Zanaco Showcases Zambia’s Investment Potential at London’s AFSIC Summit
Zanaco Chief Executive Officer, Mukwandi Chibesakunda, highlighted Zambia’s growing appeal to investors at the AFSIC – Investing in Africa Conference, emphasising the country’s macroeconomic stability, sectoral opportunities, and strategic regional positioning.
Speaking during a high-level Banking Solo Session, Mrs. Chibesakunda projected Zambia’s GDP growth at 6 percent in 2026, surpassing the continental average. She noted that the Zambian economy, currently valued at around USD 30 billion, is supported by a stable macroeconomic environment, a life expectancy of 65 years, and mobile phone penetration exceeding 100 percent.
She reported that inflation has declined to 12.6 percent, with a monetary policy rate of 14 percent influencing lending rates averaging 26 percent. The Zambian Kwacha has shown resilience, appreciating by 23 percent this year.
On key sectors, Mrs. Chibesakunda highlighted a rebound in copper production, with Zambia on track to reach 1.2 million metric tonnes in 2025, a historic milestone. Despite recent droughts, the agriculture sector remains robust, achieving a maize harvest of 3.7 million metric tonnes. Progress in the energy sector was also emphasised, including efforts to close supply gaps and expand access.
Significant infrastructure projects such as the Lobito Corridor and the Tazama Oil Pipeline, together with ongoing digital transformation initiatives, were cited as catalysts for sustained economic growth.
“Zambia has enjoyed consistent macroeconomic stability over the past three years and has maintained political stability since independence,” said Mrs. Chibesakunda. “Our strategic location, bordered by eight countries and connected to two more via water routes, provides investors with access to a regional market of over 200 million people.”
She underscored Zambia’s contribution to the global energy transition, noting the production of copper, gold, and manganese, which are key minerals for clean energy technologies. With 50 percent of the population under 18, Zambia also boasts a promising demographic dividend.
Mrs. Chibesakunda highlighted the country’s growing financial services sector, noting opportunities to advance financial inclusion and attract new investors. She also pointed out that Zambia now exports fertiliser to the Southern African region and has the capacity to meet both domestic and regional food needs.
“Significant infrastructure investments are already underway. Once completed, they will enhance regional market access, particularly in energy,” she added.
Concluding her address, Mrs. Chibesakunda reaffirmed Zanaco’s strong performance and growing profitability, positioning the bank as a strategic partner for investors seeking to capitalise on Zambia’s economic potential.
