Zambia expects economy to grow 4% in medium-term, president says - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The Zambian government expects its economy to grow at 4% per year in the medium term and is focused on resolving the country’s debt crisis, President Hakainde Hichilema said on Friday.

A man displays a 50,000 Kwacha note in Lusaka, in a file photo.

“We have put our economy on a positive growth trajectory in the last 12 months and we project the economy to bottom up from this negative growth,” Hichilema told parliament, and forecast an economic expansion of 4% in the medium term. Inflation stood at 24.4% in August 2021 but fell to a single digit of 9.8% as at August 2022, the official statistics agency, Zamstat said.

 

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Zambia is an example of fruits of great leadership ,currently the Zambian Kwacha is trading stronger than the rand 1 Kwacha gives you R1.0951

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