Zambia to post 4pc economic growth-NEAC
ZAMBIA’S economy will grow by 4 percent before the end of this year, the National Economic Advisory Council (NEAC) has predicted
NEAC executive secretary Webby Wake told media houses in Lusaka yesterday that the
growth would be supported by construction that has continued to provide impetus in terms of the economic activity.
The other support would come from mining output, and manufacturing sector among other areas that would propel
Mr. Wake said that his organisation was expecting a better performance this year than in 2017.
“We expect that Zambia will maintain the momentum that has been normally this year, said that it is subject to a number of external shocks that may affect the performance of other sectors,” he said
Last Month Bloomberg said that Zambia’s economic growth was among the fastest growing economies in Africa only second to Ethiopia.
Bloomberg Editor in Chief, Mathew Winkler, disclosed in Livingst9one that foreign direct investment from China and others countries helped the rapid and consistent economic growth of both Zambia and Ethiopia.
Mr Winkler said this at the 2018 Bloomberg Africa Business Innovators Summit in Livingstone.
Giving an outlook of Africa’s economies, Mr. Winkler said that there was remarkable growth in Zambia’s mining other sectors including telecom and technology sectors.