Zvamaida Murwira
Senior Reporter
ZIMBABWE’S foreign currency generation has grown by 26,8 percent while reserves accumulation rose by more than US$200 million over the past year on the back of tight fiscal and monetary policy interventions by the Government, President Mnangagwa has said.
He made the remarks on Tuesday while delivering a State of the Nation Address (SONA) at a joint sitting of the National Assembly and Senate, where he also set the legislative agenda of the Third Session of the 10th Parliament.
“The country’s foreign currency generation capacity continues to strengthen. Inflows stood at US$10.4 billion as of August 2025, an upward increase of 26.8 percent, from the US$8.3 billion recorded during the same period in 2024.
“Consequently, foreign currency reserves increased to about US$900 million as at the end of September 2025, up from US$700 million in June 2025. In recognition of this effort, the World Bank recently ranked Zimbabwe first among the top 10 countries in the world that have made significant progress in foreign currency reserve accumulation,” said President Mnangagwa.
Inflation and the ZiG, the President said, have remained relatively stable owing to measures implemented by the Second Republic.
“The tight monetary and fiscal environment in the economy have remained favourable to support sustained economic activity. My Government is diligently implementing the necessary policies, measures and initiatives to maintain currency stability of the ZiG and inflation.
“Going into the future, the trend in macro-economic stability is expected to become the status quo in our country.”
President Mnangagwa said his administration had intensified resource mobilisation, riding on the country’s rich endowments so as to fund public service projects.
“On the fiscal front, I am pleased to advise that we remain steadfast in strengthening sustainable resource mobilisation strategies to ensure provision of public services,” he said.
The President said his administration will extend social safety programmes meant to help vulnerable persons such as the Basic Education Assistance Module.
“Enhanced fiscal capacity has allowed Government to extend social benefits to vulnerable groups under social protection programmes, including the Food Deficit Mitigation Programme, the Basic Education Assistance Module and the Vulnerable Agriculture Input Scheme.
“These interventions reflect our unwavering commitment to building a comprehensive and resilient social protection system that safeguards women, children, persons with disabilities and the elderly, among others,” said President Mnangagwa.
Turning to the media, the President said his administration made strides in modernising broadcasting studios.
“Government has made strides in upgrading the media landscape through modernisation of the Zimbabwe Broadcasting Corporation’s Montrose Studio in Bulawayo. Additionally, the ZBC’s Luzibo Radio, which is a new education channel, was established in order to bring educational content directly to learners across the country,” said President Mnangagwa.
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