UFEZ PROJECTS ZAMBIA’S ECONOMIC GROWTH TO EXCEED THE PROJECTED 6.4 PERCENT IN 2026.

 

The United Federation of Employers in Zambia (UFEZ) says Zambia’s economic growth could exceed the projected 6.4 percent in 2026, driven by increased mining investment, recovery in agriculture, growth in the services and ICT sectors, and improved macroeconomic stability.

Speaking during an end-of-year press briefing, UFEZ President Dr Humphrey Monde expressed support for the operationalization of the 24-Hour Economy, describing it as critical to expanding employment opportunities, improving productivity in the service sector, and leveraging Zambia’s strategic position as a regional logistics hub.

Dr Monde also praised Zambia’s strong economic performance in 2025, noting that the country has outpaced growth in the Southern African Development Community region and is well positioned to translate the momentum into increased investment and job creation.

Meanwhile, Dr. Monde raised concern over the economic cost of road traffic accidents, which are estimated to cost the country about K16.7 billion annually, representing 4.7 percent of Gross Domestic Product, according to a UNDP Zambia Road Safety Investment Case study.

Dr Monde has since urged Government to urgently establish truck parks along major transport corridors, fully implement the National Road Safety Strategy for 2022 to 2026, deploy integrated technology-based road safety data systems, accelerate the shift of bulk cargo from road to rail, and mandate fleet safety management systems for commercial operators.

By Evans Sinjela

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