Zambia

Zambia Economic Outlook

  • 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.

Zambia and the AfDB

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.


Contacts

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
Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge