adminbackdrop of sustained expansion in agriculture, construction, manufacturing, transport and communication sectors, a statement released by the AfDB office in Zambia said.
“The outlook for the Zambian economy remains favourable in the medium term, underpinned by robust growth and single-digit inflation.
“The economy is projected to grow 6,9 percent in 2012, picking up to 7,3 percent in 2013, while inflation would remain in single digits,” the bank was quoted as saying in the statement.
Zambia’s economy slowed to 6,6 percent in 2011 from 7,6 percent in 2010, mainly because of a weaker mining sector performance.
The bank has, however, stated that Africa’s top copper producer remains vulnerable to external shocks with a sluggish global economic recovery, which is a key concern to its key mining export.
The bank has further stated that maintaining investor confidence is a key issue after the government reversed the privatisation of its telecommunications firm. — Xinhua.
Online Reporter
- Herald
- June 7, 2026
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74 Zimbabweans arrive by road as xenophibia attacks heats up in SA
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