- Zambia is facing its worst economic crisis in more than ten years, with falling copper prices, pressure on the government’s operating and investment budget, and electricity-supply shortages affecting the real economy.
- For Zambia’s national elections in 2016, the Constitutional Amendment Act has set the date at 11 August and introduced a 50% +1 requirement for winning the election, as well as a presidential running mate.
- In 2015, urban growth continued at an estimated rate of 42% as people moved to towns in search of jobs and opportunities.
Since 1971, the Bank has committed more than US $1 billion to Zambia through mainly support towards public sector infrastructure projects in agriculture, industry, water and sanitation, energy, social sector (education and health), transport and multi-sector (primarily general budget support). The predominant financing modalities are project loans/grants.
Zambia field office
African Development Bank Group
Banc ABC House, 746 Church Road
Cathedral Hill, PO Box 51449
Ridgeway, Lusaka, ZAMBIA
Tel: (260) 211 257868/69/74
Fax: (260) 211 257872
Mr. Damoni KITABIRE