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

Windhoek, Namibia © Unsplash
Namibia holds interest rate at 6.5% to defend currency peg
Read More »
Tunisia | Photo by Amal Bourkhis @ Unsplash
Tunisia GDP growth accelerates to 2.7% in Q4 2025 as agriculture rebounds
Read More »
Solar farm. Photo by Michael Förtsch @ Unsplash
South Africa’s SolarAfrica secures $93mn for 114MW solar plant
Read More »

Recent Politics

Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »
Burundi’s President Évariste Ndayishimiye. Photo: Présidence - République du Burundi/Facebook
African Union elects Burundi’s Ndayishimiye as 2026 chair
Read More »

Latest Posts

Latest news insights