16/09/2026
CABINET SHIFTS ECONOMIC FOCUS TO GROWTH UNDER NEW AGENDA
Government has announced a shift from economic stabilisation to growth under the Grow Zambia Agenda, following the first Cabinet Meeting of President Hakainde Hichilema’s second term held on September 14, 2026, at State House.
According to a press statement issued by Cabinet Office, Cabinet approved the Budget Policy Concept Paper to guide the 2027–2029 Medium-Term Budget Plan and the 2027 Annual Budget.
The agenda will be anchored on the 10‑10‑5‑3‑3‑1‑1‑1 production targets, including 10 million tonnes of maize, 10,000 megawatts of electricity, five million tourist arrivals, three million tonnes each of copper and soya beans, one million tonnes of wheat, one million tonnes of sugar, and US$1 billion in beef exports.
Government says the targets aim to promote resilient growth, job creation, and improved welfare, while sustaining single-digit inflation, a stable exchange rate, and reserves above three months of import cover. Fiscal consolidation will remain central, with emphasis on reducing deficits, debt sustainability, and enhanced domestic revenue mobilisation through digital tax systems.
Priority investments will focus on transport, water, energy, ICT, health, education, and social protection, alongside climate-resilient projects integrated into planning and budgeting.