Search

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

  • 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.

Recent Business

Gas pipeline. Photo by Leo Sokolovsky @ Unsplash
AfDB backs Mozambique LNG push with $150mn Coral North financing
Read More »
Gas pipeline. Photo @ Unsplash
Nigeria’s $24.6bn gas mega-project puts it top of China’s belt
Read More »
Peanuts. Photo by Abril Chavira @ Unsplash
Senegal allows peanut seed exports for 2026 amid farmer losses
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »

Latest Posts

Latest news insights