The Zambian government faces pressure to deliver strong economic growth through job creation and poverty reduction. Its policy decisions aim to diversify the economy while leveraging the country’s natural resources.
Within the mining sector— adjustments to taxes and royalties attempt to balance government revenue needs versus attracting investment to increase production. The government has also prioritized development of gemstone, gold and manganese resources beyond copper.
Infrastructure development policies also target economic diversification. Road, rail and border post projects aim to reduce transport costs for Zambian goods to reach larger markets. Digital infrastructure improves access to online jobs and services for youth.
The government is creating agricultural growth corridors with land access, training and finance for smallholder farmers. Tourism investment incentives also promote opportunities beyond mining. While Zambia’s GDP growth is recovering, high poverty and inequality persist, risking social and political instability. The government has expanded social welfare policies but this strains budgets.
While state interventions risk market distortions, transparent and evidence-based policies can accelerate inclusive growth. Anti-corruption initiatives also aim to improve efficiency of public spending and service delivery.
More equitable growth depends on investments in various other segments like- rural development, healthcare, education and skills to uplift human capital. Effective policies must create livelihoods and opportunities for youth and women and not just cronyism and corruption that breeds resentment.