VICE President Mutale Nalumango has boldly declared that her government’s economic strategy, a formula she proudly describes as ‘Nalumango Nomics’ is beginning to bear fruit, as key indicators show growing signs of stability and recovery across Zambia’s economy.
Nalumango said the nation’s steady economic recovery, reflected on a firmer kwacha, stable fuel prices and reduced inflation, is proof that the government’s approach is working.
“Call it Nalumango Nomics, the evidence is right before our eyes. Fuel has stabilised, the kwacha is gaining strength, and mealie meal is readily available in shops,” she declared.
She reminded lawmakers that not long ago, some predicted that fuel prices would soar beyond K50 per liter, but the situation has remained under control, thanks to careful planning and foresight.
The vice president noted that the kwacha’s recent appreciation is a welcome development, indicating renewed confidence in the local economy.
“We are now hearing complaints that the dollar is weakening too fast, that’s the result of deliberate effort. We have kept industries running, promoted exports, and ensured the economy continues to move forward even under global pressure,” she said.
Nalumango also highlighted the downward trend in inflation, which dropped from 12.3 percent in September to 11.9 percent, describing it as a sign that Zambia is moving toward single-digit inflation and a more predictable market environment.
She further emphasised that government remains committed to strengthening key sectors such as energy, agriculture, and exports to sustain the progress achieved so far.
“Our task is to protect what feeds this economy, we had a plan, and now the outcomes are visible. The journey is tough, but the direction is right,” she added.
She was speaking in the National Assembly yesterday during the Vice President’squestion time.
By Sharon Zulu
Kalemba November 8, 2025
