Zambia’s economy has been growing at a sluggish rate averaging three percent per annum since copper prices dipped two years ago. The cost of living and doing business has been soaring in the process as the country faces economic challenges after the government cut fuel subsides last year causing a 39 percent price hike in petrol, analysts say.
Copper slide, unemployment heightens economic pressure.
Pre-election violence, court challenge could delay aid.
Zambia wary of conditions linked to Chinese investment.
A struggling currency, power shortages and rising food prices are all the things Zambians did not ask for this Christmas. The festivities are expected to be more moderate this year as consumers spend less in the face of economic woes.