PRESIDENT Hakainde Hichilema has noted the growth of Zambia’s economy, stating it is on track for stronger growth this year, with projections pointing at six percent of the Growth Domestic Product (GDP).
During a meeting with US ambassador to Zambia Michael Gonzales today, President Hichilema took time to flex the country’s economic comeback muscles, saying his government has managed to revive mines that had gathered dust for decades while also boosting the supply of US dollars.
Reflecting on the country’s economic recovery, the President noted that Zambia moved from a negative 2.8 percent GDP growth rate to more than 4 percent last year, despite facing the worst drought in recent memory.
The Head of State expressed confidence that the economy could grow even faster this year.
“This year, I know my colleagues are conservative, but I like to be aggressive. We think we will whisper to 6 percent GDP growth,” President Hichilema said.
The President highlighted the mining sector as a key driver of growth, revealing that the country could this year hit close to one million tons of copper production for the first time in history, thanks to revived operations at Mopani and other dormant mines.
President Hichilema also pointed out that his government is working to clean up illegal mining activities and improve safety in the sector, while also pushing for broader economic diversification.
“We know we have new issues lingering around mineral resources, illegal mining, unsafe mining, informal trade.”
“We want to agree with you. These are some of the areas we want to discuss to see how we can manage this area. But by and large, I’m talking about the rule of law,” said President Hichilema.
Meanwhile, Ambassador Gonzales welcomed the engagement, saying it was time to reset the US, Zambia relationship to focus on trade and investment rather than just aid.
“I believe this is an opportunity for us to reset the relationship for mutual benefit, a benefit that delivers for both countries and for our peoples,” Ambassador Gonzales said.
He stressed that the US wants partnerships that are based on transparent and fair business practices, with clear benefits for both nations.
By George Musonda
Kalemba July 9, 2025
