Zambian President: We cannot grow with small ideas... we aim for a major economic leap
Zambia's GDP exceeded $30 billion.
Our correspondent in Zambia: Nakiwe Simpungwe
Announced Zambian President Hakainde Hishilema said that his country’s GDP has exceeded US$30 billion, stressing that the government aims to raise it to US$70 billion in the coming years, driven by a package of economic reforms implemented by the ruling party government.
The president's remarks came during the opening of an investment fair in the city of Mansa, where he explained that the improvement in economic indicators reflects growing investor confidence, along with the government's success in restructuring debts, which has provided greater financial space to fund development projects.
Hishilema highlighted the significant potential of Lualabula Province, particularly in aquaculture, and invited local and international investors to expand their operations to boost exports and stimulate economic growth. He also called for revitalizing the tourism sector, pointing to the white sandy beaches of Samvia as a promising destination for visitors.
The President affirmed that the government prioritizes infrastructure development, particularly road networks, to improve connectivity between regions and unlock new economic opportunities. He also emphasized the importance of developing Mansa Airport, calling for the expedited extension of the runway to between three and four kilometers, along with the rehabilitation of airstrips in various regions.
In the education sector, Hishilima reaffirmed the government’s commitment to the policy of free education, noting that more than three million students have returned to school, with parliamentary legislation expected to be passed soon to solidify this policy.
The president called on citizens to strengthen local economies, describing Lualabola as a ”special province” that would receive increased government support to ensure balanced development. He also denied allegations of selling off national assets, asserting that the country was experiencing unprecedented levels of development and investor confidence.
Hishilima called on citizens to invest in the opportunities available in the agriculture, mining and entrepreneurship sectors, stressing that achieving national development requires ambitious and bold ideas.
