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Africa

Zambia’s growth outlook for 2017 upbeat

09 May 2016 - by Staff reporter
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Zambia's economic growth is expected to remain largely unchanged this year as low commodity prices and electricity shortages continue to affect local production.

The Zambian government’s treasury secretary, Fredson Yamba, said in a statement that the country’s growth would be restricted at around 3% this year, from 3.2% growth recorded in 2015.

Yamba added however that gross domestic product (GDP) growth was expected to increase to around 6% in 2017 as mining companies completed their cost-reduction measures and power supply improved.

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