Zambia’s Economic Potential Hindered by Governance Challenges, Says Expert
Mr. Kelvin Chisanga, an economic expert, has highlighted that Zambia stands at a crucial crossroads, with significant potential for growth and economic development. However, he warns that this potential is being undermined by ongoing governance challenges.
Speaking on the current state of the nation’s economy, Mr. Chisanga emphasized the need for patriotic leadership and governance that prioritizes national interests over personal gain.
“Zambia has numerous market factors that could trigger substantial economic growth and support key economic and social elements,” Mr. Chisanga stated. “However, to realize this potential, public office must be guided by national character and the aspirations of our citizens, rather than self-serving ideologies.”
He underscored that running public office should be driven by a patriotic agenda aimed at socioeconomic development. Mr. Chisanga expressed concern that self-aggrandizement could derail efforts to build a robust and balanced economy.
Despite these challenges, Mr. Chisanga remains optimistic about Zambia’s ability to establish strong economic investment balances and maintain market confidence, provided that governance systems are realigned with the nation’s broader goals.
He also highlighted the need for substantial calibrations in the economy, particularly in the prudent management of public resources.
“In my view, the local economy requires significant adjustments in several areas, especially in the effective use of public funds, including those derived from taxes, grants, donations, and loans,” Mr. Chisanga added.
