By A Correspondent| Zimbabwe’s Finance Minister, Mthuli Ncube, recently shared that Zimbabwe’s economy has been growing steadily, even with the country’s money issues. He explained that having a weaker currency has actually been beneficial for some people and businesses. In fact, the economy has grown at an average of 6.8% over the last three years.

Right now, Zimbabwe is trying out a new currency called the Zimbabwe Gold (ZiG), its sixth currency attempt in 15 years. Since its launch in April, however, the ZiG has been losing value compared to the U.S. dollar. Ncube said the slowing economy this year wasn’t because of the ZiG’s depreciation but blamed climate change, which has affected Zimbabwe’s agriculture and industries.

“A weaker currency can help some people, like those who sell goods to other countries, as it makes their products more affordable outside of Zimbabwe,” Ncube said. He explained that the ZiG’s depreciation might not be a bad thing for everyone, as it has helped some businesses grow.

Yesterday, Zimbabwe signed four agreements with the European Union (EU) worth €75 million (about US$80 million) to support development. The funding will help Zimbabwe in areas like green farming, renewable energy, wildlife conservation, and support for women and youth. EU Ambassador Jobst von Kirchmann said the EU wants to work with Zimbabwe to build a strong and resilient society.