DMC- The Accountant's Desk

DMC- The Accountant's Desk Future accountant on a mission to make finance simple.

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Chalimbana New campus taking it's shape Follow DMC- The Accountant's Desk for more updates
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Chalimbana New campus taking it's shape
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LET'S TALK ABOUT ZAMBIAN ECONOMIC INSTABILITYHaving watched Zambia’s economy over the years, I can confidently say that ...
21/11/2025

LET'S TALK ABOUT ZAMBIAN ECONOMIC INSTABILITY

Having watched Zambia’s economy over the years, I can confidently say that the instability we’re facing today didn’t happen overnight. I’ve seen inflation eat away at people’s salaries, the Kwacha lose strength faster than businesses can adjust, and government borrowing costs climb to levels that make investment difficult. These pressures are real, and they are felt in every home, every shop, and every small business across the country.

But I’ve also learned something important: economies don’t stabilise by chance; they stabilise through deliberate action.
After analyzing our current situation, here are the solutions. The first step is food security. When a country can’t feed itself, inflation will always remain high. Strengthening agriculture, fixing input supply issues, and investing in irrigation would immediately ease price pressures.

Second, we cannot continue depending on copper as if the world hasn’t changed. I’ve watched global copper prices rise and fall like a roller coaster, and every time they fall, our economy shakes. Diversifying exports is no longer an option; it is a necessity.
I’ve also seen how fiscal indiscipline destroys confidence. When government spending is not controlled, borrowing becomes more expensive and investors step back. What Zambia needs now is serious financial discipline and transparency, not just promises.

And let me speak from what I’ve observed: a strong currency is not built by speeches; it is built by forex reserves, steady exports, and a productive local industry. Every imported product strengthens another country’s economy, not ours.
If we act with discipline, focus, and unity, Zambia can reclaim stability and achieve sustainable growth. Fellow Youths, the solutions are clear and it’s time to act.

: THE ACCOUNTANT'S DESK
BY : Bank of Zambia Ministry of Finance and National Planning, , Lusaka-ZambiaZamStats
BY: TREASURY HEAVYWEIGHT💪💰💼

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