{"id":55417,"date":"2024-01-06T20:17:06","date_gmt":"2024-01-06T20:17:06","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector"},"modified":"2024-01-06T20:40:49","modified_gmt":"2024-01-06T20:40:49","slug":"zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector","title":{"rendered":"Zambia Anticipates Economic Improvement in 2024 with Focus on Mining Sector"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Finance Minister Situmbeko Musokotwane has announced the government\u2019s optimism regarding an economic upturn in 2024, driven by new investments in the mining sector in the Copperbelt province. The Minister highlighted anticipated growth in agriculture and manufacturing activities as additional contributors to the country\u2019s economic resurgence.<\/p>\n

During a press briefing in Lusaka, Dr. Musokotwane emphasized that the government has secured parliamentary approval to borrow 33.3 billion kwacha under the 2024 national budget. He clarified that the borrowing, from both domestic and external sources, will be conducted with careful consideration to gradually reduce the borrowing rate from 14 percent to 5.2 percent. This strategy aims to bring the country\u2019s debt back to sustainable levels, reflecting the government\u2019s commitment to responsible financial management.<\/p>\n

\u201cWe will adhere to the borrowing plan to ensure it is controlled as the country is still battling with unsustainable debt,\u201d Dr. Musokotwane stated.<\/p>\n

The Finance Minister outlined priority areas for the government in 2024, including economic transformation and job creation, human and social development, environmental sustainability, and good governance. Additionally, ongoing discussions with private creditors are in progress, with the government expressing optimism about reaching a conclusion by the first quarter of 2024, according to Secretary to the Treasury Felix Nkulukusa.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Finance Minister Situmbeko Musokotwane has announced the government\u2019s optimism regarding an economic upturn in 2024, driven by new investments in the mining sector in the Copperbelt province. The Minister highlighted anticipated growth in agriculture and manufacturing activities as additional contributors to the country\u2019s economic resurgence. During a press briefing in Lusaka, Dr. […]<\/p>\n","protected":false},"author":84,"featured_media":55416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,235,233],"class_list":["post-55417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambia Anticipates Economic Improvement in 2024 with Focus on Mining Sector - Zambia<\/title>\n<meta name=\"description\" content=\"Finance Minister Situmbeko Musokotwane has announced the government\u2019s optimism regarding an economic upturn in 2024, dri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zambia Anticipates Economic Improvement in 2024 with Focus on Mining Sector\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Situmbeko Musokotwane has announced the government\u2019s optimism regarding an economic upturn in 2024, dri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-06T20:17:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-06T20:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1704560798.046252.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zambia Anticipates Economic Improvement in 2024 with Focus on Mining Sector\",\"datePublished\":\"2024-01-06T20:17:06+00:00\",\"dateModified\":\"2024-01-06T20:40:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector\"},\"wordCount\":221,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1704560798.046252.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zambia-anticipates-economic-improvement-in-2024-with-focus-on-mining-sector\",\"name\":\"Zambia Anticipates Economic Improvement in 2024 with Focus on Mining Sector - 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