- Extended load-shedding from 8 to 12 hours daily expected to slow economic growth to 2.3%.
- Power outages increase costs for businesses, affecting profits and investment.
Lusaka, Zambia – Zambia’s economic growth is projected to slow to 2.3% from an earlier forecast of 4% in 2024 due to drought and newly imposed extended hours of load-shedding, which are likely to heavily impact businesses and investments, Dr. Johnstone Chikwanda, an energy expert at Energy Forum Zambia, has observed.
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