Zambia Projects 6% Economic Growth for 2025
During the Mid-year Budget and Economic Performance Review in Lusaka, Finance and National Planning Minister Situmbeko Musokotwane projected a minimum 6% growth for Zambia’s economy in 2024. He attributed this optimistic outlook to various government measures aimed at fostering economic stability.
Musokotwane also highlighted a positive vision for 2025, expecting favourable rainfall to aid the recovery of the agriculture and energy sectors.
Despite ongoing challenges such as price volatility and supply chain interruptions, the ministry is committed to improving enforcement measures to address weaknesses like tax compliance.
Zambia Revenue Authority (ZRA) Commissioner General Dingani Banda emphasized the authority’s ongoing efforts to strengthen tax revenue collection, underscoring the government’s commitment to economic stability and growth.
