Zambia’s economic growth to continue — expert

By KENNEDY MUPESENI –

THE  railway and road infrastructure development the Zambian Government has embarked on will make the country more land linked and contribute to the reduction of the high cost of doing business, visiting Standard Bank Group African strategist Yvette Babb has said.

Meanwhile, Ms Babb said Zambia was poised to record more than eight per cent Gross Domestic Product (GDP) growth by 2014 due to the economic growth the country had been recording over the last five years.

“Zambia, being landlocked means that the cost of transportation is higher than countries which are near to the sea, that is why the cost of doing business should be reduced by building and rehabilitating railways and roads like what the country was already doing,” Ms Babb said.

She was speaking during a Stanbic Bank Media Breakfast in Lusaka yesterday.