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The impact of the recent Zambian economic slowdown on both businesses and the public is revealed for the first time in research commissioned by the Zambia Institute for Policy Analysis and Research (ZIPAR) as part of its flagship More and Better Jobs project.
Zambia’s city populations are expanding at an average rate of nearly 4 percent per year and it is projected that Zambia must create 1.2 million new urban jobs by 2025 and 2.8 million by 2035.
A report published today by ZIPAR, the International Growth Centre and Just Jobs Network states that the number of Zambian workers employed in agriculture fell steeply from 71.4 percent to 48.9 percent. Zambia is witnessing a shift as the workforce moves out of agriculture into services and industry between 2008 and 2014.
The Minister of Agriculture's decisions to expand national strategic food reserves of maize and to suspend maize exports are both commendable and timely. The decision, which comes in the wake of the El Niño related drought in Eastern and Southern Africa and the resulting looming food shortages in the region, are critical for safeguarding Zambia’s food security and supporting its policy objectives on inflation.
by Thulani Banda
Over the past week, Zambian's have observed with pleasant bewilderment the happenings in the foreign exchange market. Throughout 2015, the kwacha had fallen significantly against the dollar. However, approaching the end of April 2016, there seems to be life in the kwacha after all. It is now trading below K10 per dollar for the first time since September 2015. While this is welcome news, caution needs to be taken as there still remain risks in both the global and domestic economic environment which could potentially undermine a sustained recovery.
By Caesar Cheelo
How are economic policies crafted? How are they implemented? Whose responsibility is it to champion good economic management through the implementation of sound policies?
I tend to think that all these issues ultimately depend on the political choices of a particular society or economy. Take Tanzania for instance, informal reports about President John Magufuli have continued to circulate on social media.
By Caesar Cheelo
Zambia is experiencing the most dramatic economic downturn seen in the country’s post-liberalization era. Some have described the downturn as a crisis and an economic collapse.
Somehow the current situation seems a lot like déjà vu. About four decades ago the Zambian economy collapsed. Many accounts show that this happened because despite its rich resource base, by the late 1970s, Zambia was suffering from a number of chronic structural economic problems rooted in the policies of the 1960s and 1970s coupled with external shocks.