Business

Research institute predicts stability in policy

KALONDE NYATI, Lusaka
AN EQUITY research institute, IMARA, says the change in leadership following the death of President Sata is not likely to result in any economic policy shift owing to the sound economic environment currently existing in the country.
According to a market update issued by Stockbrokers Zambia Limited on behalf of IMARA, Zambia is expected to continue on the economic growth path.
The institute attributes this to continued sound economic achievements witnessed in the recent past with projections of the gross domestic product (GDP) to rise at an average of 6.85 percent in 2014-15.
“Despite the change in leadership, we do not at the moment expect a material change in economic policies from the ruling PF [Patriotic Front], given the successes they have had in the recent past,” IMARA says.
IMARA says it will be cautious to see how the transition period will go.
“As a result we remain cautiously optimistic that the country will be able to manage without disruption and political upheavals, which have been commonplace in Africa over the past 50 years,” IMARA says.
IMARA says the death of President Sata provides the country an opportunity to showcase a smooth and democratic transition.


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