Zambia’s annual inflation soars to 12%, as country posts trade surplus
• On average, prices of goods and services increased by 12.0 percent between September 2022 and September 2023.• This was mainly due to price movements
Tag : Economy
Bank of Zambia raises its benchmark lending rate to 10%
• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range
July food basket rises by K61.73
• Basic Needs and Nutrition Basket for July 2023 in Lusaka, stood at K9, 301.18• This is in comparison to the recorded figure of K9,
Economist urges government to prioritize manufacturing sector
• This is to ensure that Zambians appreciate benefits of the successful debt restructuring deal in the medium-term.• Results of the restructured debt cannot be
Zambia needs rapid growth to attain Vision 2030 – Economist
• Stakeholders are concerned over low contribution to GDP by manufacturing, mining and agriculture sectors.• Zambia needs growth at a rapid speed for it to
Kwacha depreciation persists due to high FX demand
• Debt restructuring deal has come with optimism regarding the future of the economy in terms of its performance.• This has resulted in high demand
Annual inflation rate hits to double digits
• Price movements in Cereals, Fish Vegetables., Milk, and Cheese & Eggs.• Overall monthly inflation July 2023 was recorded at 0.9 percent.• Annual national average
Zambia saw less investment flows in first half – Economist
• The country did not record much investment flows because of the uncertainty of the debt restructuring deal.• Most investors were shifting their investments away
Financial Analyst attributes Kwacha weakness to externalization of dollars
• Zambia is importing more than it is exporting.• The country is not generating as much revenue to be able to meet the demand.• These
Government to start negotiations on debt restructuring
• Government will soon start the process of negotiating with its private creditors on debt restructuring.• What government has currently agreed upon, are principles of