ZAMBIA AMONG BETTER MANAGED AFRICAN ECONOMY, SAYS WORLD BANK. Zambia has been named among four African countries showing significant improvements in economic management, with the World Bank saying years of reforms are beginning to deliver results. The World Bank says Zambia, Nigeria, Ethiopia and Angola have all recorded improved economic prospects as reforms and better […]

ZAMBIA AMONG BETTER MANAGED AFRICAN ECONOMY, SAYS WORLD BANK.

Zambia has been named among four African countries showing significant improvements in economic management, with the World Bank saying years of reforms are beginning to deliver results.

The World Bank says Zambia, Nigeria, Ethiopia and Angola have all recorded improved economic prospects as reforms and better economic management begin to strengthen their economies.

In its latest Africa Economic Update, the World Bank raised its forecast for economic growth in Sub-Saharan Africa in 2026 to 4.3 percent, up from the previous forecast of 4.1 percent.

The region recorded economic growth of 4.1 percent in 2025.

The World Bank says economic activity in Africa has remained resilient despite a difficult global environment, including higher energy prices and disruptions to global supply chains linked to the conflict in the Middle East.

World Bank Chief Economist for Africa Andrew Dabalen says growth forecasts have been increased for nearly three-quarters of the countries in Sub-Saharan Africa.

He says the improved outlook reflects the impact of economic reforms and better management in several countries.

The World Bank, however, warns that Africa still faces risks, including a prolonged conflict in the Middle East, extreme weather linked to El Niño, high interest rates in advanced economies and rising debt-servicing costs.

The bank has also urged African governments to embrace artificial intelligence and new technologies to improve productivity and create more economic opportunities.

– Zambian Watch.