The World Economic Outlook for 2023

By Yohane Mbeeya Moono An Alumni of the Zambia Institute of Diplomacy and International Studies The Zambian Minister of Finance and National Planning on 30th September, 2022 presented the country’s National Budget for the year 2023. A number of interesting economic pronouncements were made in the National Budget. Among them is the projected real Gross

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

The Five Richest Countries in Africa for 2021

A trivia compilation by Rev Walter Mwambazi Here are the five richest countries in Africa according to GDP-PPP from bottom up for 2021 #5. Gabon $16,559*#4. Botswana $17,163*#3. Equatorial Guinea $18,698*#2. Mauritius $22,311*#1. Seychelles $28,060* As can be seen, Seychelles has more than double the earning capacity and wealth than South Africa factoring in the

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

AGRICULTURE AND THE AfCFTA

By Moono John As of Monday 28 December, 2020, the population of Africa stood at 1,356,137, 670 people according to the United Nations estimates. Apart from human resource Africa has another resource which is also more precious and in abundance to and that is land which can propel the Agriculture sector to greater heights. The