Business

Zambia makes positive economic strides

LUSAKA City.

TRYNESS TEMBO, Lusaka
ZAMBIA’S economic recovery path is expected to continue although at a mild rate due to the growing levels of debt, PricewaterhouseCoopers (PwC) has said.
Currently, Zambia whose economy is projected to grow slightly over four percent this year has an outstanding debt of about US$8.7 billion.
The anticipated economic recovery is premised on the economic diversification and job creation, poverty and vulnerability reduction and reducing development inequalities among the five pillars.
In its latest report, PwC’s Zambia acknowledges that the positive trend in the economy citing among other factors, the stability in the Kwacha.
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