Publication: Zambia : Country Private Sector Diagnostic
Abstract
Zambia’s economy is emerging from a debt crisis and has successfully negotiated a debt restructuring with creditors and an International Monetary Fund (IMF) program. This report highlights that, with reforms, significant profitable investment opportunities are available for businesses, which will contribute to better jobs and higher incomes for Zambia’s population. To keep the analysis focused and manageable, the report delves into four specific sectors: mining, solar power, agribusiness, and tourism. Implementing key actions in these sectors can attract up to 21 billion dollars in cumulative new investment between 2025 and 2030, or close to 50 percent above current trends. Up to roughly 80,000 additional formal jobs can be created directly - equivalent to more than 10 percent of formal jobs in 2022. In an upside scenario, as many as 220,000 additional jobs can also be created indirectly in the rest of the economy (with greater uncertainty in the estimates, especially for the indirect impact of mining investments on employment).
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“World Bank. 2025. Zambia : Country Private Sector Diagnostic. Country Private Sector Diagnostic. © World Bank. http://hdl.handle.net/10986/42716 License: CC BY-NC-ND 3.0 IGO.”
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