Zambia: Copper Prices Strengthen GDP Growth 2009

September 7, 2009

Zambian Copper Prices

Zambia’s GDP growth is predicted to be of 6% or more during 2009, due to doubling in prices for copper and market improvements in other sectors. Zambia Minister of Finance and National Planning, Hon. Situmbeko Musokotwane had announced a growth of 5% in the 2009 budget.

During the 2Q 2008 prices for copper went down dramatically and significant unemployment throughout the mining sector was the result of the impact of this on mining industry in Zambia.

Mr. George Tsibouris, who is IMF mission chief for Zambia, stated in a speech that the outlook for the Zambian economy is beginning to improve as the mining sector is benefiting from the price recovery. Zambia’s economy in general is also supported by a steady recovery of the external environment, and provide a solid platform for Zambia to benefit from the rising copper prices.

An IMF mission that visited Zambia from 31st August to 4th September to discuss and review economic developments as well as the the 2010 budget formed by Zambia’s government. The meeting was participated by the Minister of Finance and National Planning, Hon. Situmbeko Musokotwane; Governor of the Bank of Zambia, Dr. Caleb Fundanga as well as other officials and members of Zambia’s business community.

Zambia is pursuing an economic diversification program to reduce the economy’s reliance on copper mining. The initiative seeks to develop other sectors such as agriculture, tourism, gemstone mining, and hydro-power. Zambia is a highly urbanized country with more than 45% of the population residing in urban areas along the major transport corridors and the Copperbelt. Rural areas are sparsely populated, and Zambia is one of the most urbanized areas of Sub-Saharan Africa.

Stanbic Bank head of Africa Research Group Economics, Yvonne Mhango, said in last week Lusaka that there would be a significant growth in economies throughout Africa, particularly in importing economies such as Zambia, however African nations who depend on export, such as Nigeria and South Africa will be facing economic declines.

Speaking at Zambian economies and commodity markets, Yvonne Mhango stated that especially the mining and sectors, construction, trade, agriculture, transport and information technologies as sectors are expected to perform well this year in Zambia.

Be Social - Share Your Bookmarks Now
  • Technorati
  • Digg
  • Facebook
  • StumbleUpon
  • LinkedIn
  • Twitter

{ 188 comments… read them below or add one }

1 migliori seghe a nastro January 1, 2017 at 08:51

I have read so many posts about the blogger lovers except this
post is genuinely a good paragraph, keep it up.

2 mejor purificador de aire January 10, 2017 at 18:11

Really no matter if someone doesn’t know then its up to other users that they will assist, so here it takes place.

3 Collin January 31, 2017 at 16:28

Hi there very cool website!! Guy .. Excellent .. Wonderful ..
I’ll bookmark your blog and take the feeds additionally?
I’m happy to search out a lot of useful information here within the
put up, we need work out more strategies on this regard, thank you for sharing.
. . . . .

4 March 8, 2017 at 18:42

I know this web site gives quality depending posts and additional data, is there any other web site which
offers these kinds of stuff in quality?

5 ledarskap May 9, 2017 at 12:22

Verү good post. I am facing many off these issues as well..

6 June 29, 2017 at 14:18

I am truly grateful to the owner of this site who has
shared this wonderful article at at this place.

7 insta private profile viewer July 20, 2017 at 05:55

I was more than happy to find this site. I want to to thank you for ones time due to this fantastic read!!

I definitely enjoyed every bit of it and i also have you saved to fav to check out new information on your website.

8 father's day shirt target November 17, 2017 at 03:09

of course above ground pools are easier to maintain and to clean.

9 fdny father's day fire shirt November 20, 2017 at 12:41

i would have to make more christmas cards becuase next month is december already“

10 father's day shirt tie card template November 20, 2017 at 14:29

Oh my! an incredible article man. Thanks a lot Unfortunately I am experiencing issues with ur rss . Don’t know why I am struggling to subscribe it. Perhaps there is somebody getting identical rss issues? Anyone who can help kindly respond. Appreciate it

11 father's day shirts walmart November 21, 2017 at 02:15

The author covered some curious points here. I came across this by using Yahoo and I must confess that I am currently subscribed for your blog, it is quite great

12 amazon father's day shirt November 22, 2017 at 19:59

Perfectly pent articles , Really enjoyed reading through .

13 father's day card ideas shirt and tie November 23, 2017 at 09:12

i have a brother that is autistic and we love him so much and gave all of our support on him.,

14 February 23, 2018 at 05:02

Ϝabulous guide! I liked a looking at. Im hopіng tߋ enjoу a book a wһole lot more on your part.

My partner and i you got awesome underѕtanding and so imagination. What i am hugely content within thiѕ important information.

15 s903 March 24, 2018 at 20:15

Everything is very open with a really clear explanation of the issues.
It was definitely informative. Your site is very useful. Many thanks
for sharing!

16 Money Loan July 28, 2018 at 02:06

direct lender installment loans money lender lender quick online loans

17 go auto insurance August 25, 2018 at 20:53

car insurance near me buy auto insurance online insurance auto insurance online

18 progressive auto ins September 15, 2018 at 21:16

car insurance quote quotes auto insurance cheap auto insurance quotes insurance auto quotes

19 Online Payday Loans September 26, 2018 at 16:32

payday loans henderson nv online loans no credit check instant deposit direct loans direct loan

20 Payday Loans September 26, 2018 at 16:34

payday loans direct lenders loans direct lenders direct lending loans for bad credit

21 Online Lenders September 26, 2018 at 17:12

small personal loans with bad credit personal loans no credit personal loans bad credit bad credit personal loans guaranteed approval

22 Instant Online Loans September 26, 2018 at 19:02

direct loans direct loans loans zoom reviews loans for used cars

23 bcbst medicare September 26, 2018 at 19:03

trump health trump health insurance plans trump health care trump health care plan

24 universal insurance September 27, 2018 at 15:55

home insurance quotes home insurance quotes online home insurance quote home insurance quote

25 Loans For Bad Credit October 9, 2018 at 04:31

loans direct loans direct loans direct loans direct

26 samsung update file April 20, 2020 at 18:37

Why visitors still use to read news papers when in this technological world the whole
thing is existing on net?

27 samsung update file April 24, 2020 at 10:10

Thanks for finally writing about >Zambia: Copper Prices Strengthen GDP Growth 2009 <Loved it!

28 samsung update file April 25, 2020 at 15:26

If some one wants еxpert view on the topic of blogging
then i propose him/her to pay a գᥙick visit thiѕ website, Keep
up the gooԀ job.

29 samsung root files April 29, 2020 at 23:03

Hi theгe to every body, it’s my first pay a visit of tһis webpage; this web site carries remarkable and reаlly good material for readers.

30 samsung s7 update April 30, 2020 at 00:51

Hello, after rеаding this awesome paragraph i am also hapрy to share my кnowledge here with mates.

31 sm g965u root May 1, 2020 at 07:26

I don’t evеn understand how I ended ᥙp right herе,
but I assumed this put ᥙp wаs once good. I do not recognise who yoᥙ might be but definitely
you’re going to a well-known blogger when yօu arеn’t already.

32 samsung firmware May 8, 2020 at 15:29

GooԀ Ԁay very nice site!! Guy .. Excellent ..
Amazing .. I’ll bookmark your blog and tɑke the feеds also?
I’m satisfied to search օut numerous helpful infoгmation here within the put up, we want work out more stratеgies on this regard, thank you for sharing.
. . . . .

33 pdf to word converter May 19, 2020 at 10:34

Do үou mind if I quote ɑ feԝ of your posts aѕ long as I provide
credit аnd sources Ƅack to youг blog? Ⅿү blog is in tһе very
sɑme niche aѕ yourѕ and my uѕers ԝould truly benefit from
a lot of the infoгmation you provide heгe. Pleaѕe lеt me know if thiѕ оkay wіth
ʏou. Appreciate іt!

34 daftar situs judi togel toto macau September 5, 2020 at 12:11

What’s up it’s me, I am also visiting this web page daily, this site is in fact fastidious and the pwople
are truly sharing fastidious thoughts.

35 Harold September 5, 2020 at 18:12

If you are going for finest contents like me, simploy
pay a visit this site daily for the reason that it offers quality contents, thanks

36 ceme Hkb September 6, 2020 at 23:36

Its such as youu learn my mind! You appear to know
a lot approximately this, such as you wrote thhe book in it or something.I believe that you can do with some p.c.
to power the message house a little bit, however instead of that, that
is excellent blog. An excellent read.I’ll definitey be back.

37 cara perhitungan kartu baccarat September 9, 2020 at 13:25

This article will assist the internet people for creating
new blog or eve a blog from start to end.

38 September 9, 2020 at 16:49

Hi, I believe your blog may be having browser compatiibility issues.

Whenn I look at yopur website inn Safari, it looks fine however, when opening in Iternet
Explorer, it’s got some overlapping issues.
I simply wanted to provide you with a quick heads up! Apart
from that, wonderful blog!

Leave a Comment

Previous post: Solar Energy: Chinese Investments in Zimbabwe

Next post: Ethiopia: Chinese Hydropower Investments by CGGC