The Burden of Zambia

From Zambian Economist Thu Jan 10 2013, 13:30:00

The graphic above summarises Zambia's burden. Zambia is growing and at some incredible pace. In 2012 it is estimated to have grown by 7.3%, with only Angola and Tanzania growing better (8% each). Far higher than the Sub-Saharan average 4.8%. The other point is that neighbouring countries are all growing at fast rate, which bodes well for regional infrastructure investment. As a landlocked country our economic prospects are heavily tied to those of our neighbours. The future looks bright on the growth side.

Unfortunately, the reality is that despite all this growth, it has not delivered reduction in poverty. 2 in 3 Zambians are living below the poverty line. These measures become even worse when we speak in terms of "human development" or use alternative measures of poverty. For example, an alternative household vulnerability measure shows poverty levels in our rural areas at about 80-90%. We have a situation in Zambia in which the proceeds of growth has not been shared. We have growth but no development. Across income groups and across regions Zambia is becoming more unequal.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Angola:   Le président change son ministre de la Défense (news)
Radio France Internationale
24 April 2014

En Angola, le président, José Eduardo dos Santos, au pouvoir depuis bientôt 35 ans, a changé de ministre de la Défense, ce mercredi. Le technocrate Candido Van-Dunem ... [read more]

Angola:   Exploitation illégale de diamant en Angola, saisie d'or en RDC (news)
Les Dépêches de Brazzaville
23 April 2014

Les nouvelles en provenance de la province angolaise de Bié font état de l'arrestation d'une trentaine de ressortissants de la République démocratique du Congo (RDC), du ... [read more]

Angola:   Stock Market Wants Balance Between Investors and Bond Issuers (news)
Angola Press Agency
24 April 2014

The future Angolan stock market intends to find a balance between investors and bond issuers, said last Wednesday in Luanda the chairman of the Credit Market, António Furtado. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!