Economic Diversification is the Answer to Zambia’S Poor Economy

Economic Diversification is the Answer to Zambia’S Poor Economy »

8 Apr, 2014
Focus Point

THE economy of Zambia has been under-performing for a long time now and there is urgent need to diversify the sectors which the economy is dependent on. From the post-independence period to date, the economy has heavily relied on foreign currency earnings from copper which apparently is proving to be unsustainable. It is unsustainable in that the country does not have the manufacturing machinery to process the very copper into finished products. Copper exports amount to approximately 77 percent of the country’s income.