Economy

Finance minister, Musokotwane, says Zambia on clear path to economic recovery, inclusive growth

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Zambia’s economy is firmly on a path of recovery and inclusive growth, with strong progress recorded in the second quarter of 2025 under the 8th National Development Plan (8NDP), authorities have said.

Finance and National Planning Minister Dr. Situmbeko Musokotwane, said the ongoing reforms were delivering results, with a focus on youth and women empowerment, private sector-led growth, and strategic investments across key sectors.

Speaking during the National Development Coordinating Committee (NDCC) Meeting in Lusaka on Monday, Musokotwane claimed that the government reforms were working, and that Zambia was on a clear recovery path.

“We are committed to sustaining this momentum, empowering youth and women, strengthening private sector growth, and working hand-in-hand with our development partners and investors,” Musokotwane stated.

He said the progress achieved so far demonstrated national resilience, and that together, the country would build a prosperous Zambia where every citizen shared in the benefits of growth.

The Minister said government was confident of success through the bold strides taken in transforming the economy and creating jobs through implementation of the 8NDP.

“The second quarter of 2025 was marked by big wins in agriculture, mining, tourism, energy, and enterprise development, laying a firm foundation for inclusive growth,” he said.

Among others, Musokotwane said that major achievements in the second quarter included the operationalisation of veterinary laboratories in Choma and Chipata, fish production reaching 39,000 metric tonnes, and over 530 farmers linked to export markets, far surpassing the initial target of 25.

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Additionally, he claimed that 1,038 farmers were allocated farm blocks, 26 boreholes were drilled for resettlement schemes, and the Farmer Input Support Programme (FISP) fully migrated to the E-Voucher system across all 116 districts.

To boost value chain development, Musokotwane said 56,666 farmers were trained in production, 19,517 in rice and cassava processing, and 17,149 in food packaging, against a target of just 250.

In the mining sector, he claimed that the High-Resolution Geophysical Survey now covered 23.6 per cent of national territory, and that the Zambia Gold Company purchased 13.9 kg of gold from artisanal miners, with plans underway to scale up aggregator systems.

Musokotwane said the tourism infrastructure also saw major improvements, with over 1,300 km of access roads rehabilitated in parks and tourist zones, exceeding the target of 840 km.

“Progress continues on the Lusaka–Ndola Road under the public-private partnership model, with several key sections nearing completion,” he stated.

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