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On paper, Zimbabwe’s story in late 2025 looks almost unrecognisable from the crisis headlines of just a few years ago. The World Bank’s latest Zimbabwe Economic Update projects 6.6% GDP growth in 2025 , outpacing most of Sub-Saharan Africa, driven by a rebound in agriculture, services, and renewed investment in mining and steel. Inflation, which has been triple-digit more often than not over the past decade, is now falling sharply : industry data show ZiG-based annual inflat

Three years ago, Ghana was the cautionary tale of African finance. After years of heavy borrowing and external shocks, the country defaulted on its international debt in 2022 and scrambled into a $3 billion IMF programme in 2023. Eurobond coupons went unpaid, inflation blew out, the cedi plunged and confidence evaporated. Fast-forward to late 2025 and the headlines look very different. Ghana has: Completed the restructuring of its Eurobonds (around $13 billion) in October 202

On the streets of Harare, prices are still quoted in both U.S. dollars and ZiG. But for the first time in years, the headline number that has haunted Zimbabweans for decades is starting to look almost ordinary. According to the latest data from the Zimbabwe National Statistics Agency (ZimStat), annual inflation measured in Zimbabwe Gold (ZiG) fell to 19% in November 2025 , down from 32.7% in October. It is a dramatic shift from just a few months ago. In July, annual ZiG infla

On a busy street in central Harare, shopkeepers still quote prices in both U.S. dollars and the Zimbabwe Gold (ZiG) – but the tone of the conversation has shifted. After years of relentless price surges, inflation has suddenly fallen hard , dropping from 82.7% in September to 32.7% in October 2025 , its lowest level in nearly two years. Business groups and policymakers say this is no accident. A new, partly gold-backed currency, firmer monetary policy and an unexpected gold p