Zambia’s Economy Shows Steady Growth with Positive Outlook
Finance and National Planning Minister Dr. Situmbeko Musokotwana has announced that Zambia has recorded consistent economic growth over the past three years, with projections indicating continued improvement in the years ahead.
Speaking in Lusaka during the launch of the Zambia Economic Outlook Report, Dr. Musokotwana highlighted that the country’s economic prospects remain favourable.
The report notes that while Zambia’s outlook is positive, further diversification of the economy is essential to mitigate potential risks.
It also underscores the country’s potential to drive growth by leveraging its rich endowment of energy transition minerals.
“This tells us that the future is promising. It shows that we must stay the course on the policies that have delivered this progress—especially ensuring that the national budget is managed sustainably,” Dr. Musokotwana said.
Despite facing energy supply challenges due to last year’s drought, Zambia’s economy has demonstrated resilience.
A robust recovery in the mining sector has been a key driver of growth, with the government committed to maintaining a positive economic trajectory.
World Bank Country Manager Achim Fox added that Zambia’s real GDP is projected to grow by 5.8% in 2025, with an average growth rate of 6.5% expected in 2026 and 2027.
