SHAREAfrica Zambia News
The Zambian currency has strengthened against the US Dollar. This has stabilised since the election of the new president Hakainde Hichilema. The rise in copper price plus new economic measures have improved the economic outlook, although inflation remains a major concern.
The Covid-19 pandemic has not affected the country as much as in other countries with cases in Zambia still very low. However, because the majority of the population has not been vaccinated, the country is seriously exposed. The government are deploying vaccination centres and encouraging people to get ‘the jab’.
Unemployment remains high and food prices continue to rise making some of the more nutritious foods unaffordable for those on low incomes.
Climate change is also a lasting concern with temperatures reaching record highs and flooding becoming more frequent during the rain season.
As for the SAZ business, the Government is encouraging SMEs to expand. They believe the growth of SME’s is the fuel that will allow the economy to expand and reduce reliance on mining.
Our progress in 2021 has been encouraging with advances in farming, seed production, new factory products and an increase in orphan sponsorships. Our support for churches and evangelism has also increased. We are also pleased that we have been able to increase the number of staff.