Zambia’s Economy to Grow Over 6% in 2025 with Key Investments and Social Support
Zambia’s economy is projected to grow by over 6% in 2025, according to Finance and National Planning Minister Situmbeko Musokotwane, who remains optimistic about maintaining this growth unless the country faces another drought.
However, Minister Musokotwane noted that Zambia’s 2024 economic growth forecast has been downgraded to 1.1% due to the adverse effects of the drought, which significantly impacted agricultural production. The drought also negatively affected electricity generation, leading to setbacks in manufacturing and other sectors.
Dr. Musokotwane made these remarks today in Lusaka at the 2025 Post-Budget and Economic Outlook Symposium, organized by the Chinese Chamber of Commerce.
Meanwhile, Chinese Embassy Counsellor Jin Jun revealed that China plans to invest $5 billion into Zambia’s mining sector over the next five years, which is expected to significantly boost the country’s economy.
Additionally, Secretary to the Treasury Felix Nkulukusa shared that 2.5 million Zambians have been enrolled in social protection programs to mitigate the effects of drought-induced poverty. He added that 1.3 million Zambians are receiving a monthly Social Cash Transfer of 400 Kwacha.
