Zambia's growth hinges on private investment, says finance minister
Minister Situmbeko Musokotwane stated that government spending alone cannot achieve development ambitions.
Zambia's economic growth over the next five years will depend on private sector investment, policy reforms, and increased exports, according to Minister of Finance and National Planning Situmbeko Musokotwane. He stated that government spending alone cannot achieve the country’s development ambitions. Dr. Musokotwane made these remarks during a symposium on the 2027 National Budget held at the Mulungushi International Conference Centre.
The minister emphasized that the private sector's role is crucial for driving the nation's progress. He highlighted the importance of policy reforms and boosting exports as key strategies to complement government efforts. The symposium focused on the upcoming national budget and its implications for economic development.
The discussions at the symposium centered on strategies to foster economic expansion and meet national development goals. Minister Musokotwane's statements outline the government's perspective on the primary drivers for Zambia's economic future over the coming half-decade.
Why it mattersZambians' economic future and development ambitions are directly linked to the success of private sector investment, policy reforms, and export growth.