Zimbabwean President Emmerson Mnangagwa said Tuesday his government had achieved sustained macro-economic stability and tamed inflation.

Opening parliament on Tuesday Mnangagwa said foreign currency inflows hit $10.7 billion in the first half of 2026.

“My Government has consolidated gains in price, currency and exchange rate stability.

“Inflation has been reduced to single-digit levels since January 2026,” he said.

“The positive outturn has been supported by strong foreign currency inflows, which amounted to US$10.7 billion for the first half of 2026.

(“They) are expected to reach about US$20 billion by year-end,” he told a joint sitting of the Senate and National Assembly.

Mnangagwa said the economy grew 8.3% in 2025, with agriculture growing 27.9%.

However he warned the outlook for southern Africa is “regrettably projected to be characterised by unfavourable weather patterns.

To prepare, his government has put in place what he called a “Six Pillar Plan for resilience”.

This includes a strategic grain reserve and livestock mitigation.

“Through our Chiefs, Headmen and Village Heads, communities are being prepared to withstand future shocks,” Mnangagwa said.

The 82-year-old leader also celebrated how Zimbabwe has recorded the first locally-produced lithium sulphate in Africa, as part of a push for mineral beneficiation.

Mnangagwa was delivering his State of the Nation Address to open the fourth session of the 10th Parliament.

Parliament will debate the speech next week.