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

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.

Stay ahead with Real time Updates

Recent Business

Steel factory. Photo by Peter Herrmann @ Unsplash
Morocco producer prices rebound on chemicals after six-month slide
03/12/2025
58 minutes ago
Justice Nwafor
Read More »
An exhibition stand at the Intra-Africa Trade Fair 2025 in Algeria Photo: Afreximbank Media
South Africa trade surplus narrows sharply in October
03/12/2025
2 hours ago
Eric Kasongo
Read More »
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Ghana inflation drops to 6.3% in November as price pressures ease
03/12/2025
4 hours ago
Joshua Worlasi Amlanu
Read More »
Custom Research

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
02/12/2025
1 day ago
Wanderi Kamau
Read More »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
02/12/2025
1 day ago
Evans Effah
Read More »
Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
28/11/2025
5 days ago
Alhousseiny Djigo
Read More »

Latest Posts

Latest news insights

Steel factory. Photo by Peter Herrmann @ Unsplash
Read More »
Morocco producer prices rebound on chemicals after six-month slide
An exhibition stand at the Intra-Africa Trade Fair 2025 in Algeria Photo: Afreximbank Media
Read More »
South Africa trade surplus narrows sharply in October
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation drops to 6.3% in November as price pressures ease
The oil refinery factory. Photo by Maksym Kaharlytskyi @ Unsplash
Read More »
Angola producer prices fall for fourth straight month as oil, diamonds drag output
An exhibition stand at the Intra-Africa Trade Fair 2025 in Algeria Photo: Afreximbank Media
Read More »
South Africa trade surplus narrows sharply in October
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation drops to 6.3% in November as price pressures ease
The oil refinery factory. Photo by Maksym Kaharlytskyi @ Unsplash
Read More »
Angola producer prices fall for fourth straight month as oil, diamonds drag output
Lagos, Nigeria. © Unsplash
Read More »
Nigeria’s growth eases to 3.98% in Q3 as oil underperforms
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation drops to 6.3% in November as price pressures ease
The oil refinery factory. Photo by Maksym Kaharlytskyi @ Unsplash
Read More »
Angola producer prices fall for fourth straight month as oil, diamonds drag output
Lagos, Nigeria. © Unsplash
Read More »
Nigeria’s growth eases to 3.98% in Q3 as oil underperforms
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Read More »
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections