ZambiaEconomy

Zambia's Inflation Target Achievement Marks Economic Milestone

2 days ago

Zambia is on track to meet its annual inflation target for the first time since 2019, a positive sign amidst a backdrop of economic recovery efforts initiated by the government. The Central Statistical Office of Zambia has reported that the inflation rate has significantly decreased, currently standing at around 9% as of April 2025, which is in line with the target set by authorities.

Zambia's Economic Surge: A Stellar Growth Rate Exceeds IMF Projections

23 days ago

In a striking development that underscores the resilience of its economy, Zambia has reported an impressive growth rate that is three times higher than the forecast made by the International Monetary Fund (IMF). This robust performance signals a noteworthy rebound for the country that has been grappling with economic challenges in recent years.

Zambia's Kwacha Struggles Despite Record FX Reserves: What It Means for the Economy

29 days ago

In a surprising turn of events, the Zambian kwacha has continued its downward trajectory, registering notable declines even as the nation boasts record-high foreign exchange reserves. This situation raises questions about the currency’s stability and the broader implications for Zambia's economy.

Zambia Faces Record Inflation as Food Prices Surge to New Highs

2 months ago

Zambia is grappling with significant economic challenges as inflation reaches a staggering 39-month high, driven predominantly by a steep increase in food prices. The recent data released by the Zambian statistics agency reveals an alarming year-on-year inflation rate of 34.9% for February 2025, an uptick from 29.8% recorded the previous month. This surge represents the highest level of inflation seen in nearly three years, putting immense pressure on the socioeconomic landscape of the nation.