Africa Business Radio

Zimbabwe’s Finance Minister Mthuli Ncube has announced that the country’s economy is expected to rebound from the impact of the Covid-19 pandemic and grow by over 7% next year. The minister says the growth will be spurred by a strong agricultural season and higher global commodity prices while presenting the annual budget. Mr Ncube described the budget as a people’s budget, one that lowers taxes and increases spending on social services. Spending on health services will take up 14% of government expenditure including a pledge to revamp dilapidated public hospitals.