic blueprint aimed at leaving no one and no place behind.
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Book NowThe National Development Strategy 1 (NDS-1), a comprehensive plan targeting political, social, and economic development for the period 2021-2025, is now in its final year of implementation. Prof Ncube assured that NDS-2 will continue to build on this trajectory, with a strong emphasis on inclusive and transformative policies to foster resilience and economic progress.
Key to the Government’s vision is achieving a projected 6% economic growth rate for the year. Prof Ncube attributed this optimistic target to the rebound in the agricultural sector, spurred by the current favorable rainfall pattern, and ongoing investments in the manufacturing sector. The agricultural recovery, following a challenging dry spell earlier in the season, is expected to play a pivotal role in ensuring food security and bolstering overall economic performance.
To further stimulate local industries, the Government will reintroduce duty on imported buses, a measure aimed at promoting domestic vehicle manufacturing. Prof Ncube emphasized that this policy aligns with the broader objective of supporting local production, particularly in sectors such as vehicle assembly, which are crucial to economic resilience and industrial growth.
“These measures are part of a deliberate strategy to transform our economy,” said Prof Ncube. “We want to create a robust local production ecosystem that enhances resilience and fosters sustainable growth.”
As the year progresses, the formulation of NDS-2 is expected to solidify Zimbabwe’s development path, with the Government committed to creating an enabling environment for investment and inclusive economic prosperity. This next phase of development aims to consolidate the gains achieved under NDS-1 and ensure continued progress toward the realization of Vision 2030.
