ZAMBIA’S GDP TO INCREASE BY MORE THAN THREE PERCENT IN 2020

ZAMBIA’S ECONOMY is set to grow by more than three percent this year. This is an increase from growth of around two percent in 2019, according to Finance Minister Bwalya Ng’andu. The fiscal deficit will remain elevated as the government borrows more money to fund national spending.

Economic growth in Africa’s second largest copper producing country has been hampered by electricity shortages, because of the effects of drought on generating hydropower.

The governmental authorities of Zambia are intending to to focus on increasing green energy capacity in order to plug this gap.