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


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Industrial gas valves outdoors. Photo by David Brown @ Pexels
Will Tanzania's gas find deliver? Investors await proof
29/10/2026
3 days ago
Maria Brook
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Is JPMorgan chasing Nigeria’s minerals? Banking strategy raises questions
27/10/2026
5 days ago
Vincent Nwanma
Read More »
A vibrant market scene in Accra, Ghana. Photo by Zeal Creative Studios @Pexels
Can Ghana keep borrowing cheap? Investor demand softens
26/10/2026
6 days ago
Evans Effah
Read More »

Recent Politics

Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
27/10/2026
4 days ago
Brandon Orion Mensah
Read More »
A rusted tank at a war zone. Photo by Alen Bešlija @Pexels
Sudan’s drone war kills hundreds. Can diplomacy prevail?
27/10/2026
4 days ago
Maria Brook
Read More »
Abiy Ahmed Ali, Prime Minister of Ethiopia. Photo @Abiy Ahmed Ali/X
Could Ethiopia’s Eritrea crisis derail its debt recovery?
23/10/2026
1 week ago
Maria Brook
Read More »

Latest Posts

Latest news insights

L-R: Sen. Heineken Lokpobiri, Hon. Minister for State Petroleum Resources (Oil), Federal Government of Nigeria, Dr. George Elombi, President and Chairman of the Board of Directors at Afreximbank and Hon Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy of Côte d'Ivoire during the first General Meeting of the Africa Energy Bank in Abuja, Nigeria
Read More »
Africa launches $5bn energy bank. Can it deliver?
Nairobi, Kenya © Unsplash
Read More »
Can Kenya outrun its debt? IMF reckoning looms
Notes of money. Photo by Sunday Abegunde @ Unsplash
Read More »
West African banks borrow less. Is liquidity improving?
Market place in Aït Benhaddou, Morocco. Photo by Rigel @ Unsplash
Read More »
Morocco’s inflation returns. Can subsidies withstand energy shocks?
Nairobi, Kenya © Unsplash
Read More »
Can Kenya outrun its debt? IMF reckoning looms
Notes of money. Photo by Sunday Abegunde @ Unsplash
Read More »
West African banks borrow less. Is liquidity improving?
Market place in Aït Benhaddou, Morocco. Photo by Rigel @ Unsplash
Read More »
Morocco’s inflation returns. Can subsidies withstand energy shocks?
Windhoek, Namibia © Unsplash
Read More »
Namibia raises rates as oil shock tests economy
Notes of money. Photo by Sunday Abegunde @ Unsplash
Read More »
West African banks borrow less. Is liquidity improving?
Market place in Aït Benhaddou, Morocco. Photo by Rigel @ Unsplash
Read More »
Morocco’s inflation returns. Can subsidies withstand energy shocks?
Windhoek, Namibia © Unsplash
Read More »
Namibia raises rates as oil shock tests economy
Industrial gas valves outdoors. Photo by David Brown @ Pexels
Read More »
Will Tanzania's gas find deliver? Investors await proof