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Zambia

Progress made with good governance

Map of Zambia

Zambia’s booming economy has weakened significantly due to fluctuating global raw material prices and the impacts of the COVID-19 crisis. A further issue is the extremely high national debt, which continues to rise. As a result, the country has been in negotiations with its creditors and the International Monetary Fund for quite some time. Zambia is rich in natural resources, water, fertile land and tourist attractions, yet nearly two thirds of the population live below the poverty line. Rapid population growth – the highest in southern Africa – will cause Zambia’s population to double within the next 20 years. Voter turnout for the democratic election in August 2021 was high, especially among first-time voters, and the peaceful transition of power to the former opposition is raising hopes for further developments in Zambia.

Local office

KfW Office Lusaka

Director KfW Office: Stephan Neu
P/Bag RW37X Lusaka
6469 Kariba Road, Kalundu
Lusaka
Zambia

Phone: +260 211 29 22-71
Fax: +260 129 24 07

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