We were honoured to host our Copperbelt Economic Review in Kitwe yesterday under the theme, “A Shift in Domestic Macroeconomic Fundamentals in a Highly Uncertain Global Environment.”
Our panelists comprising of our Executive Head Treasury Fredrick Mulenga, Bank of Zambia Director Financial Markets Isaac Muhanga, Kitwe Chamber of Commerce and Industry Alinani Simumba and Copperbelt University researcher and Lecturer in the School of Mines Dr Edward Chisakulo were on hand to discuss the topic. The speakers noted that the economy has started reaping benefits of the rebounding mining sector, but there is need to build a more resilient and robust energy sector to support the pickup in activity.
Zanaco Chief Risk Officer Mutisunge Zulu noted that the bumper harvest recorded this year is pushing food prices down and that this will in turn ease inflation, which is currently sitting at 15.3 percent.
He also noted that the projected one million tonnes of copper production is achievable this year in view of investments in the mining sector.
Our CEO, Mukwandi Chibesakunda, also noted that the economy is poised to record positive growth this year owing to an improvement in key economic fundamentals such as mining and agriculture.
We are thankful to our Copperbelt customers and stakeholders for joining us in the insightful conversations.
