Republican Progressive Party (RPP) president Leslie Chikuse says Zambia’s economy is showing positive signs of recovery despite the sombre mood in the country following the death of former president Edgar Lungu.
https://www.facebook.com/share/p/1JvNrKGxb1/?mibextid=oFDknk
Chikuse said over the past three weeks, Zambia has recorded notable economic progress, with the Kwacha appreciating to levels below K23 for the first time in over a year and fuel prices taking a downward trend on the local market.
The RPP boss noted that these achievements have been recorded despite external pressures such as ongoing tensions in the Middle East, which have the potential to destabilise global markets.
He pointed to Bloomberg’s recent ranking of Zambia as one of the fastest-growing economies on the continent, with the Kwacha rated as Africa’s second-best performing currency.
He also cited the United Nations’ latest Human Development Report, which shows Zambia has improved its Human Development Index (HDI) score from 0.551 in 2014 to 0.588 in 2024.
The RPP leader credited the progress to government policies such as free education, the recruitment of teachers and health workers, and consistent fiscal discipline.
“Even as we mourn, we cannot ignore the encouraging signs of economic resilience and progress,” Chikuse said in a statement made available to Kalemba.
He further added that global developments in the copper market, particularly falling inventories and likely record-high prices, position Zambia for increased revenue in the near future.
By George Musonda
Kalemba June 25, 2025
