UNDERSTANDING POVERTY. We face big challenges to help the world's poorest people and ensure that everyone sees benefits from economic growth. Data and research …
Box 1: An insight into the joint IMF-World Bank Debt Sustainability Analysis (DSA): Interpretations and Processes Box 2: Initiatives to promote transparency in the mining …
12 Contributions of the mining industry to the Zambian economy 15 13 Forecast of production and revenue by instrument, 2014–2030 20 14 Stylized …
ABSTRACT. This article uses a broad conceptual framework of economic diplomacy to examine the efficacy of Zambia's engagement with foreign governments, regional and international organisations, and companies, in the pursuit of investment and trade partners for its mining industry.
Consultations were held with the Ministry of Commerce, Trade and Industry (MCTI), the Zambia Statistics Agency (ZamStats), the Zambia Micro and Small Traders Foundation (ZAMAST), the Zambia Chamber of Commerce and Industry (ZACCI), the Zambia Association of Manufacturers (ZAM), the Zambia Institute for
This report investigates the role copper mining could play in achieving the government's objectives of increasing economic growth and jobs in the future. Although 40 percent of the country has not been geologically surveyed, Zambia is recognized by the international mining industry as having good mineral potential.
A new analysis of mining in Zambia for the past 100 years shows a clear historical link between levels of mining investment and wider economic development. This is the key conclusion of a paper, Copper …
This study estimates the contribution of nature-based tourism in Zambia to economic growth and poverty reduction as well as to the sustainability of the management of the wildlife estate. The Zambian Government has identified tourism along with agriculture, mining and manufacturing as the most important sectors for economic development in …
2. Context: the mining industry in Zambia 25 2.1 History and governance of the mining sector 26 2.2 Zambia's mining sector today 30 2.3 Competitiveness challenges facing the sector 34 3. Macroeconomic contributions of mining 39 3.1 Macroeconomic contributions to date 40 3.2 Future macroeconomic contributions of mining 51 4.
Investment in Zambia's mining sector tripled in 2022 thanks largely to the introduction of various tax incentives in the new Government's first budget and the apparent commitment to maintaining a stable mining tax policy. In the first edition of our mining report, we focused on how Zambia's mining sector can rebuild trust among stakeholders.
Traditionally, the manufacturing sector has played a key role in helping developing countries facilitate industrialization as well as realise economic growth and development. The contribution of Zambia's manufacturing sector to GDP remained stable over the period 2015-2019 with an average of about 7.9%.
Mining projects can and have contributed grea tly to Zambia's economic and social development. The sector is also a significant source of governm ent revenue and formal employment, both …
Zambia: The Mining Sector Contribution to Employment is very small in the light of the sector's share of exports Source: …
Mining activities have played a crucial role in Zambia's economic development, contributing to its GDP, job creation, and government revenue through royalties and taxes (Banda, 2022).
The manufacturing sector is another important economic sector in Zambia. Its contribution to GDP averaged 7% for the period 2010 to 2017, providing 223,681 jobs in 2014. Its role in economic growth cannot be downplayed as it creates backward and forward linkages in the economy. However, as with the mining sector, energy deficits
This research study examines the impact of industrialisation on economic growth in Zambia. The study utilised secondary data from Zambian Central Bank and Word-Bank data statistics.
What the report demonstrates is that the mining industry does indeed make a massive contribution to economic growth, employment and the lives of ordinary Zambians – not just in mining but in many other industry sectors. ... Mining for Zambia is an industry website aimed at promoting a better understanding of the Zambian mining …
particularly in the mining, manufacturing and agriculture sectors. According to the Ministry of Finance, Zambia's economy has been growing at an average of 5% per annum over the past 10 years. Strategic utilization and development of Zambia's energy sources can increase industry competitiveness, improve rural
Recent macroeconomic and financial developments Real GDP has grown steadily, from 5.2% in 2022 to 5.8% in 2023, driven by wholesale and retail trade, agriculture, and mining and quarrying on the supply side and by and corporate consumption on the demand side. Inflationary pressures persist, with inflation at 11.0% at the end of 2022 …
The coming copper boom presents Zambia with an extraordinary opportunity – to enable mining profits as well as to power inclusive growth. But, as Zambia's history shows, this is easier said ...
The study employs the autoregressive distributed lag (ARDL) approach to examine the relationship between foreign direct investment (FDI) in the mining sector on the Zimbabwe economy, while controlling for both non-mining FDI and domestic investment. Using data over the period 1988–2018, this research results show that …
Zambia plays an important role in the global mining industry and the country contains the largest known reserves of copper in Africa, holding 6% of known copper reserves in the world . Zambia's mining sector has continued to register strong performance over the last decade with growth averaging 11% per annum . At present, …
ABSTRACT. This article uses a broad conceptual framework of economic diplomacy to examine the efficacy of Zambia's engagement with foreign governments, regional and …
The Zambian copper mining industry as we know it today had its genesis in the 1920s. Consistent private sector-driven investment in the industry over a period of over 50 years in exploration, mine ...
The mining sector in Zambia continues to play an important national economic role and has in the last two decades experienced tremendous growth and investment, driven mainly by expansion in large-scale mining. ... However, we do believe the pace of growth in mining may not be as quick as the others based on the current …
The construction sector plays a critical role in delivering quality infrastructure, which in turn influences the use of natural resource revenues towards achieving structural change and development.
Zambia is regarded as a mining country because the country's economy has always been largely supported by copper mining. However, the performance of the Zambian copper mining industry is ...
ical for economic transformation and sus-tainablejobcreation. Recent developments The momentum of Zambia's rebound from the pandemic eased in the first half (H1) of 2022. Real GDP growth moderated to 2.4 percent in Q1 2022, year-on-year, as agri-culture and industry contracted. Copper output declined by 6.7 percent, year-on-
2. Context: the mining industry in Zambia 25 2.1 History and governance of the mining sector 26 2.2 Zambia's mining sector today 30 2.3 Competitiveness challenges facing the sector 34 3. Macroeconomic contributions of mining 39 3.1 Macroeconomic contributions to date 40 3.2 Future macroeconomic contributions of mining 51 4.
Economic Growth in Zambia Arthur Sinzala Arthur Sinzala, School of Business, Copperbelt University, Zambia ABSTRACT Background: This article adds to scarce literature on the nexus between Foreign Direct Investment (FDI) and economic growth in Zambia.The study looked at overview of FDI in Zambia, literature of