Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa
Commodities

Zambia’s Private Sector Alarmed by IMF’s GDP Downgrade to 1.2% for 2024

Kennedy Mupeseni

Kennedy is a Zambian based journalist covering business, finance, energy and mining.
  • Business leaders urge government to bolster private sector-led recovery
  • Economic challenges mount as drought impacts key sectors

Lusaka, Zambia – Zambia’s private sector has expressed concern over the International Monetary Fund’s (IMF) recent downgrade of the country’s 2024 GDP growth forecast to 1.2%, citing economic vulnerabilities caused by an extended dry spell.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
16/06/2026
2 weeks ago
Eric Kasongo
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
08/06/2026
3 weeks ago
Eric Kasongo
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
04/06/2026
4 weeks ago
Brandon Orion Mensah
Read More »

Recent Politics

Uranium mines. Photo by Wolfgang Hasselmann @ Unsplash
Namibia’s uranium could decide America’s AI energy race
02/07/2026
2 days ago
Vitalio Angula
Read More »
A tense protest scene in Nairobi, Kenya with a military vehicle using a water cannon against demonstrators. Photo by Stasham @ Pexels
The hidden economic cost of Kenya’s Gen Z protests
01/07/2026
3 days ago
Wanderi Kamau
Read More »
Police watch on as protesters hold a sign demanding change in Nigeria during a peaceful demonstration. Photo by Dokun Ayano @Pexels
Will state police secure Nigeria or entrench governors’ power?
29/06/2026
5 days ago
Vincent Nwanma
Read More »

Latest Posts

Latest news insights

Chief Executive of Dangote Industries Limited, Aliko Dangote. Photo: Dangote Industries LinkedIn/Water Forward Event
Read More »
Dangote’s $750mn bond signals investors are backing performance over promise
Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
Read More »
Ghana’s $2.2bn cocoa payout is a high-stakes test of confidence
Crowded market in Nigeria. Photo by David Iloba @ Pexels
Read More »
Why Nigeria’s $18.55bn Eurobond stock signals its next borrowing gamble
Uranium mines. Photo by Wolfgang Hasselmann @ Unsplash
Read More »
Namibia’s uranium could decide America’s AI energy race
Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
Read More »
Ghana’s $2.2bn cocoa payout is a high-stakes test of confidence
Crowded market in Nigeria. Photo by David Iloba @ Pexels
Read More »
Why Nigeria’s $18.55bn Eurobond stock signals its next borrowing gamble
Uranium mines. Photo by Wolfgang Hasselmann @ Unsplash
Read More »
Namibia’s uranium could decide America’s AI energy race
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Read More »
Why Ethiopia’s 10.2% growth still leaves millions waiting for reform
Crowded market in Nigeria. Photo by David Iloba @ Pexels
Read More »
Why Nigeria’s $18.55bn Eurobond stock signals its next borrowing gamble
Uranium mines. Photo by Wolfgang Hasselmann @ Unsplash
Read More »
Namibia’s uranium could decide America’s AI energy race
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Read More »
Why Ethiopia’s 10.2% growth still leaves millions waiting for reform
Morocco @ Pexels
Read More »
Why Morocco’s 4.6% growth still masks a deepening industrial slowdown