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Zambia’s economic growth in the medium term is projected to average 6.0 percent annually, driven by a recovery in the mining and agriculture sectors.
This growth is expected as macroeconomic conditions improve due to the implementation of the development reform agenda outlined in the Eighth National Development Plan (8NDP).
Additionally, a conducive investment environment facilitated by the government in key sectors such as livestock, manufacturing, energy and tourism is anticipated to stimulate production and enhance productivity.
This information was contained in a statement issued by the Ministry of Finance and National Planning on Sunday, as it circulated the Medium-Term Budget Plan (MTBP).
In 2025, the growth rate is projected to reach 6.6 percent, 5.9 percent in 2026, and 5.6 percent in 2027 despite the negative impacts of the drought during the 2023/2024 rainy season.
“The government’s medium-term policy will focus on enhancing private sector investment, particularly in agriculture, tourism, manufacturing, mining and energy.
“Additionally, the government will leverage modern technology and prioritize social protection interventions to safeguard the most vulnerable, drive economic growth, and build resilience,” the statement indicated.
The statement further stated that in the 2025-2027 medium term, the government would focus on leveraging the gains achieved so far to build economic resilience and prosperity amidst climate change effects.
This entailed increased focus on policies that enhance private sector investment, particularly in agriculture and tourism, in addition to manufacturing and mining, which have a higher potential for the immediate upliftment of livelihoods.
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