Since 2013, the Kwacha has lost more than forty percent on the back of falling metal prices and legislative drawbacks. As it is well known, Zambia’s exports strongly depend on metals: copper and cobalt. About three quarters of foreign earnings still accrue to metals, a feature that has amplified the exposure of the country to global fluctuations.
Zambia can achieve remarkable economic growth that can reduce poverty and create descent employment by industrializing. Recent renewed interests towards industrialization by the Government and SADC are laudable.