Zambia Economic Outlook: Recent macroeconomic and financial developments

The economy of Zambia fell into a deep recession due the adverse impact of the COVID–19 pandemic. Real GDP contracted by an estimated 4.9% in 2020, after growing by 4.0% in 2018 and 1.9% in 2019. The output contraction is the result of an unprecedented deterioration in all the key sectors of the economy. Manufacturing

WHY SHOULD ANGOLA IMPORT CHICKEN FROM BRAZIL WHEN NEXT DOOR ZAMBIA IS STRUGGLING TO SELL? HOW DO WE CHANGE THIS?

By Alexander Nkosi In Zambia, about 42 million hectares is classified as medium-to high-potential land for agriculture production, three times bigger than Malawi’s agriculture land. In 2020, Malawi’s top exports included: Raw Tobacco- USD 584 million, Tea- USD83.4 million, Raw Sugar- USD75.2 million, Dried Legumes- USD46 million, and Other Nuts- USD33 million. In the same

Why Africa Needs A Big Population to Attain The Dream of Development

Nigeria overtook South Africa in 2014 as the largest economy in Africa. In 2019, Nigeria posted a GDP of $450billion. South Africa is second with a GDP of $360 billion. Although South Africa has the most developed infrastructure and has an impressive industrial and manufacturing complex, Nigeria’s economy earnings are attributed to its large population

IMF Bailout: A sense of De Javu for the Citizens

By Yohane Mbeeya Moono Prior to the August 12 elections, the Patriotic Front led government was engaged in serious negotiations to have an economic bailout package from the International Monetary Fund. The then President Edgar Chagwa Lungu in November of 2020 launched the Economic Recovery Plan. The Patriotic Front and the United Party for National

Private Sector Driven Economy

By Yohane Mbeeya Moono Development has the rhetoric term that has been the loudest spoken over the course of the time the country attained her independence. The government has always indicated that it is in the hurry to develop the country. Against this background, the government being the chief policy maker can be apportioned some

AFRICA’s IMPREGNABLE DEBT POSITION

By John Moono Former Burkina Faso Leader Thomas Isidore Sankara once echoed this on Debt: Under it’s current form, that is imperialism-controlled , debt is a cleverly managed reconquest of Africa, aiming at subjugating it’s growth and development through foreign rules. Thus each one of us becomes the financial slave which is to say a

Key Points In The National Budget Speech

By John Moono Mood among the citizenry of this country have had a feeling that Zambia deserves better and with the many natural resources endowed in the country, the nation should be more developed than the current state. The Zambian social media and political arena has been awash with comments and debates about the first

IDC CHANGING THE ECONOMIC LANDSCAPE of RURAL ZAMBIA

DID YOU KNOW THAT… ●Zampalm, is Zambia’s largest oil palm plantation and is in Kanchibiya district Muchinga Province. ●Zampalm is 90% owned by the IDC. ●In its current phase, the planted area of oil palm trees is 3,600 hectares of which 2,800 hectares have mature oil palm trees. ● Commercial harvesting from an oil palm

Rekindling the Spirit of Ujamaa

By Moono John The history of the world is told from many points of view. Many a times the writers of this history tend to have a specific target groups and objectives. One disadvantage about the way history is that there is always a lot of distortion particularly about the way African history has been

Policy Direction Expected in the National Budget Speech

By John Moono With the National Budget Speech slated for October, 2021, this is where we are going to get policy direction from the President through the Minister of Finance to give clear National Policies through Budgetary provisions that indicate clear commitment from the government of the day. Policy Direction from the President would replace