2020-06-17 20:48
To let you know that I have taken an extended break from updating on this blod due to other commitments. However, I will return in the future. In the meantime do enjoy the existing content.A… Read More
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Economic reflections for a new and better Zambia
2016-09-14 20:33
The new Lungu administration is beginning to take shape. The list of appointments in Cabinet are set out below : (1) Hon. Davis Chama, (MP): MINISTER OF DEFENCE (Nominated);(2) Hon. Felix Mu… Read More
2016-08-15 13:26
Congratulations to President-elect Edgar Lungu and Vice President-elect Inonge Wina who have won the presidential elections with 50.4% of valid votes cast. They also won clearly 6 out… Read More
2016-06-07 09:42
We continue our review of the UPND 2016-21 manifesto. It sets out a ten point plan to govern and develop Zambia. Here is our assessment of their second policy promise to "reduce inequality&r&hell…Read More
2016-06-05 12:05
Zambia's current party in government the Patriotic Front (PF) has released its detailed manifesto (79 pages). This is an important milestone that seeks to set out how the PF intends to gover… Read More
2016-06-04 10:00
Today we begin a review of the UPND 2016-21 manifesto. It sets out a ten point plan to govern and develop Zambia. The first policy priority of a future UPND led government is to "create jobs… Read More
2016-05-30 20:12
Zambia's leading opposition party the United Party for National Development (UPND) has released its manifesto. This is an important document that merits careful studying given how closely co… Read More
2016-05-30 20:12
The Bank of Zambia released its quarterly monetary policy statement this month. It noted the current fiscal and monetary challenges facing the economy. The statement and presentation are emb… Read More
2016-04-01 00:02
Mopani Copper Mines (MCM) is planning to invest over US$1 billion as part of its construction of three new mine shafts. The company plans to make the investments between now and 2018, as par… Read More
2016-03-28 22:47
Editor's note : The Bank of Zambia released its quarterly monetary policy statement in February. It noted the current fiscal and monetary challenges facing the economy. The statement and pre… Read More
2016-03-28 22:26
Editor's note: The latest IMF statement on Zambia confirms the gloomy state of the economy. The only good news at present is the stability of the exchange rate. How long that holds depends o… Read More
2016-03-28 22:13
IMF Staff Concludes Visit to ZambiaPress Release No. 15/531November 20, 2015End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit… Read More
2015-12-25 08:39
Editor's note: A recent statement from the Governor of the Bank of Zambia on the sharp depreciation of the Kwacha which has seen it breach K9 per US$1 and now looks inevitable to reach K10 a… Read More
2015-12-25 08:39
Editor's note : President Lungu has issued a formal statement on the rapid depreciation of the Kwacha. The Kwacha today was trading above K10 per US$1. The Bank of Zambia Governor Denny Kaly… Read More
2015-12-25 08:21
Editor's note: The article below highlights Africa's economic potential in ten charts. It has been put together by Michael Johnston, senior analyst for All Emerging Markets. If so… Read More
2015-12-23 12:35
We have hesitated to comment on the recent passing of the Constitution of Zambia (Amendment) Bill because the final document is not yet public. It awaits presidential ascent. We do want to m… Read More
2015-12-10 14:05
Government last week increased electricity tariffs for residential and non-mining commercial customers. Prices to residential consumers have increased by 205%. Non-mining commercial pr… Read More
2015-12-05 17:08
I am currently taking time off writing to renew my batteries and spend some time thinking around various issues on the ground. Will resume in December.God willing we will have much more cons… Read More
2015-12-05 17:07
The big news in Zambia this past week is that the Constitution Amendment Bill passed the second reading in Parliament. 106 PF and MMD MPs voted in favour defeating UPND and its small UPND le… Read More
2015-12-05 17:07
The government is apparently considering reintroduction of suspended Statutory Instrument (SI) 33 of 2012 which prohibits quoting prices in dollars, according to the Ministry of Finance. Ti… Read More
2015-12-03 07:02
Konkola Copper Mines has suspended operations at its Nchanga underground mine in Chingola with effect from Friday, 27th November 2015. The mine will be back in operation "when market conditi… Read More
2015-12-03 07:01
A reader recently asked for more explanation on the precise challenges facing Zambia. This is a huge question! We have already said much about this subject through many posts, especially on… Read More
2015-12-03 07:01
Zambia needs to urgently rethink its growth model. It does not make sense to have an urban growth model built on building countless shopping malls stuffed with foreign products. In one… Read More
2015-10-13 21:51
Finance Minister Alexander Chikwanda delivered the Budget Statement 2016 on Friday. A fairly boring budget with nothing new really, which is as expected given the chaotic fiscal and monetary… Read More
2015-10-01 22:32
Editor's note : The ratings agency Moody's recently downgraded Zambia's credit rating from 'B1' to 'B2' based on "sustained deterioration in fiscal and debt metrics" in the context "lower… Read More
2015-09-05 19:02
We recently shared this post on Facebook which has gone viral. it has been wonderfully exciting to see it re-shared countless times. Most importantly it has generated interesting discussions… Read More
2015-09-04 11:00
A very helpful statistical pack covering key figures since independence. This should hopefully help eliminate confusion over competing figures quoted in the media.AUTHORChola MukangaCopyrigh… Read More
2015-09-02 23:25
Editor's note : The Bank of Zambia released its quarterly monetary policy statement in August. It noted the need for fiscal consolidation, by addressing revenue shortfalls and rationalising… Read More
2015-09-02 23:14
The Government has released the Medium Term Expenditure Framework (MTEF) for 2016 - 2018 and the outline for the 2016 budget. This is essentially the PF plan for re-election as this will be… Read More
2015-08-17 10:18
An interesting statement from Finance Minister Alexander Chikwanda. He says only 7 parastatals are currently declaring dividends. The rest are loss making :There are as many as forty State-o… Read More
2015-08-15 18:06
A recent article by the Government think tank ZIPAR on Zambia's rising Eurobond debts carries the following observation :With the [current] economic malaise, it is therefore not surprising t… Read More
2015-08-12 22:21
The Government has published the Constitution of Zambia (Amendment) Bill 2015 which will take forward the enactment of specific clauses which are not subject to the referendum. The public ar… Read More
2015-08-10 22:02
Editor's note : Ricardo Hausmann argues that preoccupation with fighting corruption does not end poverty, and in many cases does not produce growth. What produces growth is having a capable… Read More
2015-07-29 22:06
By Michael ChishalaAbout thirty years ago, the Zambian public education system was something to talk about. We had quality expatriate teachers from all over the world (eg India, West Africa… Read More
2015-07-29 21:33
Zambia is in the middle of a crippling electricity crisis as the country grapples with a 560 MW power deficit, a situation likely to only get worse as demand for electricity grows 200MW annu… Read More
2015-07-28 00:00
The government is currently on an international roadshow looking to borrow $2bn through a new Eurobond. The money is needed to plug a funding hole in the revised 2015 Budget that has arisen… Read More
2015-07-09 23:00
The Government has allegedly set up a "sinking fund" to deal with any future risks of repaying the Eurobond debts when they mature in 2020 and 2022. This was announced recently by Finance Mi… Read More
2006-06-07 11:16
Zambia recently borrowed $14 million from Kuwait in order to set up a new teacher training college in North-Western Province. The loan agreement will last 24 years, preceded by a 4 year grac… Read More
2006-06-07 11:16
Editor's note : The Financial Times (UK) reported this week that Zambia is looking to tap the bond markets. The Government is undeterred by a crumbling currency, worsening fiscal deficit and… Read More
2006-06-07 11:16
I have been writing on economic issues relating to Zambia for many years now. And I can confidently say that this is the most exciting time to be a Zambian economist for more than a decade… Read More
2006-06-07 11:16
Zambia is a very funny country. One would have expected the removal of Statutory Instrument 55 ("SI 55") to be properly analysed by people with pros and cons. Instead what I have heard and r… Read More
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