GOVT URGED TO REPOSITION ZAMBIA AS A MAJOR SUPPLIER OF CRITICAL COMMODITIES AHEAD OF PROJECTED ECONOMIC SLOWDOWN IN AFRICA
GOVT URGED TO REPOSITION ZAMBIA AS A MAJOR SUPPLIER OF CRITICAL COMMODITIES AHEAD OF PROJECTED ECONOMIC SLOWDOWN IN AFRICA
Balewa Zyuulu
Party for National Unity and progress president Highvie Hamududu has urged government to confront the projected economic slowdown in Africa this year by repositioning itself as a major supplier of critical commodities such as food.
Latest estimates by the United Nations indicate that 18 African countries, including Zambia, registered a debt-to-gross domestic product ratio exceeding 70% in 2023, and the economic growth is projected to be sluggish.
Commenting on this development, Mr Hamududu says the Zambian government must adopt strategic approaches aimed at unlocking substantial investments that would drive sustainable development and steer the country towards a positive economic trajectory.
Mr Hamududu, who cited the decline in growth figures across Africa due to fiscal constraints and imported inflation, says Zambia should focus on establishing an economy supported by agriculture.
He says prioritizing agricultural support not only aligns with the necessity for proactive measures in the face of ongoing economic uncertainties across Africa but also stands as a method to stimulate economic growth.
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