WEEKLY ECONOMIC RECAP - 8TH EDITION
ZCAS Economics & Business Association (ZCASEBA)
Empowering Tomorrow's Leaders: Nurturing Excellence in Economics and Business
Investment Spurs Job Growth at LS-MFEZ :?
Lusaka South Multi-Facility Economic Zone (LS-MFEZ) welcomed three new agro-companies, injecting $3 million and creating 295 jobs within the next three years. This news highlights continued investment and job creation in the special economic zone.?
BoZ Tightens Monetary Policy:??
The Bank of Zambia raised its lending rate by 1.5% to 12.5% to combat inflation and stabilise the Kwacha. This move aims to curb inflation and support the local currency.?
?Government Acts on Debt Repayment: ?The Zambian government released K4.2 billion for debt repayment, with K3.9 billion dedicated to domestic and external debt service and K286.5 million for clearing arrears. This prioritisation of debt repayment suggests efforts to manage the national debt.?
Overall:?
This week saw positive news on the investment front but also highlighted ongoing concerns about inflation and the Kwacha. The government's focus on debt repayment is another key takeaway.
Sources?
Zambia Daily Mail
Written by David Sikapizye
Edited by 瑞赛德