First National Bank Zambia Economic Update – April 2022
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First National Bank Zambia Economic Update – April 2022 LUSAKA, Zambia – 26 April 2022 – Following a significant rebound estimated at 3.6% in 2021, Zambia’s economy remains on a path of recovery. Rand Merchant Bank (RMB), the corporate and investment banking arm of FirstRand Bank Limited – of which FNB Zambia is also a division, is expecting the economy to grow to 4.8% in 2022 before stabilizing at 4.0% in 2023. “We note that in 2022 growth in the secondary industry is likely to maintain its momentum, specifically electricity, manufacturing and construction, given ongoing projects in these areas,” says...