https://newsletter.po.creamermedia.com
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Copper|Export|generation|Hydropower|Mining|Power|PROJECT|Solar|Operations
Copper|Export|generation|Hydropower|Mining|Power|PROJECT|Solar|Operations
copper|export|generation|hydropower|mining|power|project|solar|operations
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Zambia sees economic growth picking up to 6.4% next year


Close

Embed Video

Zambia sees economic growth picking up to 6.4% next year

Zambia

21st July 2025

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Economic growth in Zambia is expected to accelerate to 6.4% next year from 5.8% this year, driven by its mining and agriculture sectors, the finance ministry said.

The Southern African country's economy is recovering from a severe regional drought, which curbed growth last year after years of protracted debt-restructuring negotiations.

Advertisement

The finance ministry's medium-term budget plan projected gross domestic product would rise 6.5% in 2027 and 5.1% in 2028.

The government said it would focus on increasing electricity supply from power sources like solar, given the severe impact the drought had on hydropower generation and productivity in major industries.

Advertisement

Production of key export copper is projected to be just over 1-million metric tons next year, 1.2-million metric tons in 2027 and more than 1.3-million tons in 2028, the budget plan said.

President Hakainde Hichilema's government has been trying to lift copper output and is aiming for close to 1-million tons this year after strong first-quarter production.

First Quantum Minerals recently completed a $1.25-billion expansion project at its Kansanshi copper mine and Enterprise nickel operations.

Barrick Mining Corp is also carrying out a $2-billion plan to double output from its Lumwana copper mine and extend its life to 2057.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za