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Minister of Finance and National Planning of Zambia, Dr Situmbeko Musokotwane said the challenge of the huge demand for grain and other agricultural products that Zambia was currently facing should be used as an opportunity for economic growth
Minister of Finance and National Planning of Zambia, Dr Situmbeko Musokotwane said the challenge of the huge demand for grain and other agricultural products that Zambia was currently facing should be used as an opportunity for economic growth.
Dr. Musokotwane said the high demand for grain, such as maize has caused meal prices in Zambia to rise and negatively affect the people. There was a need for Zambia to quickly produce larger agricultural surpluses that can be exported, he added.
Dr. Musokotwane said producing more food and exporting to the countries in need would help Zambia earn more foreign exchange and would lead to the creation of jobs, adding that the export market was so huge that it was necessary to bring in extra skills and capital in Zambia. He disclosed that the Government was working on various initiatives to unlock higher economic growth.
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The Zambian agriculture minister said that the estimates of the Zambia Statistics Agency were that the real GDP growth in 2022 was 3.1 percent. However, the growth exceeded 4.7 percent, mostly driven by the ICT, transport, and education sectors. However, the growth was subdued in key sectors such as agriculture, mining, tourism, and manufacturing.
