Home / Business / Mining, agriculture spur economic growth

Mining, agriculture spur economic growth

Positives economic activities are expected to spur the country’s economic growth, according to finance minister Felix Mutati’s 2018 budget forecast.

Mutati said continued rebound is expected to push economic growth to above 4.0 percent for the year 2017, above 3.8 recorded in the previous year.

The minister said the key drivers will be the mining, agriculture and manufacturing sectors supported by improved electricity generation.

“It is worth noting that the Zambian economy has outpaced the Sub-Sahara African economic growth of 2.7 percent. This is a reflection of the sound economic policies that government has put in place,” Mutati said.

Mutati said during the nine months of implementing the Economic Stabilisation and Growth Programme, dubbed ‘Zambia Plus’, a lot has been achieved.

“We have made strides, yet challenges still remain.”

The minister some of the challenges that still nag the economy include youth unemployment and poverty levels that remain high.

Check Also

Kagem pioneer emeralds traceability tech

Kagem has pioneered high-tech tagging system to tag and trace emeralds Commissioned during the Lusaka …