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An International Business Monitor has ranked Zambia among three Sub Saharan
African countries set to out perform economically, regardless of global
challenges.
The Business Monitor International names Ghana and Mozambique as the other countries to post strong performances in 2011, along with Zambia.
According to the BMI Africa Monitor, Southern Africa, Angola, Botswana, Cameroon, Gabon and South Africa are likely to suffer the most in a worst-case scenario for the US and euro zone economies.
The BMI monthly regional report also forecasts that Zambia’s real Growth Domestic Product-GDP expansion will be above seven per cent for this year and 2012.
It says high copper prices and improving productivity in the mining sector will help Zambia maintain strong growth rates.
The monthly bulletin adds that this will be boosted by growth in agriculture and manufacturing sectors.
The BMI further predicts that Zambia will see its growth surge to 7.3 per cent due to a flurry of Foreign Direct Investment-FDI, robust copper production and strong agricultural output.
The Business Monitor International names Ghana and Mozambique as the other countries to post strong performances in 2011, along with Zambia.
According to the BMI Africa Monitor, Southern Africa, Angola, Botswana, Cameroon, Gabon and South Africa are likely to suffer the most in a worst-case scenario for the US and euro zone economies.
The BMI monthly regional report also forecasts that Zambia’s real Growth Domestic Product-GDP expansion will be above seven per cent for this year and 2012.
It says high copper prices and improving productivity in the mining sector will help Zambia maintain strong growth rates.
The monthly bulletin adds that this will be boosted by growth in agriculture and manufacturing sectors.
The BMI further predicts that Zambia will see its growth surge to 7.3 per cent due to a flurry of Foreign Direct Investment-FDI, robust copper production and strong agricultural output.
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