Zambia Gains Ground in Africa
Zambia’s economic trajectory in 2026 reflects a steady recovery within Africa’s broader reform cycle.
Current projections place Zambia’s growth between 5% and 6%, positioning the country above the Sub-Saharan African average of approximately 4%.
Zambia’s economic expansion is largely driven by improved mining output, recovery in agriculture following climate shocks and strengthening activity in services and energy.
Inflation has moderated significantly from previous double-digit levels to single digits, reflecting improved exchange rate stability and disciplined monetary policy.
Compared to several African economies still battling persistent food and currency pressures, Zambia’s price stability trend signals strengthening macroeconomic management levels.
On fiscal matters, Zambia continues implementing debt restructuring reforms following the 2020 sovereign default risk.
While public debt remains elevated, structured engagement with creditors and reform alignment have enhanced investor confidence relative to peers facing unresolved fiscal distress.
Overall, Zambia is transitioning from stabilization platform toward sustainable expansion. Maintaining fiscal discipline, accelerating diversification beyond copper and strengthening productivity will be critical to sustaining this positive momentum within Africa’s competitive economic landscape.
