The PwC 2024 Economic Review and 2025 Outlook offers a comprehensive analysis of the challenges and triumphs that have shaped Zambia’s economic landscape over the past year. The country’s economic resilience and adaptability have been tested, as Zambia has recently had to navigate energy and food shortages brought on by severe drought.
Suffice it to say that the impact of Zambia’s recent challenges on the citizenry—businesses and individuals alike—has been significant. The rising cost of living, coupled with constrained economic activity, has produced what can only be described as the perfect storm.
Despite these challenges, there is cause for some optimism. Debt restructuring has been substantially concluded, and there is the promise of recovery, driven by expected improvements in key sectors such as mining and agriculture, as well as continued growth in emerging sectors like information and communication technology (ICT) and tourism. Investment in various sectors of the economy have also increased significantly, and the results are expected to crystallize in due time.
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