Zambia Among Top African Economies Projected for Rapid Growth in 2025

Zambia has been ranked among the top 10 African nations expected to experience the fastest GDP growth in 2025, according to the latest World Economic Outlook report from the International Monetary Fund (IMF). The report forecasts a 6.6% GDP growth for Zambia, placing it as the sixth highest on the continent.

The IMF attributes this projected growth to improvements in weather conditions and the easing of supply constraints that have previously hindered economic activity. The report underscores Zambia's potential to capitalise on these favourable conditions to achieve significant economic progress.

The Economics Association of Zambia (EAZ) has welcomed the projection, deeming it realistic given the government’s ongoing efforts to revive the economy. EAZ National Secretary Nicholas Mainza highlighted the critical role of mining sector revival in driving growth. He noted that the reopening and expansion of several mining operations, coupled with structural reforms, are positioning the country for long-term economic recovery.

Similarly, Isaac Mwaipopo, Executive Director of the Center for Trade Policy and Development (CTPD), emphasised the importance of stable energy supplies and favourable rainfall for achieving the IMF’s growth target. He noted that consistent electricity supply and productive agricultural conditions are vital to realising Zambia's economic potential.

With continued investment in key sectors and stable conditions, Zambia is poised to sustain its trajectory toward robust growth, bolstered by both domestic reforms and external factors.