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Interview with Mukula Makasa Director General Of The Zambia Development Agency (until January 2022)
ZambiaInvest interviewed Mukula Makasa, Director General of the Zambia Development Agency (ZDA) from September 2020 to January 2022.…
Tanzanian Amsons Group To Develop 1,300MW Of Solar And Coal Power Projects In Zambia Worth USD 900 Million
Tanzania's Amsons Group and Exergy Africa Limited will invest USD 900 million to develop 1,300MW of new power capacity in Zambia, including 1,000MW of solar and 300MW of coal. The partners aim to meet Zambia’s future energy demand, improve grid reliability, and support industrial expansion.
S&P Upgrades Zambia Rating to ‘CCC+’ on Debt Restructuring and Copper Production Growth
S&P Global Ratings has upgraded Zambia's long-term foreign currency sovereign credit rating to 'CCC+' from 'SD' following significant progress in debt negotiations. The agency highlights a stable outlook driven by a 17.8% increase in copper production in H1 2025 and improved fiscal performance.
Zambia and Tanzania Launch Major TAZARA Railway Rehabilitation to Boost Regional Trade
The TAZARA railway rehabilitation was officially launched during a ceremony in Lusaka marking the commencement of major upgrade works. The launch is expected to improve trade flows, transport efficiency, and economic links between Zambia, Tanzania, the Democratic Republic of Congo, and Southern African countries.
IMF Projects Zambia’s GDP to Reach 5.2% in 2026, Citing Economic Resilience, Eased Inflation, and Reform Progress in 2025 Extended Credit Facility Review
The IMF concluded its 2025 review of the Extended Credit Facility with Zambia, projecting GDP growth of 5.2% in 2026 following 4.5% growth in early 2025. The IMF cited easing inflation, improved liquidity, strong investor demand, and steady reform progress in governance, fiscal management, and private sector participation.
IMF Projects Zambia GDP to Grow by 5.8% in 2025 and 6.4% in 2026, Inflation to Ease to 9.2%
The IMF’s October 2025 Regional Economic Outlook projects Zambia’s GDP growth at 5.8% in 2025 and 6.4% in 2026, with inflation easing to 9.2%. The report highlights Zambia’s fiscal recovery, surplus outlook, and tax policy lessons as the country continues its debt restructuring process.
Economics Association of Zambia To Host National Economic Summit 2025 in Livingstone on 11–12 September
The Economics Association of Zambia will host the National Economic Summit 2025 in Livingstone on 11–12 September. The summit will focus on SMEs, sustainable financing, and debt sustainability, bringing together government, private sector, and development partners.
Bank of Zambia Maintains Policy Rate at 14.5% as Inflation Declines to 13.0%
The Bank of Zambia maintained its policy rate at 14.5% during the August 2025 Monetary Policy Committee meeting. Inflation declined to 13.0% in July, driven by improved maize supply, lower fuel prices, and the appreciating Kwacha. Inflation is projected to reach the 6-8% target band by the first quarter of 2026, supported by currency strength, lower food and energy costs, and ongoing monetary and fiscal measures.
Zambia Adopts Fisheries Sector Roadmap to Cut Feed Costs, Improve Standards, and Create Jobs
Over 80 stakeholders at the National Fisheries Forum in Lusaka from 11–13 August 2025 agreed on a national roadmap to cut fish feed costs, improve quality standards, harmonise trade rules, expand finance, and promote gender-responsive policies. The roadmap was developed under the AfCFTA-led Women and Youth Economic Empowerment in Fisheries Programme, implemented with TradeMark Africa and Mastercard Foundation, which aims to create 242,000 jobs and strengthen Zambia’s fisheries sector.
Zambia Posts Africa’s Fastest FDI Growth in 2024, Up 1,339%, Driven by Copper Mining and Green Industry
Zambia attracted USD 1.24 billion in FDI in 2024, a 1,339.5% increase, ranking 1st in Africa for FDI growth and 17th for total FDI inflows. UNCTAD attributes the surge to renewed investor interest in copper mining and green industrial value chains.
Barrick Starts USD 2B Lumwana Copper Mine Expansion in Zambia to Double Output
Barrick has started construction of the USD 2B Lumwana copper mine expansion in Zambia to double output to 240,000 tonnes annually. The project includes a new plant, infrastructure upgrades, and investment in workforce and environmental programmes.