Zambia’s Political Risk Outlook
Zambia’s political risk is rising as we approach the 2026 elections, though it remains within manageable bounds.
The country’s long-standing tradition of peaceful democratic transitions continues to act as a strong stabiliser link.
However, the pre-election period will test institutional credibility, policy consistency and governance standards.
What matters most going forward now is safeguarding electoral integrity, respecting checks and balances, and avoiding policy uncertainty driven by populist pressures.
Investors are watching closely, particularly in mining, energy, agriculture and public procurement, where stability and predictability are considered so critical.
If leadership remains responsible and institutions are strengthened, Zambia can navigate this election cycle without undermining investor confidence, social cohesion, or democratic credibility.
