Zimbabwe’s Finance Minister Mthuli Ncube has revised the nation’s 2026 growth forecast down to 5 percent from 6.5 percent, citing weaker global demand and internal economic challenges. In his national budget presentation, Ncube announced higher gold royalties and a 0.5 percent increase in Value Added Tax (VAT) to stabilize finances. | CGTN Africa

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube; Permanent Secretary Mr George Guvamatanga and Zimpapers CEO Mr William Chikoto follow proceedings at the 2026 Post Budget meeting that is underway at the Golden Conifer in Harare. 📹: Memory Mangombe | The Herald-Zimbabwe