6% Economic Growth Predicted as Government Reaffirms Strengthened National Development Programmes

The economy is showing increased momentum with GDP growth predicted to average around 6% for the next three years. This forecast was presented during the third quarter meeting of the National Development Coordinating Committee (NDCC), where strong performance in agriculture, mining and manufacturing was highlighted. These sectors are linked to the Government’s reform agenda. Ministry of Finance Director of National Planning, Akapelwa Imwiko addressing the conference also said that “restored debt sustainability is bringing confidence in the economy.”

The NDCC brings together ministries, provinces, districts and cooperating partners. It has a vital role in tracking progress for the achievement of the nation’s long-term development goals.

Acting Secretary to the Cabinet, Siazongo Siakalenge also read a speech on behalf of Secretary to the Cabinet, Patrick Kangwa. He highlighted the Government’s progress in its mining policy stating that “through ongoing reforms, we have established a stable mining fiscal regime, attracted investment, enhanced sustainability and improved the sector’s overall performance.”

The 8th National Development Plan established in 2022 by President Hakainde Hichilema, now enters its final phase and Siaklenge noted that “success during this final phase will demand strengthened intersectoral collaboration and the active involvement of all key stakeholders.”